February 26, 2015 6:22 PM ET

Diversified Consumer Services

Company Overview of Protection 1, Inc.

Company Overview

Protection 1, Inc. provides electronic security alarm monitoring services. Its services include the installation, maintenance, and electronic monitoring of alarm systems to single-family residential, commercial, multifamily, and wholesale customers. The company offers home security packages, intrusion detectors, cellular backup systems, asset protection sensors, keypads and controls, hazard detectors, and eSecure systems. It also provides small and medium business alarm systems, fire and hazard detectors, access control systems, and video surveillance systems, as well as remote services. The company was founded in 1988 and is headquartered in Lawrence, Kansas with additional offices internat...

1035 North 3rd Street

Suite 101

Lawrence, KS 66044

United States

Founded in 1988

2,600 Employees

Phone:

785-856-5500

Fax:

785-368-7646

Key Executives for Protection 1, Inc.

Chief Executive Officer, President and Director
Chief Financial Officer and Executive Vice President
Chief Technology Officer and Senior Vice President of Operations
President of Security Monitoring Services Inc
Age: 46
Senior Vice President, Corporate Secretary and General Counsel
Compensation as of Fiscal Year 2014.

Protection 1, Inc. Key Developments

Apollo Global Reportedly In Talks To Acquire Protection 1

Apollo Global Management, LLC (NYSE:APO) is in advanced talks to acquire Protection 1, Inc. in a deal that could value the U.S. home security company at close to $1.5 billion, including debt, according to people familiar with the matter. Apollo has so far prevailed over other interested parties in an auction for Protection 1, including Ares Management LLC and The ADT Corporation (NYSE:ADT), the people said this week, asking not to be identified because the talks are confidential. The negotiations with Apollo have not concluded, and Protection 1's owner, GTCR, LLC, may yet decide to sell the company to another bidder or cancel the sale altogether, the people added. An Apollo spokesman and an ADT spokeswoman declined to comment. Protection 1, GTCR and Ares representatives did not immediately respond to requests for comment.

Protection 1 Joins USAA in Strategic Alliance Relationship

Protection 1 announced that it has been awarded a contract that gives USAA's more than 10 million members access to security and life-safety solutions through its established partner programs. With the agreement, USAA members can receive the latest in security and home automation technologies from Protection 1, encompassing intrusion detection, fire protection, video surveillance systems, thermostats and locks, with all systems offering interactive remote services. Program options include both Protection 1 professionally-installed and self-installed systems with a range of options members want.

Protection 1 Appoints Simi Gupta as Chief Accounting Officer for Brite Energy

Protection 1 announced that it has hired Simi Gupta, CPA, MBA as its new Chief Accounting Officer for Brite Energy, Powered by Protection 1. In addition to building and leading the new finance and accounting team, Gupta will also manage all aspects of general accounting with overall responsibility for SEC reporting, accounting and external audit compliance functions. She will also ensure timely financial reporting that adheres to GAAP, SEC reporting and Sarbanes Oxley compliance requirements. Gupta has over 23 years of finance and accounting experience. Prior to joining Protection 1, she was Controller for Propel Fuels, a leader in clean technology offering alternatives to conventional energy with renewable fuels. She also held the position of Director of Accounting at Tesla Motors, Inc. where she helped manage the company's Initial Public Offering (IPO) process while overseeing the opening of new Tesla locations in the United States and Worldwide.

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