On Monday, ADT announced that it will be partnering with Google on a new line of smart home security products. <br />Business Insider reports shares of ADT surged as much as 100% Monday to an all-time high of $17.21.<br />Google will invest $450 million for a 6.6% ownership stake in ADT.<br />The partnership will combine Nest hardware and services with Google technology and ADT's installation, service, and professional monitoring network.<br />The partnership is focused on residential and small business security.<br />The products and services will be available for both do-it-yourself and professional installation.
