Corporate News
Intersec?s Senior Show Manager, Andreas Rex, Discusses Exhibition?s Ongoing Success
Andreas Rex, Senior Show Manager Intersec (Custom) By Kirsty McMahon on December 10, 2013 Messe Frankfurt’s leading security exhibition, Intersec, has played a major role in the last 15 years in reflecting the security industry worldwide. Intersec 2014, which will be held from the 19th to the 21st of January at the Dubai International Convention and Exhibition Centre, is on track to be the most successful event yet. SecurityNewsDesk has spoken to Intersec’s Senior Show Manager, Andreas Rex, for an inside look at what has made this exhibition the success it is and what we can look forward to in Dubai in January. How has Intersec grown from its inception to the and what has ensured its continued standing in the security industry? The upcoming Intersec in January will be the 16th edition. Epoc Messe Frankfurt took over the exhibition 11 years ago when they first entered the Dubai market and we have been running the show on an annual basis since. Security is a global industry with enormous potential for expansion. It is also playing an increasingly important role in the Messe Frankfurt portfolio of events. With eleven events, Messe Frankfurt is one of the world’s leading organisers of fairs and congresses for the expanding international field of safety and security technology. Eight trade fairs and three high-grade congresses in Germany, Asia, the Middle East and South America provide optimum opportunities for gaining a foothold in these dynamic growth markets. The key objectives and goals of the exhibition were to […]
Source www.securitynewsdesk.com
KKR, Bain Among Bidders For Tyco?s South Korean Unit
KKR & Co LP and Bain Capital are among suitors which have placed initial bids for Tyco International Inc’s South Korean security systems unit, a business valued at about $1.6bn, people familiar with the matter said. Billion-dollar buyouts are rare in Asia, but security companies, when they come up for sale, tend to attract much interest from private equity firms as they are valued for their stable revenues. According to Reuters , a sale of ADT Caps, would follow Bain’s $3.4bn purchase of European security firm Securitas Direct in 2011 and Blackstone Group’s acquisition of US firm Vivint Inc for more than $2bn last year. Other bidders for ADT Caps include CVC Capital Partners CVC.UL as well as Hong Kong-based Affinity Equity Partners and South Korea’s MBK Partners, the sources said, declining to be identified as the process is confidential. KKR, Bain, CVC and MBK declined to comment. Tyco and Affinity did not respond to emails seeking comment. Morgan Stanley is advising Tyco on the sale, the sources said. Morgan Stanley declined to comment. Tyco, a provider of commercial fire and security systems, became a much smaller company after the diversified conglomerate Tyco International split up last year. Its North American home security arm, ADT, became a separate company and its former flow control unit merged with Pentair Limited. ADT Caps had earnings before interest, depreciation and amortization of $160m as of the end of September 2013. The business is expected to fetch around $1.6bn, based on a ten […]
Source www.punchng.com
Allegion Rings Opening Bell In Celebration Of Trading On Public Equity Market
Source: Allegion | Date: 12/10/2013 Related tags: New York , Allegion Allegion PLC, a global provider of security products and solutions, rang The Opening Bell at the New York Stock Exchange. Allegion began trading on the public equity markets, following the spinoff from Ingersoll Rand. Allegion CEO, President and Chairman, Dave Petratis, joined by his executive leadership team on the podium for the ceremony. Additional members of the company’s management, employees and guests were also present for the celebration. “Becoming a standalone company is a pivotal moment in Allegion’s history,” said Petratis. “We have been pioneers in developing products that help keep people safe and secure around the world for centuries. We look forward to continuing that legacy as a publicly-traded company while we expand our core capabilities beyond the doorway to include more fully integrated security solutions.” Allegion provides mechanical and electronic security products and solutions for homes and businesses in more than 120 countries. It sells products under 23 global brands including CISA, Interflex, LCN, Schlage and Von Duprin. Allegion specializes in security around the doorway and beyond – from residential and commercial locks, door closers and panic release bars, to access control systems and workforce productivity systems.
Source www.asmag.com
Zwipe Raises $3.5M In Series A Funding
Zwipe , an Oslo, Norway-based global provider of biometric identity protection solutions, raised an additional $3.5m in Series A funding . Of the $3.5m, $2.5m was invested through a private placement, and the remaining $1m was a grant given by the Government of Norway. The company intends to use the funds to both expand the sales organization for the access control market, as well increase investment in technology development and application. Led by Kim Kristian Humborstad, CEO, Zwipe recently launched the Zwipe Access biometric card, which is based on a NFC (Near Field Communication) platform which users can use to authenticate themselves through pin code and fingerprint. It has no external database containing sensitive information as the fingerprint data is only stored inside the Zwipe card. The company has also added industry veteran Clas Thelin as new Chairman of the Board of Directors of Zwipe. FinSMEs 11/12/2013 Government of Norway Zwipe
Source www.finsmes.com
Avigilon (AVO) DowngradedBy RBC Capital To Sector Perform
Share on StockTwits Avigilon (TSE:AVO) was downgraded by investment analysts at RBC Capital from an “outperform” rating to a “sector perform” rating in a note issued to investors on Wednesday, Analyst Ratings Network reports. They currently have a C$31.00 price target on the stock, up from their previous price target of C$28.00. RBC Capital’s price objective points to a potential upside of 0.03% from the company’s current price. Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Avigilon from C$27.00 to C$36.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at TD Securities initiated coverage on shares of Avigilon in a research note to investors on Wednesday, November 20th. They set a “buy” rating and a C$39.00 price target on the stock. Finally, analysts at CIBC raised their price target on shares of Avigilon from C$20.00 to C$32.00 in a research note to investors on Thursday, November 7th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Avigilon presently has an average rating of “Buy” and an average price target of C$27.61. Shares of Avigilon ( TSE:AVO ) traded down 0.84% on Wednesday, hitting $30.73. The stock had a trading volume of 201,295 shares. Avigilon has a 1-year low of $10.75 and a 1-year […]
Source www.americanbankingnews.com
Universal Protection Security Systems Acquires THRIVE Intelligence
Universal Protection Security Systems. (PRNewsFoto/Universal Protection Security Systems) SANTA ANA, Calif. , Nov. 27, 2013 /PRNewswire/ — Universal Protection Security Systems, a division of Universal Services of America and one of the largest providers of security services and systems in the U.S., is excited to announce that they have acquired THRIVE Intelligence. Using an unprecedented combination of analytics, technologies and real-time monitoring, THRIVE Intelligence operates a centralized command and fusion center out of the Dallas/Ft. Worth Metroplex. (Logo: http://photos.prnewswire.com/prnh/20130717/LA49292LOGO ) “The acquisition of THRIVE Intelligence is part of our overall strategy to provide our clients with a “total security” solutions approach where we deliver more services and value to our clients than any other security provider is capable of,” said Steve Jones , CEO of Universal Services of America. “We are excited to be able to roll out this service offering to all of our clients across the U.S. and to lead the way in how security services operate in the future.” The acquisition of THRIVE Intelligence will allow Universal Protection Security Systems the ability to expand their national command center and provide the most advanced proactive security surveillance solutions available. “The addition of THRIVE Intelligence to the Universal portfolio provides a key strategic end-to-end technology solution that delivers cutting edge-based video camera analytics and monitoring services,” said Ty Richmond , Security Systems & Technology and National Accounts President of Universal Services of America. “This capability is key to our new risk mitigation monitoring and response service, and will bring […]
Source www.prnewswire.com
Canon To Grow Security Camera Business In Saudi Arabia
VB S30 (Custom) By Canon NewsDesk on November 25, 2013 Canon Middle East will be showcasing the latest range of compact S series IP cameras at IFSEC & OSH Arabia in Riyadh with the aim of continuing to grow its security camera business in the Kingdom. The leading security, safety and fire exhibition in the Kingdom, which runs over three days, brings together security and safety purchasers and suppliers from across the world. Canon will be exhibiting a selection of security cameras tailored to monitor sensitive indoor environments, including the PTZ Minidome VB-S30D, PT Minidome VB-S31D, Fixed Minidome VB-S800D and Fixed Box VB-S900F. The full HD IP cameras are set to be on display at the exhibition, which will showcase Canon’s range of security cameras highlighting the camera’s low-light shooting, smart shade control and wide angle view. Hendrik Verbrugghe, Marketing Director, Canon Middle East said, “IP Cameras have become increasingly popular in the Kingdom, due to the security sector rapidly growing in the country. We see a huge demand for IP cameras in the region and by being so strong in the imaging business, expanding our surveillance camera market will prove to become a successful venture for us.” “IFSEC is a key date in the kingdom’s security calendar. Canon’s participation at the show will provide a great opportunity to show the market what makes Canon’s security surveillance portfolio stand out from the competition. Namely: industry leading image quality, highest available technical specification and a number of features that add value […]
Source www.securitynewsdesk.com
Tyco Acquires Westfire
Tyco (NYSE: TYC) announced today the acquisition of Westfire, Inc., a leader in special-applications fire protection services with operations in the United States, Chile and Peru. Westfire provides critical special-hazard suppression and detection applications in mining, telecommunications, and other vertical markets. Their full range of fire protection services includes hazard analysis, as well as system […]
IndigoVision Announces 33% Increase Camera Sales And Record First Quarter Results
By IndigoVision NewsDesk on November 15, 2013 indigovision_group_125997 IndigoVision announce record first quarter results, a 33% increase of camera sales and, several major project wins including the overlay system for the 2014 FIFA World Cup in Brazil. “Market feedback on the IndigoVision cameras has been magnificent,” stated Marcus Kneen, IndigoVision Chief Executive Officer, “Our Enhanced HD cameras consistently win technical shoot-outs by delivering better quality video in even the most challenging lighting conditions and were voted one of the best new security products at the 2013 ASIS trade show in Chicago.” “IndigoVision continues to invest significantly in technology and will shortly announce the launch of a 20 Megapixel camera, the first ultra-high resolution camera that delivers the video quality that the security industry demands. Feedback from initial installations has been extremely positive with the camera outperforming competitors due to stunning picture detail and an unparalleled image speed of 120 Megapixels per second.” IndigoVision also announced major project wins for city surveillance in Malaysia, Sao Paulo International Airport and the third project for the 2014 FIFA World Cup. These project wins continue IndigoVision’s established pedigree for complex security projects and events, with IndigoVision’s technology being deployed for the FIFA World Cup in 2006 and 2010 as well as every Olympic games since 2004. Group revenues for the first quarter were 14% higher than the corresponding period last year. Margins were maintained in line with last year and, as planned, overheads increased following last year’s 30% increase in sales and pre […]
Source www.securitynewsdesk.com
March Networks Wins Outstanding Technology Award
OTTAWA , Nov. 8, 2013 /PRNewswire/ – March Networks ® , a global provider of intelligent IP video solutions headquartered in Ottawa, Ontario , is proud to announce that it is the 2013 winner of the Outstanding Technology Recognition Award – High Tech as recognized by the Institute of Electrical and Electronics Engineers (IEEE) Ottawa Section. The professional association will present the company with the award for its “Advanced Innovation for the Greater Public Good” tonight during its 69 th Annual General Meeting banquet at the Ottawa Convention Centre. “We selected March Networks for this prestigious award based on the company’s demonstrated product innovation, competitive success in international markets, and ongoing commitment to high-quality research and development,” said Dr. Rami Abielmona , Chair, IEEE Ottawa Section. “As a leading provider of IP video surveillance solutions, March Networks’ products play a critical role in helping commercial and government organizations worldwide identify unknown criminals, piece together events, locate missing people, and deter theft, fraud, vandalism and other crimes.” Since 2000, March Networks has developed integrated solutions that address an increasing global need for sophisticated video security, risk mitigation, fraud detection and loss prevention capabilities. With more than 40 research and development staff based in Ottawa and close to 400 worldwide, the company is focused on delivering innovative products that help organizations better protect employees, customers and assets. Locally, the company’s systems are used to safeguard multiple sites including the Canadian Tire Centre sports and entertainment facility (formerly Scotiabank Place), the Canadian […]
Source www.finanznachrichten.de
Basler AG Report Figures For First Nine Months of 2013
11.11.2013 / 06:28 ——————————————————————— – Incoming orders: EUR 51.1 million (previous year: EUR 44.5 million, +15 %) – Sales: EUR 49.1 million (previous year: EUR 41.8 million, +17 %) – Earnings before interest and taxes (EBIT): EUR 6.5 million (previous year: EUR 5.0 million, +31 %) – Pre-tax earnings: EUR 5.9 million (previous year: EUR 4.2 million, +43 %) – Pre-tax return: 12 % (previous year: 10 %) Ahrensburg, November 11, 2013 – BASLER AG, one of the leading global manufacturers of industrial cameras, is presenting today final figures for the first nine months of 2013. Incoming orders for the group amounted to EUR 51.1 million in the first nine months of 2013 (previous year: EUR 44.5 million, +15 %). The group’s sales revenues amounted to EUR 49.1 million and were thus 17 % higher than the previous year’s figure of EUR 41.8 million. The gross profit margin increased by almost 4 percentage points to 49.3 % (previous year: 45.7 %). Earnings before taxes (EBT) for the group increased by 43 % to EUR 5.9 million (previous year: EUR 4.2 million). The pre-tax return amounted to 12 % (previous year: 10 %). ‘Given continuing restrained macroeconomic conditions, the incoming order rate, promising market launch of important new products, and our strong sales positioning give us great confidence for the future’, explains Dietmar Ley (CEO). Due to these positive results, Basler increased its profit forecast for the financial year 2013 in mid-October and will henceforth assume a pre-tax return of […]
Source www.wallstreet-online.de
OnSSI Announces New Manufacturer Rep Firm For Upper Midwest
Material Handling Wholesaler Cover OnSSI announced that Core4 Technologies of Bloomington, MN will be representing sales for the company’s flagship Ocularis Video Management Software platform in North Dakota, South Dakota, Minnesota and Western Wisconsin. With 60 years of collective experience in the security and electrical markets, Core4 will play an instrumental role in further expanding OnSSI’s market share in these important territories. With Core4 Technologies as our manufacturer’s rep in the Upper Midwest, OnSSI can better support our existing customers in the territory while helping us cultivate new business opportunities,” said Brad Anderson, National Sales Manager, OnSSI. Video and event management can be better managed with Ocularis, creating a safer and more controlled environment,” said Ryan Johnson, President, Core4 Technologies. “We are excited to bring this innovative VMS solution to our customers, which we feel will further stimulate OnSSI’s growing presence in this sales territory.” Related Articles Yale takes home Aurora Award for exceptional operator training program – November 13, 2013 Felling Trailers online auction of pink trailer benefits breast cancer prevention and support – November 13, 2013 Toyota unveils grand opening of North American national headquarters – November 06, 2013 UTi named “National Carrier Partner” by Niagara Bottling – November 06, 2013 C&U Americas moves to larger facility – November 06, 2013 IDEAL names new business unit manager for precision tool group – November 06, 2013 Rimrock becomes RIA certified robot integrator – November 06, 2013 CLARK appoints new chief financial officer – November 04, 2013 Mike Weisburn […]
Source www.mhwmag.com
Alan Waxenberg Joins Polaroid Professional Security Solutions As VP Of Sales And Marketing
Published on 14 Nov, 2013 Alan Waxenberg joins Polaroid Professional Security Solutions as vice-president of sales and marketing To create and direct strategic sales, marketing and alliance plans, 30-year security industry veteran Alan Waxenberg has joined PRD International, manufacturer of Polaroid Professional Security Solutions , as vice-president of sales and marketing. “Alan’s wealth of senior-level sales and marketing management experience will help drive our vision of becoming a major international solution provider of professional surveillance solutions to our integrators and customers,” says Allan Markoff, CEO of PRD International. “His passion to excel and personable style are recognised throughout the industry. We’re fortunate to have an individual with his talent and business achievements on our team.” Waxenberg was most recently at SolidWitness, a firm he founded in 2005 that offers a broad range of security and surveillance related consulting services. These services range from review of an existing facility’s system to feasibility/cost projections for renovating or systems upgrades. SolidWitness will continue to provide its services under the direction of the company’s prominent industry consultants. Waxenberg has extensive experience in the areas of video surveillance solutions, video analytics, network security, sales engineering management and sales training/development. He has held management positions at Intergraph Corp , Avid Technologies , Avermedia , Video Insight and Sentry360 . “To elevate the Polaroid brand, we plan to deliver pinnacle surveillance solutions and technologies,” states Waxenberg. “Polaroid’s key messages will highlight quality products, premium integrator support, outstanding technical service and innovative solutions.”
Source www.sourcesecurity.com
Analyst View: CSC?s Acquisition Of ServiceMesh
John Madden Following the announcement of CSC’s acquisition of ServiceMesh, John Madden, Practice Leader, IT Services at Ovum has the following initial comments: “CSC announced more than a year ago that it would reorganize and reinvest in strategic areas to spark additional growth, and the company has been true to its word. The vendor’s announced acquisition of ServiceMesh, a 140-person, privately funded cloud management and brokerage company, is CSC’s third deal in as many months – made possible by cost-cutting and shedding some business in order to build up resources and free cash. This deal augments CSC’s overall cloud initiatives, particularly in how it accelerates CSC’s own internal IP efforts around cloud orchestration and management. ServiceMesh, with its Agility Platform, allows enterprise and public sector clients to identify which workloads should be deployed and managed in either private or public cloud models, and provides a single management and brokerage layer for hybrid cloud environments. The platform, which is used by customers such as Swisscom and the Commonwealth Bank of Australia, also provides a single point for enterprise-wide access, control and governance of cloud services. With this deal, CSC will now have capabilities to address two key elements that must be addressed as the cloud services market continues to grow: the ability to size, deploy, scale and manage hybrid cloud environments, and the need for enterprises to have proper cloud governance within their organizations . ” —ENDS— NOTE TO EDITORS To arrange an interview or for further details regarding this […]
Source ovum.com
Pivot3 Puts Former Perot Exec In CEO Hotseat
Free Regcast : Managing Multi-Vendor Devices with System Centre 2012 Ron Nash is the new CEO at Pivot3, a 10-year-old converged storage startup that has not been setting the world on fire. The company, founded in 2003 by Lee Caswell and Bob Galloway, aimed to build storage systems with server virtualisation embedded within, which it markets as “serverless computing”. Today it has more than 600 customers for its vSTAC converged storage and compute appliances, and focuses on the video surveillance and VDI markets. Rich Bravman was the CEO from November of 2011 to April this year, when he left. In August this year Lee Caswell left and joined Fusion-io as the VP for its virtualisation product group and product marketing. He was an early CEO at Pivot3, serving in that role from 2005 to 2007. When a co-founder leaves a startup for a salaried post at an alternative company, that implies the heady startup days of business-building and share options with stratospheric potential are over. Now Ron Nash has been appointed CEO: an old war horse, we might think, as he’s been Pivot3’s exec chairman since January 2005. He’s an ex-Perot Systems Corp VP, and was at EDS before that. He is also part of venture capital firm InterWest Partners and boasts a history of serving in several board positions, including multiple chairmanships. So why has he decided to up his stress levels and become a CEO again? The company statement says: ”Mr Nash will be responsible for accelerating […]
Source www.theregister.co.uk
Avigilon?s Outperform Rating Reaffirmed At RBC Capital
Avigilon (TSE:AVO) ‘s stock had its “outperform” rating reiterated by RBC Capital in a research note issued on Wednesday, AnalystRatings.NET reports. They currently have a C$23.00 price objective on the stock. RBC Capital’s price target points to a potential upside of 16.28% from the stock’s previous close. Other equities research analysts have also recently issued reports about the stock. Analysts at National Bank Financial raised their price target on shares of Avigilon from C$20.00 to C$22.00 in a research note to investors on Friday, September 27th. They now have an “outperform” rating on the stock. Separately, analysts at CIBC initiated coverage on shares of Avigilon in a research note to investors on Tuesday, September 17th. They set a “sector outperform” rating and a C$20.00 price target on the stock. Finally, analysts at Pi Financial raised their price target on shares of Avigilon from C$14.00 to C$16.00 in a research note to investors on Thursday, August 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Avigilon currently has a consensus rating of “Buy” and an average target price of C$19.36. Avigilon ( TSE:AVO ) traded up 0.30% on Wednesday, hitting $19.78. 24,866 shares of the company’s stock traded hands. Avigilon has a 52-week low of $9.03 and a 52-week high of $19.93. The stock has a 50-day moving average of $16.70 and a 200-day moving average of $14.78. The company has a price-to-earnings ratio of 61.62. […]
Source zolmax.com
Identive To Hold Third Quarter 2013 Conference Call
SANTA ANA, Calif. and ISMANING, Germany, Oct. 31, 2013 (GLOBE NEWSWIRE) — Identive (Nasdaq: INVE ); (Frankfurt:INV) will hold an audio webcast and conference call to discuss the results of its 2013 third quarter on Thursday, November 7, 2013, at 5:00 PM Eastern time. Jason Hart, CEO, and David Wear, CFO, will host the webcast and conference call for financial analysts and investors, which will be followed by a Q&A. The webcast and conference call will be open to all interested investors . The audio webcast can be accessed by visiting the Investor Relations section of the Company’s website at www.identive-group.com , and clicking on “Presentations, Reports & Webcasts.” The conference call can be accessed by dialing 888.771.4371 (toll free within the U.S.) or +1 847.585.4405 (for international callers) and using passcode 36033941. For those unable to attend the live webcast, it will be archived following the event for 30 days in the Investor Relations section of the Company’s website. A replay of the call will be available for one week and can be accessed by dialing 888.843.7419 (toll free within the U.S.) or +1 630.652.3042 (for international callers) and using passcode 36033941. About Identive Group Identive Group, Inc. (Nasdaq: INVE ); (Frankfurt:INV) provides products and solutions that address the markets for identity management, physical and logical access control, NFC solutions and a host of RFID-enabled applications for customers in the government, enterprise, consumer, education and healthcare sectors. CONTACT: Identive: Darby Dye, +1 949 553 4251, [email protected] Lennart Streibel, […]
Source www.benzinga.com