DirecTV acquired wireless home security provider LifeShield for an undisclosed amount, the Philadelphia Business Journal reported. The move is the El Segundo, Calif.-based satellite TV company’s way of getting into the security business, as competitors Comcast and Verizon already have done.
In 2010, back when the Langhorne company was headquartered in Yardley, it raised $11 million from local sources like Novitas Capital, NewSpring Capital and First Round Capital.
All 105 LifeShield employees will continue working for the company and remain in Langhorne, said LifeShield spokeswoman Allison Gumbs.
LifeShield is currently led by Michael Hagan, former CEO of Nutrisystems.
Before you go...
Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!
The person charged in the UnitedHealthcare CEO shooting had a ton of tech connections
From rejection to innovation: How I built a tool to beat AI hiring algorithms at their own game
Where are the country’s most vibrant tech and startup communities?
