acquisition
Google’s Nest To Acquire Dropcam For $555 Million
After much speculation, Google-owned Nest has officially acquired connected-camera company Dropcam. The company announced the deal in a blog post today; it comes out to $555 million in cash, Re/code reported. Dropcam will remain independent until the deal closes, and it will then proceed to integrate with Nest. From Nest founder and engineering head Matt […]
Ripple Effects Of Canon Milestone Union
The ripple effects of the recent acquisition of Milestone by Canon are far reaching and significant, especially in this global village of a world we operate in. It would be interesting to know if the Milestone and Canon executive teams truly appreciated the impact their business transaction would have on so many businesses around the […]
Tri-Ed Acquires SecurityPro Warehouse
Tri-Ed, North America?s largest independent security distributor, is pleased to announce its further expansion with the acquisition of SecurityPro Warehouse (SPW), a leading wholesale security distributor in the Louisiana market. Tri-Ed will maintain the SPW location at 3307 Kingman Street, Metairie, LA and move its current New Orleans branch into that 10,000 square foot facility. […]
OnSSI’s Corporate Response To Canon’s Acquisition Of Milestone
From Kenneth LaMarca, Vice President of Sales and Marketing, OnSSI As I am sure you have heard by now, Milestone Systems has been acquired by Canon. I am writing to assure you, our valued customer, that this change will have significant positive impact on OnSSI as a company, Ocularis as a product line and you […]
QEOS Leaps Forward With US$40M Silicon Valley Acquisition
KUALA LUMPUR, Malaysia — Quantum Electro Opto Systems Sdn Bhd (QEOS) has acquired Silicon Valley-based Centric Technologies LLC’s Intellectual Property (IP) assets and people in a US$40 million (RM129 million) deal that announces its global ambitions. QEOS is a Malaysia-based provider of high-speed, low-power connectivity and intelligent video security solutions. According to Dr Gabriel Walter, […]
Costar Technologies To Acquire CohuHD
Costar Technologies, Inc. (OTC Markets Group: CSTI) announced today that it has signed a definitive agreement to acquire CohuHD, the camera products and video solutions division of Cohu, Inc. (NASDAQ: COHU). The purchase price for
Universal Protection Security Systems Acquires CityWide Electronic Systems
Universal Protection Security Systems, a division of Universal Services of America and one of the largest providers of security systems in the U.S., is proud to announce the acquisition of City-Wide Electronic Systems, Inc, a family-owned business that provides a broad range of security monitoring, alarm services and automation to more than 2,000 commercial customers […]
Xentry Acquires AcreeDaily Integrated Systems
Systems integrator Xentry Systems —which was launched from Matrix Systems in January— expects to hit $25 to $27 million in revenue in 2014, thanks in part to the acquisition, announced May 21, of Acree Daily Integrated Systems, an integrator based in Miamisburg, Ohio. “Our management vision is to build this big,” Matrix Systems CEO Holly […]
Google Considers Acquisition Of Home Security Firm Dropcam
Google seems to have a keen interest in home automation systems, something that perhaps fits in with its Internet-of-Things vision. Now, the company is reportedly considering acquiring Dropcam, a home security firm that creates affordable and connected security cameras. The last major foray that Google made into home automation was the acquisition of Nest. Google […]
ADT Secures Larger Canadian Market – Acquires Protectron
ADT Corp. is locking up a bigger piece of the Canadian security monitoring market, spending $555-million to buy Reliance Protectron Inc. to add 400,000 home and business customers. Protectron will remain based in Montreal and will keep operating under that name, while ADT?s existing Canadian operations will retain the ADT brand. Florida-based ADT said that […]
Cross Match Acquires DigitalPersona
Cross Match has announced the acquisition of DigitalPersona and the appointment of Rich Agostinelli as CEO of the new combined company. The definitive merger agreement between Cross Match and DigitalPersona will see the two companies combined and remain headquartered in Palm Beach Gardens, Florida. According to the companies, the new merger now makes them the […]
French Perimeter Solutions Provider Sorhea Acquires Protech
Perimeter security solutions manufacturer Sorhea has acquired Reno, Nev.-based Protech, which specializes in high-security outdoor intrusion sensors, expanding the global reach of the French company, which does business in Europe, the Middle East and North Africa. “The merger with Protech further increases Sorhea’s market share in the USA, Canada and the Americas,” said Eric Thord, president […]
Digital Watchdog Acquires Award Winning Innovative Security Designs IP-Camera Manufacturer
The NVRPRO Network Video Recorders from Genie CCTV come with Dual Network Cards which enable connection to different network segments. This maximises network efficiency and improves CCTV security the makers say. The Dual IP Application allows users to communicate between remote WAN access and the IP video system without compromise to the separated recording networks bandwidth. It also reduces susceptibility of unauthorised access to the recorder and the IP cameras. Besides the security and data protection, Genie says its product makes the management of video much easier and more flexible. A range of WAN IP addresses can be stored into the product management set up programme which only allows authorised security managers and users to access the system. Within the LAN IP Management System only administered LAN IP addresses can access video, meaning that non-registered LAN computer users cannot interfere with the system. Having a video network dedicated to one of the LAN ports on the recorder alleviates network bandwidth requirements, the manufacturers add, as only the IP cameras reside on this private ‘video network connection’. This means authorised WAN/ Intranet/Internet users do not ‘load traffic’ within the video surveillance network. Web: www.geniecctv.com
Interview With : Avigilon CEO Alex Fernandes Talks About The Acquisition Of VideoIQ
Interview With : Shlomi Palas, CEO of Bluesphere Interview With : Avigilon CEO Alex Fernandes talks about the acquisition of VideoIQ Interview With : Avigilon CEO Alex Fernandes talks about the acquisition of VideoIQ Views: 17 The grainy video that an old surveillance camera produces may not just be useless in determining who just made off with the goods, it could represent the simplest and most effective way for a business to reduce costs. High-definition video-surveillance, the kind done by Vancouver’s Avigilon, is winning more and more converts because the picture it produces is admissible in court, meaning a camera becomes more than a simple deterrent. So what’s the next step? Analytics. On December 31st, Avigilon announced it had acquired U.S.-based video analytics company VideoIQ, for $32-million. VideoIQ’s futuristic BRAIN technology (Bootstrap Response Active Intelligence Node/Network) learns and adapts, producing a surveillance system that actually gains functionality as it goes. Recently, we talked to Avigilon CEO Alex Fernandes about the acquisition. Alex, Why did you acquire VideoIQ? VideoIQ provides sophisticated, commercially proven analytics technology supported by one of the leading analytics development teams in the industry. The company’s analytics solution complements Avigilon’s innovative line of high-definition video surveillance and IT-friendly access control products.Specifically, VideoIQ is the best fit for Avigilon because the company has the strongest sales, a robust and effective technology and products with the greatest ease of installation. How does VideoIQ’s intellectual property complement existing Avigilon products? The integration enables us to provide end-users with an open, […]
Source www.viewsline.com
HID Global Acquires Biometric Leader Lumidigm, Enhances Authentication Portfolio
AUSTIN, Texas–( BUSINESS WIRE )– HID Global ®, a worldwide leader in secure identity solutions, today announced the acquisition of Lumidigm® , a global leader in authentication solutions that use multispectral imaging technology, software, and biometric fingerprint sensors to authenticate identities with a high degree of certainty. The acquisition extends HID Global’s authentication portfolio while positioning the company to deliver a variety of new secure identity solutions. “Lumidigm’s proven product portfolio will enhance our current strong authentication offerings, especially for healthcare, financial institutions and other high-security environments,” said HID Global President and CEO Denis Hébert . “The company has unique technology protected by a large patent portfolio and proprietary algorithms and has achieved strong penetration in key emerging markets including South America and Africa. Additionally, Lumidigm has a premier global customer base across multiple strategically important markets. We are extremely pleased to have Lumidigm’s talented team join the HID Global family.” Lumidigm’s technology solves problems with traditional biometric technology, whose contact-based measurement accuracy is degraded by non-ideal skin condition, poorly-defined or damaged fingerprints, and adverse environmental conditions. In contrast, multispectral imaging technology uses multiple light spectrums and advanced polarization techniques to extract unique fingerprint characteristics from both the surface and subsurface of the skin. This additional data enables multispectral imaging-based solutions to deliver the highest-quality fingerprint image and to more effectively discriminate real from imposter or “spoof” fingerprints. “This acquisition will enable Lumidigm to take advantage of HID Global’s size, channel and product development strengths to exploit a variety […]
Source www.businesswire.com
Avigilon Signs Definitive Agreement To Acquire Video Analytics Company VideoIQ
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Euromicron Extends Security Expertise With Two Acquisitions
German network infrastructure services provider Euromicron is acquiring SIM Secure Information Management, based in Rhineland-Palatinate, and ATEC Advanced-Technology Solution from Switzerland. The deals are part of the company’s long term strategy of expanding its production expertise in the field of high-tech security and surveillance technologies, in particular all types of optoelectronic and microelectronic products. Euromicron is acquiring 80 percent stakes in each of the two companies, which develop tailored product and system solutions such as laser-based video surveillance systems, automatic sign recognition, mobile mesh networks, tap-proof mobile communications and radiation-proof building infrastructures for mobile and fixed-line communication via fibre optics. The companies generate sales in the lower double-digit million euro range. The purchase price is in the single-digit millions. The existing managing partners and company founders will continue to manage the group and remain co-shareholders with a 10 percent stake each.
Source www.telecompaper.com
Panasonic?s Cameramanager.com Ranked In Deloitte’s Technology Fast 500 EMEA List
Published on 13 Dec, 2013 The Technology Fast 500 awards act as an industry benchmark signifying a company’s accomplishment to shareholders and venture capitalists The Cameramanager.com team joined Panasonic Europe in July 2013 Panasonic System Communications Europe is delighted to announce that Cameramanager.com , a leading provider of Video Surveillance as-a-Service (VSaaS) in Europe, has been ranked in the 2013 Fast 500 Fast Growing Technologies Companies in EMEA by Deloitte. Panasonic recently made the announcement of the acquisition of Cameramanager as it extends its cloud-based solutions to the business and consumer markets. As part of the acquisition, the Cameramanager.com team joined Panasonic Europe in July 2013. “This acquisition is an important strategic step towards enhancing our smart and connected services offering in the European and CIS market,” said Laurent Abadie, Chairman and CEO, Panasonic Europe. “With Cameramanager.com’s bespoke software and cloud-based solutions complementing our existing security business, we will be able to significantly enhance our presence in this space, by bringing together technical know-how and software skills and equipping us with the necessary assets to respond to future demands in cloud services”. The Technology Fast 500 awards act as an industry benchmark signifying a company’s accomplishment to shareholders, venture capitalists and industry analysts alike and are a fantastic way for companies to build on their eminence. Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries.
Source www.sourcesecurity.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
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