From the perspective of ADT, which is the largest provider of alarm monitoring and installation services for the residential and light commercial market in North America, Boerema said that being independent will enable the firm to grow its service offerings and expand into multiple areas including home and business automation, energy management and lifestyle offerings such as home healthcare solutions and entertainment. "In fact, we probably have more opportunities than we can actually capitalize on, so we need to prioritize those," he added.
Boerema said the only real challenge with the separation for ADT are the physical ones of actually moving offices and people. The company will be headquartered in Boca Raton, Fla. and operate as a U.S.-based company
The separation has also meant senior leadership changes for ADT. Former ADT President John Koch, who left the company to pursue another opportunity, according to Boerema, has been supplanted by Naren Gursahaney, who formerly served as president of Tyco Security Solutions. In addition, Kathryn Mikells has been named as the company’s new chief financial officer and Tony Wells has been tapped to serve as chief marketing and customer officer. ADT also has a new board of directors as a result of the separation.
"I look at (becoming independent) as more of an opportunity where we can grow faster and it’s really not a challenge; it’s more about removing some of the barriers that we had before," Boerema explained. "From a company standpoint, Tyco has to deploy capital across these different businesses around the world. For us now, we can focus specifically on the North American market."
According to Boerema, there are three ways for ADT to grow which include increasing the overall market penetration of security and automation systems, expanding the share of the market that currently uses the company’s services and getting customers to buy additional services.
"The industry is evolving a lot, so it’s a pretty exciting time for the industry and it’s something that we’re very excited about," he said.