22 Oct Imperial Capital Acted as Exclusive Financial Advisor to I-View Now in Its Sale to Smart Home Security Leader ADT
LOS ANGELES–(BUSINESS WIRE)–#adt–Imperial Capital, LLC (“Imperial Capital”) announced that it served as the exclusive financial advisor to I-View Now LLC in its sale to smart home security leader ADT Inc. (NYSE: ADT)
I-View Now is a leading video alarm verification service. I-View Now’s verification technology, paired with the core monitoring strengths of ADT, will help reduce false alarms and optimize priority response from emergency services.
With I-View Now, public safety answering points (PSAPs), like 911 dispatchers, will be able to better confirm whether an alarm is a true emergency by leveraging technology. Video, location, sound, sensor, user, and activity data can now be combined with predictive analytics to provide a comprehensive dashboard of information about what is taking place during an alarm.
This critical information allows customers, ADT, and first responders to make better decisions quickly, helping protect lives and property. If a customer is not available to confirm the emergency, they can choose to allow ADT access to additional available data, such as video feeds, from within the property to assess the situation remotely. This enables ADT to append an accurate priority signal to the alarm, which first responders can use to determine response time.
“I-View Now represents the future of smart home monitoring service, connecting end-users, monitoring centers, and, most importantly, 911 first responders to deliver highly effective emergency services. Coupled with the evolution to Next Generation 911 services in the U.S., the I-View Now technology enables situational intelligence that creates a far more efficient paradigm for the delivery of emergency services to end-user subscribers,” said John E. Mack III, Executive Vice President and Co-Head of Investment Banking of Imperial Capital.
“Teaming up with ADT will allow our proprietary technology to reach its full potential and provide better information to first responders,” said Larry Folsom, I-View Now President. “ADT is our ideal partner to help scale up, and together we will help to save more lives.”
ADT’s implementation of I-View Now’s verification technology is currently in a pilot program in select markets and will be available to all ADT customers in Q4 2019.
About Imperial Capital, LLC
Imperial Capital, founded in 1997, is a full-service investment banking firm with offices in Los Angeles, New York, London, Stamford, Boston, Chicago, Houston and Tel Aviv. The firm currently employs over 200 professionals and offers a wide range of proprietary products and services to institutional investors, middle market companies and private equity firms. Imperial Capital provides institutional clients research and sales and trading of high yield and distressed debt securities, bank debt, convertible bonds, preferred stocks, and equities. The firm provides middle market companies and financial sponsors with capital markets, merger and acquisitions, capital structure, restructuring and recapitalization advisory services. More information about Imperial Capital can be found at www.imperialcapital.com.
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