ADT Acquires Origin Wireless in $170 Million Deal

ADT Inc. (NYSE:ADT) is one of the 12 Best Stocks Under $10 to Invest In Right Now. On February 24, ADT Inc. (NYSE:ADT) announced that it has acquired Origin Wireless, Inc. for $170 million in cash. This transaction will bring Origin’s AI sensing platform and related intellectual property into the company’s business.

Origin AI’s sensing technology helps home solutions to better detect and classify motion and identify human presence without the need for camera, audio, or wearable devices. After the technology is integrated into ADT Inc.’s (NYSE:ADT) platform, it is expected to support new customer use cases and safety improvements by offering a better understanding of presence, occupancy, motion, and related activity inside the home.

By acquiring Origin Wireless, Inc., ADT Inc. (NYSE:ADT) also gets access to a rich portfolio of over 200 early-priority global patents. These patents offer a core intelligence layer that can support future security and smart home solutions, including applications that support aging in place.

According to the report, ADT Inc. (NYSE:ADT) expects to start commercializing new products and solutions that use Origin’s AI sensing technology in 2027.

ADT Inc. (NYSE:ADT) provides security, interactive, and smart home solutions for residential and small business customers in the US.

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