industry
Iveda Recruits Cory Miller As Vice President Of Business Development
Iveda® ( OTCQB:IVDA), the pioneer in cloud video hosting technology, announced that Cory Miller has joined the Company’s management team as vice president of business development. "Cory’s proven business development skills and experience in the SaaS and VoIP market space made her perfect for this newly created management position," stated David Ly, chairman and CEO […]
Cloud Video Surveillance Innovator Smartvue Corporation Expands Again
Smartvue Corporation announced the closing of a $3.85 million Series A investment to support its growth as one of the world’s leading cloud video surveillance platform companies. Headquartered in Nashville, Tenn., Smartvue’s expansion includes a dozen newly hired employees and a new, larger office space to meet the demands of its dramatic growth. Smartvue plans […]
Vicon And IQinVISION Announce Merger Agreement
Vicon Industries, Inc. (VII: NYSE-MKT) (?Vicon?), and IQinVision, Inc. (?IQinVision?), a privately held California corporation, announced today that they have entered into a definitive merger agreement that is expected to create a global provider of integrated solutions to the video security market. Vicon is a designer and producer of video security and surveillance systems. IQinVision […]
Brivo?s Van Till Honored With ISC West Signature Series Appearance
What technologies are assets or liabilities to your organization’s security initiatives? What are the latest and greatest products driving consumer purchases? The answers are at ISC West. Join Steve Van Till, President & CEO, Brivo Systems, and a host of industry luminaries for ?The Great Debate 2014: Use It or Lose It!? on Wednesday, April […]
WavestoreUSA Appoints Susan Brady To Lead Marketing Efforts
WavestoreUSA, a provider of professional digital video and audio recording solutions for video surveillance applications, has appointed Susan Brady as Marketing Manager effective immediately. She reports to Mike Scirica, President, WavestoreUSA. Brady is a seasoned industry professional who most recently served as Managing Director of IP UserGroup USA. Previously, Brady was Editor-in-Chief of Security Dealer […]
Global Biometric System Market 2014-2024 – Competitive Landscape And Strategic Insights
Competitive Landscape and Strategic Insights report in the Global Biometric Systems market clearly identifies promising areas for future growth, both in terms of lucrative geographies and biometric systems. The analysis will provide you with identification of market drivers augmenting its provision of data on the current industry size and growth expectations to 2024. This report […]
Carlyle To Buy Tyco South Korea Security Unit For $1.93 Billion
March 3 (Bloomberg) — Carlyle Group LP agreed to buy Tyco International Ltd.’s fire and security business in South Korea for $1.93 billion, the country’s largest private-equity buyout deal in U.S. dollar value in more than five years. Tyco is selling Tyco Fire & Security Services Korea Co. and units that form the ADT Korea security business, the company said today. Switzerland-based Tyco said net cash proceeds are expected to be $1.85 billion, and the board added $1.75 billion to its stock buyback authority, for a total of $2 billion. “ADT Korea is a highly stable and profitable business with attractive market positioning, strong brand power and excellent cash flow profile,” Sanghyun Lee, managing director on the Asia buyout team for Washington-based Carlyle, said in a statement. Lee said South Korea’s security industry is “under- penetrated.” Carlyle’s purchase follows investments of more than $920 million of equity in 17 transactions in South Korea as of Dec. 31, 2013 and is also the largest private-equity buyout in the country since 2008, according to the company. The firm’s current and former investments in Korea include KorAm Bank, Hyundai HCN, EO Technics, Tapex and Yakjin Trading. Equity for the transaction will come from Carlyle Asia Partners IV and Carlyle Partners VI, Carlyle said. Carlyle Group has committed debt financing from Korea Exchange Bank, Kookmin Bank, Industrial Bank of Korea, Korea Investment & Securities and UBS AG. Stock Reaction Carlyle fell 2.2 percent to $35.47 at 11:38 a.m. in New York as major […]
Source www.swissinfo.ch
Event Notice: SECURITY SHOW Japan 2014
SECURITY SHOW is Japan’s largest comprehensive exhibition of security and safety industry. It showcases a wide spectrum of products, technology, systems and services to protect offices, store, public facilities and homes from crimes, information leakage and other hazardous conditions. Its exhibits include video surveillance systems, access control systems, information security systems and many security related products.
Source messe.nikkei.co.jp
Axis Communications: 30 Successful Innovative Years
Lund, February 27, 2014 Axis Communications is celebrating its 30th anniversary. Founded in 1984 in Lund, Sweden, Axis has developed innovative products, solutions, and technologies throughout its history. By constantly staying on technology’s leading edge, Axis is the global market leader in network video and continues to drive industry innovation by launching pioneering products and solutions. Axis is constantly developing and revitalizing itself as a company—a critical success factor that explains the company’s growth. Martin Gren, Mikael Karlsson, and Keith Bloodworth founded Axis in 1984. Then, the company developed and sold network printing solutions. A strategic shift and launch of the world’s first network-based surveillance camera laid the foundation for the Axis of today: a global market leader in network video, whose intelligent security solutions enable a smarter, safer world. “We’re very proud of everything we’ve accomplished during these past 30 years,” says Ray Mauritsson, president, Axis Communications. “Our success is based on a combination of innovative products and solutions, a global network of loyal partners, and a dedicated team.” Axis is the global market leader with more than 1,600 employees in more than 40 countries and 65,000 partners in 179 countries. In 2013, sales climbed to SEK 4,717 million; growth reached 17%. Continuous information and capabilities sharing with its partners has been a key part of Axis’ role as industry leader. The Axis Communications Academy is one example. Since 2005, more than 35,000 persons have gone through the partner training program and learned about the advantages of network […]
Source www.axis.com
Company Valuations For Systems Integrators: Recurring Revenue, Technology, Vertical Markets, Service, All Affect Value
Much has been written about how security dealers, with their profit-rich recurring monthly revenue (RMR), are valued in the marketplace, but the factors that go into valuating systems integration companies has been covered to a lesser extent. RMR — if any exists in the integrator business — certainly plays a role in determining value, but a distinction is made between RMR from monitoring and RMR from service. There are other similarities in how the two types of businesses are valued, such as service efficiencies and the composition of customer contracts. Differences exist in the type of technology the integrator offers and the vertical markets that comprise the client base. According to Bill Polk, managing director, CapitalSource, Chevy Chase, Md., the primary driver of valuations is the liquidity of capital markets. While the current economy has restrained the flow of capital to a degree, Polk believes low default rates characteristic of the security industry have and will continue to lead to rising valuations. “We’re in an environment where debt markets have come back,” Polk says. “The high-yield bond market has been extremely active over last 12 months and this is driving up value. Falling default rates, more competition and generally favorable economic reports are driving pricing down, which is making it cheaper to borrow.” Polk adds that in such a market, “the security industry has proven over the last 24 months a safe port in a storm.” Still, the availability of capital varies greatly for systems integrators ranging from the […]
Source www.sdmmag.com
Women’s Security Council Announces 2014 Women Of The Year Awards Program
This annual honor recognizes top female professionals in the security marketplace. The Women?s Security Council, a network of successful security professionals focused on promoting the advancement of women in the industry, has opened nominations for its 2014 Women of the Year awards. The annual initiative is aimed at recognizing the top female professionals in the […]
AMAG Technology’s Adam Shane Recognized For Outstanding Work On Access Control Council
AMAG Technology’s Senior Systems Design Architect, Adam Shane was selected as one of three Top Contributors for the Smart Card Alliance Access Control Council for 2013. His leadership, time and input have contributed to the success of the council, and he was recognized at the Smart Card Alliance gala award dinner in Coral Gables, Florida on December 9, 2013. Shane is one of the founding members of the council which was formed in 2005. “The Smart Card Alliance has an honorable mission, to educate industry, users and government on appropriate uses of smart cards,” said Shane. “The work we do on the Access Control Council is important as it provides a consolidated industry and government voice to standards making bodies and the federal government policy makers. I am proud of our collective contributions and look forward to continuing the effort.” The Smart Card Alliance Access Control Council (SCA ACC) is focused on accelerating the widespread acceptance, use, and application of smart card technology for physical and logical access control. The group brings together, in an open forum, leading users, technologists, suppliers and system integrators from both the public and private sector and works on activities that are important for secure access control. The Smart Card Alliance is a not-for-profit, multi-industry association working to stimulate the understanding, adoption, use and widespread application of smart card technology. The Alliance invests heavily in education on the appropriate uses of smart card technology in a way that protects privacy and enhances security and […]
Source www.securityinfowatch.com
Growing Regional Demand For Safety And Security Driving Market
2013-12-19 12:58:00 – The Middle East region, of crucial importance to the global economy as leading producers of oil and natural gas, is currently being viewed as an increasingly significant market by the global safety, security and fire protection industries. Given the current uncertainties that prevail in many countries around the region, safety and safety are increasingly high-priority issues for governments and commercial ventures in the region. This emphasis on greater security is felt in many ways including growing expenditure on security infrastructure, equipment and personnel by regional authorities as well as an increasing awareness in society about the importance of maintaining a safe and secure environment. Given all this, it’s not really surprising that Epoc Messe Frankfurt, organiser of Intersec, the region’s safety, security, fire protection and policing trade and networking exhibition, is expecting the 2014 edition to be the biggest yet. With over 80% of exhibition space already sold out, Intersec 2014 looks set to break all previous records in terms of both participation and attendance. Already all of the world’s ten largest security companies have confirmed attendance, including Honeywell Security, Bosch Security Systems, ASSA ABLOY, FLIR Systems, AXIS Communications, Samsung Techwin and Tyco International* along with 150 exhibitors making their regional debut. According to Ahmed Pauwels, CEO of Epoc Messe Frankfurt, the continued success of Intersec is being driven by the rapid development of the safety and security industry regionally. “Across the Middle East authorities are improving security infrastructure, enhancing policing and crime fighting capability and […]
Source www.pr-inside.com
Axis Communications GM: Why IP-Camera Surveillance Matters
Despite its moniker as an old technology, surveillance cameras continue to be deployed by SMBs and enterprises alike to help keep an eye on things. Moreover, the invention of the network camera served to propel surveillance into the digital age, allowing the technology to maintain its relevance in our heavily networked world of today. To gain a better insight in the use of IP cameras today, we approached Fredrik Nilsson, the general manager for Axis Communications in North America for an one-on-one interview with FierceCIO:TechWatch . In his response, Nilsson explains why IP-based digital surveillance is superior over their analog equivalents and argues why businesses should not settle for consumer-centric IP cameras. Nilsson also shared some recommendations for enterprises looking to deploy IP cameras. FCIO : CCTV cameras have been around for a long time. What has changed over the years? CCTV has been around for half a century. At first it was mostly used for deterrence by installing big obtrusive analog cameras. But frankly the last true innovation in analog CCTV was the addition of color video. The first network camera was invented (by Axis Communications) in 1996, and adoption in the security industry began in the early 2000s. Over the last decade the industry has undergone a technology shift from analog to IP video–with 2014 being the first year that IP is expected to overtake analog sales–and the emergence of software and storage players moved us into the forensics phase. But today no one wants a camera. They […]
Source www.fiercecio.com
SIA Technology Insights E-Version Released
The digital version of SIA Technology Insights publication is now available on the Security Industry Association (SIA) website. SIA Technology Insights provides original, exclusive, vendor-neutral analyses of emerging security technologies from industry leaders. Produced with the end user in mind, the publication is intended to help chief security officers, security directors and others learn about […]
Top Trends Impacting The Video Surveillance Industry
IFSEC International, the international security expo organization, has predicted 10 key security trends which will impact the video surveillance industry in coming years. Let’s review the top trends which are already making an impact on the industry. Cost: Cost factor has always influenced the surveillance industry in the past and is also doing it presently. […]