Google He said he will invest $ 450 million in ADT and work with the Florida-based firm's 20,000 technicians to sell and install the research giant's Nest family of smart home products.
As part of the long-term investment - which is giving Google a 6.6% stake in ADT - the two companies will seek before reaching more individual consumers and small businesses, then they will work to build and sell security offers for the next-generation smart home, they said.
Both companies also pledged $ 150 million each - provided they meet certain milestones - for co-marketing, product development and investments in technology and employee training.
Over time, Nest the devices will improve ADT's security monitoring and become the "cornerstone of ADT's smart home offering," said Rishi Chandra, Nest vice president and GM, in a blog post.
"The goal is to offer customers fewer false alarms, more ways to receive alarm events and better detection of potential accidents inside and outside the home. It will also provide people with more useful notifications that make everyday life more comfortable, such as packet detection. ADT customers will also have access to Nest Aware, a service that keeps people informed of important events at home, including smart alerts and recording of event history for up to 30 days, "he wrote.
ADT's shares have more than doubled in pre-market trading on the ad.
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