The Brink’s name provides us with a more dynamic growth profile and strengthens MONI’s position as a leader in the growing smart home security market. Through this agreement with Brink’s, we will go to market with the number two nationally recognized home security brand that symbolizes strength, security and most importantly, trust. Jeff Gardner, MONI’s president and CEO says, “A strong brand is critical in the new era of the smart home. The rollout of the Brink’s Home Security brand, which will result in a complete rebranding of MONI, is expected to be completed in the second quarter of 2018, according to an announcement. The agreement provides for an initial term of seven years and allows for subsequent renewal periods, subject to certain performance metrics, that extend the agreement beyond 20 years. Our shareholders will benefit from the reintroduction of the Brink’s brand into this segment through increased brand equity and recurring royalty income.”įirst-year royalties are expected to total approximately $5 million and could more than double if the business grows as planned. We look forward to helping them accelerate their growth as the new Brink’s Home Security. With approximately one million subscribers, MONI is one of the largest and most reputable home security companies in the U.S. This agreement represents an exciting milestone that provides a foundation for us to further leverage an already powerful brand. ![]() Related: MONI CEO on Bringing Brinks Branding Backīrink’s President and CEO Doug Pertz says, “For over 150 years, the Brink’s name has been synonymous with trust, safety and security.
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