Verizon and Vector Security Forge Alliance to Offer Integrated Home Networking and Security Solutions

Strategic Insights -

Verizon Connected Solutions, a subsidiary of Verizon Communications, has partnered with Vector Security to offer builders a package of state-of-the-art home networking infrastructure and security products in their new homes. The Verizon Ready package is a flexible and expandable home network that supports DSL service, satellite TV, in-home computer networks, home theater, closed-circuit TV, and intercom systems. This alliance aims to simplify the decision-making process for new homebuyers by providing a one-stop-shop for complete home networking infrastructure and wiring services.

Key Takeaways:

  • The Verizon Ready package is a flexible and expandable home network that supports multiple services, including DSL, satellite TV, in-home computer networks, home theater, closed-circuit TV, and intercom systems.
  • The alliance between Verizon Connected Solutions and Vector Security will allow builders to purchase security systems at the same time they buy and install Verizon Ready, making it easier for homebuyers to incorporate security systems into their new homes.
  • Vector Security, the nation's eighth-largest electronic security systems provider, will jointly market Verizon Ready and Vector's security services to builders.
  • Most major homebuilders in Verizon Connected Solutions' current service territory install Verizon Ready as a standard package in their homes, and now builders can include security systems as part of that package.
  • Verizon Connected Solutions is the largest provider of premises communications infrastructure in the nation, with a workforce of nearly 3,000 technicians and 2.5 million telephony and premises communications jobs performed per year.
  • The company specializes in the design and installation of premises communications products and services for voice, data, video, and audio applications, including home offices, home networks, LAN networks, WAN networks, ISDN, ADSL, home entertainment, digital video, and interactive multimedia services.
  • Vector Security has 24 branch office locations throughout the Mid-Atlantic States and was recognized as the industry's second-fastest-growing electronic security systems provider in 1999.
  • The partnership between Verizon and Vector Security aims to position them as the home building industry's one-stop shop for complete home networking infrastructure and wiring services.

Statistics:

  • 101 million access line equivalents and 26 million wireless customers in the United States (Verizon Communications Inc.)
  • 40 countries in the Americas, Europe, Asia, and the Pacific where Verizon's global presence extends (Verizon Communications Inc.)
  • Approximately $60 billion in 1999 revenues (Verizon Communications Inc.)
  • Nearly 3,000 technicians in the workforce (Verizon Connected Solutions)
  • 2.5 million telephony and premises communications jobs performed per year (Verizon Connected Solutions)
  • 24 branch office locations throughout the Mid-Atlantic States (Vector Security)

Sources:

  • Verizon Communications Inc. (NYSE: VZ)
  • Vector Security
  • Verizon Connected Solutions
  • Vector Security's web site: http://www.vectorsecurity.com
  • Verizon's News Center: http://www.verizon.com/news