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Google to invest $450M in smart home security solutions provider ADT

Google said on Monday it will invest $450 million in ADT and work with the Florida-headquartered firm’s 20,000 technicians to sell and install the search giant’s Nest family of smart home products.
As part of the long-term investment — which is granting Google a 6.6% stake in ADT — the two companies will first attempt to reach more individual consumers and small businesses, and then work on building and selling next-generation smart home security offerings, they said.
Both companies have also committed $150 million each — provided they reach certain milestones — for co-marketing, product development, and investment in technology and employee training.
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