Gold and stock
Edward Calahan invents the stock ticker and forms the Gold and Stock Telegraph Company. This opens the door for New York brokerage firms to get up-to-the-minute information from the stock exchange floor. The Gold and Stock Telegraph Company also develops a messenger system that sends instructions to and from the stock exchange floor.
The Break-In And
New Security System
The president of the Gold and Stock Telegraph Company, Elisha Andrews, wakes up and finds a burglar in his home. Calahan creates a telegraph-based alert system for Andrews' home and eventually connects 50 of Andrews' neighbors to a central station where all the alert boxes are monitored. This system quickly expands throughout New York City.
American District Telegraph is formed
Calahan helps create the American District Telegraph (ADT) Company, which consolidates over 50 local alert system companies in the New York area.
Police and Fire Alerts
ADT expands its messenger and alarm services to include standardized police and fire alerts, in addition to messenger services for calling doctors and carriages.
Western Union Buys ADT
The President of Western Union, Colonel R.C. Clowry, buys a controlling interest in 80 Direct Messenger Companies, including the original New York-based ADT. He consolidates these businesses under the name American District Telegraph. Clowry sees the long-term benefit of security services and the eventual decline of messenger services, so he separates the two within the company and makes ADT the security services branch of the business.
Purchased by AT&T
In an effort to expand its communication network, AT&T buys Western Union and its subsidiary, ADT.
Just five years after the Western Union acquisition, the Justice Department declares AT&T a monopoly and forces it to sell its interests in Western Union, ADT, and other subsidiary companies.
ADT continues to expand and create new technology for burglar and fire alarm systems.
ADT Goes Public
ADT becomes a publicly traded company on the New York Stock Exchange, which prompts expansion overseas.
ADT continues to revolutionize the security industry with new technology and creates the first automated "Central Station" call center.
ADT introduces microcomputer based security systems, which replace the old telephone network based call boxes.
Number of Customers
Renamed ADT Security
Lord Ashcroft, the owner of the Bermuda-based Hawley Group, Ltd., buys Crime Control, Inc., the 4th largest security company in the U.S. Later that year, he buys ADT, which merges with Crime Control Inc. Ashcroft renames the company ADT Security Systems, Inc.
Tyco International Ltd. acquires ADT. Lord Ashcroft sells most of his company stock and joins the Tyco board of directors.
Broadview Becomes ADT
ADT pays $2 billion to acquire Broadview Security (formerly Brinks), the 2nd largest security company in the U.S.
ADT Goes Public
Tyco International introduces ADT as an independent, publicly traded company.
America's #1 Security Provider
ADT continues to be the #1 security provider in America, offering business and residential security monitoring services to over 6 million customers across the U.S.
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