News: Pinnacle and GE Security Team to Market Innovative New Touch Screen READ
Latest NewsPINNACLE SECURITY AND GE SECURITY TO MARKET INNOVATIVE NEW TOUCH SCREENPinnacle to Deploy New Systems in 2010OREM, UTAH – January 12, 2010 – Pinnacle Security, a leader in the North American residential security market, today announced it will offer an innovative new touch screen developed by GE Security, Inc. with input from Pinnacle. The new product's sleek design and expanded functionality represent a significant step forward in providing consumers with the latest technology at a reasonable price level. More compact and easier to use than traditional security keypads, the touch screen includes exciting features offering significant value to consumers. Of these features, consumers can set up automation schedules through a web portal, arm and disarm the security system, and adjust the thermostat from the touch screen. Thus, with no extra effort, consumers may realize a reduction in utility bills by securing their homes. "It was apparent that previous security keypads needed a twenty-first century face lift both cosmetically and, more importantly, in functionality," said Kelly Walker, President, Pinnacle Security. "We are excited to be the first to market GE Security's touch screen and offer a product that will no doubt provide additional value to our customers." Pinnacle has been a long-time partner of GE Security and is excited to see GE's continued commitment and support in delivering products that consumers want. Pinnacle supplied GE engineers with detailed product requirements, a process known within GE as "Voice of Customer", to assist in the manufacture of the new touch screens. "Pinnacle's requirements included a concept that could sync with mobile devices and asked us to engineer and manufacture state-of-the-art control," said David Nark, Product Marketing Manager, GE Security. "We are excited about the new touch panel and are pleased to work with a security company as focused on innovation as Pinnacle. When we saw their product requirements and merged them with our own, we were confident that the result would be the next big thing in our industry, bridging both home security and automation together seamlessly." "Pinnacle is very excited to work with partners like GE Security and Alarm.com who are committed to providing increased customer value in the products they deliver," said Christopher B. Munday, Chairman and CEO, Pinnacle Security. "In 2010, we look forward to the continued execution of our mission to help individuals protect the things that matter most." The panel also incorporates features supplied by Alarm.com, a security industry leader in interactive and wireless services, providing consumers anywhere/anytime access to their security system through the Internet and mobile devices. Some of the highlights of the new product include:
About Pinnacle SecurityPinnacle Security is an industry leader in providing quality residential and commercial security solutions to help individuals realize the peace-of-mind that comes from protecting the things that matter most. Pinnacle is headquartered in Orem, Utah and has sales offices throughout North America. For more information, please visit www.pinnaclesecurity.com.About GE SecurityGE Security, Inc., a business of GE Enterprise Solutions (NYSE: GE), is a leading supplier of security and life safety technologies, with operations in more than 26 countries. GE Security offers one of the industry's broadest product portfolios, including access control, explosives and narcotics detection, fire detection, intrusion, key management and video surveillance. GE Security's products are used to protect people and property across a wide range of industries, including aviation, banking and finance, education, government and military, healthcare, law enforcement, residential, retail, stadiums and event venues, and transportation. For more information about GE Security, please visit www.gesecurity.com.About Alarm.comAlarm.com provides wireless and web-enabled security and activity monitoring technology to residential and commercial customers throughout the United States and Canada. Alarm.com's Operations Center processes millions of security events every day which are reported by Alarm.com systems used to monitor and protect houses, businesses, vacation properties, apartments, professional offices, restaurants, retail chains, model homes, data centers, and more. Alarm.com technology is compatible with security equipment made by GE Security and is offered exclusively through a network of over 1000 licensed and authorized Security Dealers nationwideMedia Contact: Jennifer Webb Coltrin & Associates (for Pinnacle Security) Jennifer_webb@coltrin.com 212.221.1616 FREE COMEDY SPORTS SHOW!Food! Prizes! Fun!Pinnacle Theater 1290 Sandhill Rd. Orem, UT. (801) 437-1020 Wednesday, Jan. 20th At 6:00 pm Bring a Friend! Read More The next big industry player?Golden Gate Capital: On a well-funded mission to build a 'global, fully integrated security company'By Martha Entwistle - 10.15.2009 SAN FRANCISCO—Golden Gate Capital, a quiet, behind-the-scenes player in recent years, made news with its recent acquisition of Devcon Security, and it's likely to be making more news soon, operating executive Christopher B. Munday told Security Systems News. Noting that Golden Gate, an $8 billion private equity firm, still has $4.5 billion of available capital, Munday said the "plan here is to keep building out and ultimately to build a global, fully integrated security company." Golden Gate, he said, wants to be "in control of everything, creating accounts, [providing] equipment, holding, servicing and monitoring accounts." Golden Gate in June of 2008 acquired Pinnacle Security, a summer-model company based in Utah. A September 2008 $150 million credit facility (with LaSalle/Bank of America) enabled Pinnacle to keep its accounts. Operations were beefed up there in October 2008, when Pinnacle bought the sales force and technical department of Icon Security, a smaller summer-model company in Utah. Two weeks ago, Golden Gate acquired Devcon Security. Munday and Robert Farenhem (CEO and president of Devcon) have said that there are no immediate plans to combine the two companies. However, Munday, who serves as chairman and CEO of Pinnacle Security, will join the board of Devcon as chairman, with the goal of looking at the synergies between the two companies. "We'll get the relevant people involved from both companies ... to explore areas of cooperation," he said. "We don't know how it will shake out," Munday explained. "We may find nothing, some things, or a lot of things" that can be done to "improve the synergies at the back end of the businesses." While Pinnacle, a summer-model company, and Devcon a traditional security company, have starkly different sales methods, there are likely lessons the companies can learn from each other, he said. In addition, Pinnacle will clearly be interested in Devcon's monitoring capabilities, Munday said. On the acquisition front, what kinds of security companies might Golden Gate be in the market for? Munday said another alarm company, a monitoring company, or a small technology company are all possibilities. John Gilligan, Golden Gate Capital principal added, "We tend to be very long-term, strategic-oriented investors; we seek out management teams to partner with and tend to acquire a number of businesses in the space." For example, Golden Gate acquired 70 different software companies in nine years. "We acquire competitors to scale the company, [to acquire] new product lines, to spread into new geographies. All of those obviously are applicable to the security space." (Originally posted at http://www.securitysystemsnews.com/?p=article&id=ss2009104N8G9c ) Pinnacle Security Reports Year of Record GrowthExpects to Continue Customer Growth, Increase Employment Opportunities in 2010OREM, Utah--(BUSINESS WIRE)--Pinnacle Security, a leader in the residential security market, announces a year of record growth, increasing residential installations by more than 60 percent. In a time when many companies are cutting costs and employees, Pinnacle Security is flourishing, hiring more staff, creating new partnerships and continuing to serve the community. "Building on the incredible growth we've seen in 2009," said Christopher B. Munday, Chairman and CEO, Pinnacle Security, "we expect to continue expanding through strategic partnerships with high-profile brands to drive innovation within the industry, provide greater access to the most-advanced technology in home security and raise the industry standard for compliance." Growth in 2010 will be built on strategic partnerships and processes that were initiated in 2009, including a partnership with Alarm.com, which enables Pinnacle Security customers to arm/disarm their systems from their phone, receive text messages when a problem is detected as well as other advantages. Further, new compliance and training initiatives will provide additional structure and alleviate process issues. "This has been a strong year," said Munday. "We have been able to create new jobs, help the local economy and provide benefits for our employees that are rare in these economic times." In addition to record growth, Pinnacle has created new programs and initiatives for its employees and the local community including college tuition funding programs and wellness programs as well as athletic sponsorships for local colleges and universities. "Our employees and our community are important to us," said Steve Hafen, COO, Pinnacle Security. "As we continue growing our customer base, we will provide additional employment opportunities and continue to participate in community sponsorships." As a full service security company, Pinnacle now provides alarm services to nearly 150,000 homes throughout North America and employs more than 2500 employees and sales representatives nationwide. About Pinnacle SecurityPinnacle Security is an industry leader in providing quality residential and commercial security solutions that help individuals realize the peace-of-mind that comes from protecting the things that matter most. Pinnacle is headquartered in Orem, Utah and has sales offices throughout North America. Founded in 2001, Pinnacle is a long-standing partner of GE Security, a wholly owned subsidiary of the General Electric Company (NYSE: GE). For more information, please visit www.pinnaclesecurity.com.Pinnacle Security Introduces A New Wellness Program For Its EmployeesOREM, UTAH (May 2009) – Pinnacle Security, an Orem based home and commercial security alarm company, recently took their mantra "Your Life. Secure." to a very literal level with the implementation of their Employee Wellness Program."The program was developed with our employees in mind," explains Christopher B. Munday, Chairman and CEO of Pinnacle Security. "Establishing a healthy work environment starts at the core. If our employees are happy and healthy they will feel and perform better," adds Munday. Pinnacle's wellness program facilities are located under one roof with their corporate headquarters and include a full gym, weight room, sauna, showers, lockers and full-length basketball court. Adam Christian, a Compliance Manager who has been with Pinnacle for nearly a year, has discovered the benefits of the wellness program. "I have more energy at work," says Adam. "With a busy lifestyle it is hard to fit working out into my schedule. Having an on-site fitness facility makes it easy for me to get a full workout and shower within my lunch hour," Adam adds. An additional asset to Pinnacle's program is its renowned professional trainer, David Stroshine. Not only is David a Certified Strength and Conditioning Specialist through the National Strength and Conditioning Association, but he has also trained such professional athletes as Fahu Tahi (Minnesota Vikings) and Fui Vakapuna (Cincinnati Bengals). "My vision for Pinnacle employees is to empower them with the knowledge and tools that will help them accomplish their health and fitness goals," explains David. "Overall, I want to create a lifestyle at Pinnacle that promotes health and productivity," adds David. All Pinnacle employees and their immediate families are eligible for voluntary participation in the new wellness program. Free one-hour health and wellness workshops are also conducted each month. From nutrition to exercise to general body wellness, the workshops provide something for everyone. In the near future a second phase of the wellness program will be implemented, which includes massage therapy and employee field trips that foster general activity and wellness. In a time where many companies are cutting costs and employees, Pinnacle Security is flourishing, hiring more staff and providing additional benefits to help improve the overall workplace and experience of its employees. About Pinnacle SecurityPinnacle Security is an industry leader in providing quality residential and commercial security solutions that help individuals realize the peace-of-mind that comes from protecting the things that matter most. Pinnacle is headquartered in Orem, Utah and has sales offices throughout North America. Founded in 2001, Pinnacle is a long-standing partner of GE Security, a wholly owned subsidiary of the General Electric Company (NYSE: GE), and of the Better Business Bureau. For more information, please visit www.pinnaclesecurity.com.Pinnacle Takes Its Sales and Marketing Expertise to the 4G Mobile WiMAX MarketClear Wireless LLC Signs Agreement to Outsource Door-to-Door Sales of Wireless Internet Services # # # About Pinnacle Security About Clear Wireless LLC Pinnacle Security Announces Key Community Sponsorships- Successful Utah company gives back to the community through sponsorships -OREM, UTAH (February 2009) - Pinnacle Security, a Utah based company that provides residential and commercial alarm systems, is giving back to its employees and the community by sponsoring Universities through academics and athletics, most recently becoming the premiere athletic sponsor at Utah State University. "Our partnership with Pinnacle Security has been a tremendous benefit to our campus and student population," said Landon Day, General Manager for Aggies Sports Properties. "The overall appearance of our sports facilities has improved; plus, Pinnacle's presence has really benefited our students on the great summer employment opportunities provided through Pinnacle." But Athletics isn't the only area in which Pinnacle is helping out; the company realizes that school can become as busy as a full-time job for many of its employees. "We do everything we can to provide students the opportunity to achieve enough success in the summer to provide for themselves financially throughout the school year," explains Christopher B. Munday, CEO of Pinnacle. "Overall, we recognize that college campuses benefit from more committed and responsible students as much as we do, and we are pleased with the opportunity to help with this endeavor," Munday adds. Additionally, many of Pinnacle's employees participate in Utah Valley University's Intramurals resulting in Pinnacle's recent donation of 350 high-quality jerseys as part of an effort to give back to its employees. UVU Intramural Director Beau Earls was thrilled by the donation and what it meant to his program. "I have never heard of another intramural league that is able to supply jerseys of this high quality to every participant," said Earls. "It's made things so much easier for the officiators and the teams were ecstatic to have these." Pinnacle Security - Supporting Employees Through University Sponsorship "We owe much of our success to our employees and the Utah community as a whole. Participating in community events and sponsorships like these provide a nice opportunity for Pinnacle to reciprocate," said Munday. Additional Universities supported by Pinnacle Security include Idaho State, BYU-Idaho, and Southern Virginia University. # # # About Pinnacle SecurityPinnacle Security is an industry leader in providing quality residential and commercial security solutions that help individuals realize the peace-of-mind that comes from protecting the things that matter most. Pinnacle is headquartered in Orem, Utah, and has sales offices throughout North America. Founded in 2001, Pinnacle is a long-standing partner of the Better Business Bureau. For more information, please visit: http://www.pinnaclesecurity.com. Review The Original Press Release at Pinnacle Security's Site Utah-Based Company Launches New Branding for New YearLocal company wants consumers and employees to feel "secure"OREM, UTAH (January 2009) - Utah-based Pinnacle Security, one of the nation's top residential and commercial security corporations, headquartered in Orem, Utah, is launching an updated version of the Pinnacle brand in an effort to further strengthen brand awareness and focus as the company looks to continue its expansion across the United States and Canada in the coming year. "We've achieved consistent growth through the years and we're excited about the future," said Christopher B. Munday, CEO of Pinnacle. "We felt like it was a great time to refresh the brand and grow further our brand awareness with a new look and slogan as we continue forward." Pinnacle executives said the new slogan, "Your life. Secure.", is the result of two questions: "How do we want our consumers to feel when they purchase a security system?" And, "How do we want our potential recruits to feel when they adopt Pinnacle's employment opportunity?" Munday said he hopes the new Pinnacle brand will deliver a message of assurance and confidence to Pinnacle consumers and employees alike. "We're still the same company we were before, but more than ever we want our customers to know we are watching out for them and they should feel safe with Pinnacle behind them," said Munday. "On the same note, we want our employees to know we are here to help them develop and secure their future." In addition to updated messaging, Pinnacle has recently posted a new state-of-the-art digital sign on Interstate-15 next to the corporate office in Orem. Pinnacle Security is an industry leader in providing quality residential and commercial security solutions that help individuals realize the peace-of-mind that comes from protecting the things that matter most. Pinnacle is headquartered in Orem, Utah, and has sales offices throughout North America. Founded in 2001, Pinnacle is a long-standing partner of the Better Business Bureau. For more information, please visit http://www.pinnaclesecurity.com. Review The Original Press Release at Pinnacle Security's Site Pinnacle Security Helping College StudentsPROVO, UTAH (January 13, 2009) - Utah-based residential security company, Pinnacle Security, continues to help thousands of local students pay for college – a company priority since its inception in 2001 – even during an economic downturn the Associated Press predicted, “could be the hardest hard times since the Great Depression.”“We are trying to combat the stress students are feeling in their pocketbooks as the cost of higher education continues to increase,” said Christopher B. Munday, CEO for Pinnacle.“ A college education is important – especially during times of economic pressure - and students shouldn’t have to sacrifice a degree to try to stay afloat.” According to the National Survey of Student Engagement, 66 percent of college seniors are working for pay off-campus. Although research shows working 15 or fewer hours a week can be positive for students, the American Council of Education found that working more than 20 hours tends to detract from the academic experience and jeopardize successful completion of a degree or certificate. Pinnacle strives to decrease that pressure with a summer direct sales program that can help students highly subsidize or totally pay “I always knew that I wanted to complete my college degree,” said Puck Herriford, a third-year Pinnacle sales representative and student at Utah Valley University, “and Pinnacle has provided me with the opportunity to do so debt free. I don’t know of too many students who can say that.” In addition to helping students pay for college, Pinnacle is also investing more into educating its sales representatives – mostly college-age students – about setting and reaching financial and career-oriented goals, and continues to see growth company-wide. # # # Pinnacle Security is an industry leader in providing quality residential and commercial security solutions that help individuals realize the peace-of-mind that comes from protecting the things that matter most. Pinnacle is headquartered in Orem, Utah, and has sales offices throughout North America. Founded in 2001, Pinnacle is a long-standing partner of the Better Business Bureau. For more information, please visit: http://www.pinnaclesecurity.com. Local Company Reports Growth at End of YearPROVO, UTAH (December 15, 2008) - The nation's down economy has seen a deterioration of jobs across the country, something some experts say is unlikely to turn around soon with the unemployment rate at a five-year high. Earlier this month, the Associated Press reported a near half-million jobs "virtually vanished" in November. But some Utah companies are still seeing positive results, including Utah-based Pinnacle Security, and hoping to help turn things around."At Pinnacle we feel like we've actually been able to help during these hard economic times," said Christopher B. Munday, CEO of Pinnacle. "We've been creating more jobs and bringing more people on board and hopefully that helps the local economy during these difficult times." Throughout 2008, Pinnacle employed more than 500 employees at their corporate office in Utah and another 1,500 sales personnel throughout the United States and Canada. Continued growth coupled with growth projections in 2009 have the company currently committing to additional facilities in Utah County. "While it is difficult to fully understand the impact the economic downturn will have on our business, we remain very optimistic that Pinnacle will experience significant growth in 2009," said Steve Hafen, COO of Pinnacle. "With this growth, it is likely that Pinnacle will be increasing hiring in the coming months." Golden Gate Capital and Pinnacle Security Announce Acquisition of Icon Security's Sales Force and Technical DepartmentOREM, Utah--(BUSINESS WIRE)--Pinnacle Security, a leading provider of residential and commercial security systems, and its equity partner, Golden Gate Capital, a San Francisco-based private equity firm with $9 billion under management, today announced that they will add the sales force and technical department of Icon Security, a Provo, Utah-based provider of residential and commercial security systems, to Pinnacle's existing sales and technical teams.For Pinnacle, this is another in a series of important recent developments that began in May 2008 with the announcement of a partnership with Golden Gate Capital. Then, last month, the company announced the closing of a $150 million senior debt facility with LaSalle / Bank of America and Wells Fargo Foothill that allows Pinnacle to maintain and service the customer relationships it creates through its sales force. "The addition of the Icon sales force and technical department will dramatically increase our growth rate and add further momentum to our business," said Christopher B. Munday, CEO of Pinnacle. "This is another important step in our long-term growth plan to become a full-service, international security company." Prescott Ashe, a managing director of Golden Gate Capital, added, "This is exactly the type of opportunity we were looking for when we partnered with Pinnacle in May. At Golden Gate Capital we currently have over $5 billion of capital available for identifying and acting on exciting opportunities like this one that help our partners differentiate themselves from their peers and become leaders in their industries." "Icon is very excited to partner with Golden Gate Capital and Pinnacle Security," said Jake Taylor, Icon's Director of Recruiting. "This relationship will help facilitate our growth as well as accomplish our goals as we look to the future. We are excited to work side by side and realize significant synergies as we combine our talent and leadership to become one of the largest home security providers in the nation." Ray Quinney & Nebeker acted as legal advisor to Icon and its management. Kirkland & Ellis provided legal advice to Pinnacle Security and Golden Gate Capital. About PinnaclePinnacle is a leading provider of residential and commercial security systems, focused primarily on direct sales. Pinnacle has sales offices in major metropolitan areas throughout the United States and is expanding internationally. Pinnacle is headquartered in Orem, Utah, where it operates its primary operational and recruiting facility. Pinnacle was founded in 2001. For more information, please visit http://www.pinnaclesecurity.com.About IconIcon Security is also a leading provider of residential and commercial security systems, focused primarily on direct sales. Icon is headquartered in Provo, Utah and was founded in 2000. For more information, please visit http://www.iconhomesecurity.com.About Golden Gate CapitalGolden Gate Capital is a San Francisco-based private equity investment firm with approximately $9.0 billion of capital under management. Golden Gate is dedicated to partnering with world-class management teams to invest in change-intensive, growth businesses. The firm targets investments where there is a demonstrable opportunity to significantly enhance a company.s value. The principals of Golden Gate have a long and successful history of investing with management partners across a wide range of industries and transaction types, including leveraged buyouts, recapitalizations, corporate divestitures and spin-offs, build-ups and venture stage investing.Pinnacle Security: http://www.pinnaclesecurity.com Icon Security: http://www.iconhomesecurity.com Golden Gate: http://www.goldengatecap.com | ||
JOIN PINNACLE | ||
 Contact | Pinnacle Security Home | COPYRIGHT©2008 Pinnacle Inc. ALL RIGHTS RESERVED. |