ADT Inc at Goldman Sachs Communacopia + Technology Conference Transcript

Feb 09, 2024

Sep 12, 2022 / 04:15PM GMT
Keen Fai Tong - Goldman Sachs Group, Inc., Research Division - Research Analyst

Okay. Let's go ahead and get started. Good morning, everyone. Please join me in welcoming Jim DeVries, CEO of ADT. Jim, thank you for being with us here today.

James David DeVries - ADT Inc. - CEO, President & Director

You bet. Great to be here, George.

Keen Fai Tong - Goldman Sachs Group, Inc., Research Division - Research Analyst

Thank you.

Questions and Answers:

Keen Fai Tong - Goldman Sachs Group, Inc., Research Division - Research Analyst

The big news last week with your announcement of the new State Farm partnership. State Farm is investing $1.2 billion for a 15% equity stake in ADT in addition to committing $300 million in funding for product and sales and marketing. Can you talk a little bit about that partnership? How it came to fruition? And then also where you see the most opportunity for synergies?

James David DeVries - ADT Inc. - CEO,

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