Corporate News
Milestone Systems Announces New Chief Technology Officer
Milestone Systems, the leading open platform company in video management software (VMS), announced today that Bj?rn Skou Eilertsen, former Vice President Business Unit Corporate Products, will take on a new role as Milestone?s Chief Technology Officer (CTO).
Seagate Technology PLC: Video Surveillance Market Faster And Bigger Than Expected
Analyst Ananda Baruah at Brean Capital maintained a Buy rating for shares of Seagate Technology PLC (NASDAQ:STX), along with a Price Target of $42 for the stock. The analyst in a research note on the company mentioned that the market for video surveillance is a much larger one and is also growing at much steadier pace than expected.
Louroe Electronics CEO Richard Brent to Speak at Securing New Ground 2016
Louroe Electronics, world leader in audio monitoring technology in the security industry, is proud to announce that its CEO, Richard Brent, has been selected to present at Securing New Ground (SNG) 2016. SNG, presented by the Security Industry Association (SIA), is the industry?s top executive conference and will be held Oct. 19-20 at the Grand Hyatt New York.
Axis And Canon Announce Change Of Global Sales And Marketing Framework For Network Video Portfolio
Axis Communications and Canon, Inc. announced an agreement under which the two companies would change their sales and marketing efforts in major regional markets worldwide. In Europe, the Middle East and Africa (EMEA) and North America, Axis will assume responsibility for the marketing and sales of Canon?s entire network video product portfolio, starting in EMEA on September 1 and in North America on October 1.
Security.World?s Physical Security and Video Surveillance Market Influencers: 2016 Results
Security.World has tabulated the votes of the 2016 Physical Security And Video Surveillance Market Influencer Survey. We asked the Security.World community who they thought had great insight into the physical security and video surveillance markets and who?s market advice needs to be followed? CONGRATULATIONS To the 2016 Recipients!
See the 2016 Top 12 Industry Influencers Here.
Tyco Celebrates Kantech’s 30 Years Of Access Control Innovation
Tyco Security Products is proud to announce that the Kantech access control product line is celebrating its 30th year, marking a history of innovation, integrity and usability to make it one of the most well-known and respected access control brands in the market today. From its first KT-100 and KT-200 door controllers to its integrated INTEVO, its complete security solution, and KT-1 door controller with single button enrollment, Kantech has redefined the user experience for small to medium sized businesses globally by offering innovative and technologically progressive solutions that are easy to deploy, configure and manage.
Video Surveillance Service Market Valued At $1.5B By 2020
Technavio, a U.K.-based global technology researcher, has published a report on expected growth areas in the global security as a service market, estimating that by 2020, the overall market for what it terms ?video surveillance as a service? (VsaaS) will be valued at US$1.5 billion.
Avigilon Reports Record Revenue; Stock Plummets
Although Avigilon Corporation (AVO.TO) recently reported their financial results for the six months ending June 30, 1016, it hasn?t been well received for the Toronto-based security solutions provider. In order to achieve those record revenue figures, the company had to slash prices on many of its popular products. This means much lower operating margins and their earnings per share are half of what they were last year. Much of this is in direct response to Chinese companies, such as Hikvision and Dahua, taking a larger share of the market with a low-price strategy. Therefore, Avigilon has had to make some significant price adjustments to remain a market contender.
Qognify To Demo Advanced Security Portfolio At ASIS
Qognify, formerly NICE Security, will showcase its market-leading portfolio at ASIS International in Orlando Florida, September 12-14. With significant advancements to its security portfolio, Qognify will be demonstrating its multi-award winning solutions in booth 3451.
ONVIF Chairman To Keynote IoT And Standards Webinar From Memoori
ONVIF®, the leading global standardization initiative for IP-based physical security products, is pleased to announce that Per Bj
Sensity Systems Acquires Leading Computer Vision Systems Provider Eutecus
Sensity Systems Inc., provider of a leading Internet of Things (IoT) platform for Smart Cities, announced it has acquired Eutecus, an embedded software and configurable processor solutions provider for critical video and multi-sensory analytics systems. The combined company will provide customers with leading computer vision powered solutions in a comprehensive IoT platform for Smart Cities.
2016 Physical Security Industry Influencers: VOTE NOW!
Scroll down and read about the 2016 Security.World Industry Influencers then vote for who you believe influences our industry the most. Who do you believe has great insight into the physical security and video surveillance markets that their advice needs to be followed? Who do you make sure you check out as a conference speaker, or follow closely on twitter, or read all their blogs? Below is a list of nominations submitted during July. Vote now and Security.World will accept and count the votes our community submits for the industry leaders and market influencers. Who do you vote for?
Vicon Industries CEO Eric Fullerton Resigns
Vicon Industries CEO Eric Fullerton has resigned August 1, and his last day at Vicon was Friday, August 5, 2016. This comes less than two years after joining Vicon (NYSE: VII). Fullerton also is stepping down from his role as a director of the video surveillance company, the company announced in a SEC 8K filing.
Global Heavyweight Enters Security Business: Meet NTT Security Corp
NTT Security Corporation (abbreviated to NTT Security; Head Office: Minato-Ku, Tokyo; Chief Executive Officer: Jun Sawada) has started its operations as a specialized security company of NTT Group on August 1st, 2016, bringing together NTT?s advanced analytics technologies, threat intelligence and security experts. NTT Security delivers industry-leading Managed Security Services (MSS) and specialized security professional services that support the Full Security Life Cycle. These services will be taken to market globally, and client engagement will be managed by NTT operating companies Dimension Data, NTT Communications and NTT Data.
IDIS Expands To Support Middle East Growth
IDIS has appointed Wael Tanoukhi to the position of Technical Manager to support its growing customer base in the Middle East and North Africa (MENA). Based out of the IDIS MENA regional headquarters in Dubai, Wael will lead pre- and post-sales technical support across the region. He will also oversee the IDIS training program for both installers and end-users as well as driving product-marketing initiatives across the region. With a strong technical background, Wael brings with him over eighteen years? experience of delivering tightly integrated security and ICT solutions.
Video Surveillance Market Gets More Concentrated – But Not Mainly Through Acquisition
The year 2013 was a pivotal one for the video surveillance industry, because it was when predictions of market concentration started to become a reality. It was also when the estimated market share of the top 15 video surveillance equipment suppliers jumped 10 percentage points over the previous year?s share. In short, 2013 was when the video surveillance market finally started to mature. But that is not the whole story. Supply was —and is— becoming more concentrated, but it was not primarily the result of the many acquisitions the industry has experienced in recent years.
OnSSI Adds EOS Australia To Its Growing Distribution Network
OnSSI, the market leader in open-architecture and intelligent IP video surveillance software, has named EOS Australia Pty Ltd as the latest firm to join their distribution network. The organization supported by Brassets International Pty Ltd (OnSSI?s Master Distributor for the region) will manage wholesale sales activity for OnSSI across Australia and New Zealand.
Carole Dougan Retires From Arecont Vision As Vice President North American Sales
Arecont Vision®, the industry leader in IP-based megapixel camera technology, has announced the retirement of Carole Dougan as Vice President of North American Sales. During Ms. Dougan?s tenure with Arecont Vision, the company dramatically grew its business in North America. North American sales are on plan for the first half of 2016, achieving significant year-to-date growth over the same period in the preceding year.
Milestone Announces Two New Strategic Partnerships
Milestone announced two new strategic partnerships at the recent IFSEC tradeshow in London, England. This direct result of the Milestone commitment to the partner and customer communities serves to enhance the solution power for the communities. The first partnership is with Dell OEM Solutions. This partnership brings high-performance server solutions to the EMEA market and partner communities of Dell and Milestone. The second strategic partnership is with Neda.
Melrose Industries PLC To Acquire Nortek, Inc.
Melrose Industries Plc, a UK-based investment firm has announced that is has acquired Nortek, Inc., a global company with brands including 2GIG, NuTone, and Elan. It is unclear at this time what direction this has for Nortek Security & Control, which specializes in residential security and home automation products and services.