Archive: April 2016
Tyco Security Products' Anita Santos at Mentor Factor
April 29, 2016SSN Staff
WESTFORD, Mass.—Tyco Security Products announced that Anita Santos, Tyco Security Products VP of marketing, on May 2 will speak at an event developed by Mentor Factor, a professional development program for high-potential women in the financial services industry. The event will take place in New York.The event is supported by women on American Banker's "Most Powerful Women in Banking" list and will be attended by executives from prominent financial institutions, including Capital One, the FDIC,...
Affiliated's Catalyst PERS conference sold out
April 29, 2016Spencer Ives
Affiliated Monitoring's new PERS conference, Catalyst, sold out three-and-a-half weeks prior to the inaugural event on May 17.
Affiliated's VP Daniel Oppenheim told SSN that Catalyst booked so quickly due to its “focus on sales and marketing, and Affiliated's reputation as a PERS specialist.”
“We have 160 attendees, and including staff and vendors, we're going to be at about 200 total,” Oppenheim said. Oppenheim believes it will be the largest PERS conference...
S2 Security puts monitor on network
April 28, 2016Martha Entwistle
FRAMINGHAM, Mass.—S2 Security, a provider of IP-based access control and video management and mobile security management systems, has put the monitor on the network with its Magic Monitor, a move that S2 CEO John Moss says “fundamentally changes the value proposition of a security management system.”“It really means a much more expanded presence for the security function in an organization,” Moss told Security Systems News. The security group, often an “unseen...
Smiths Group to pay $710m for Morpho Detection
April 28, 2016SSN Staff
LONDON—Smiths Group, a global technology company based here, announced April 21 it has an agreement to acquire Morpho Detection from Paris-based Safran for $710 million.Based in Newark, Calif., Morpho Detection had $320 million in revenues in 2015, and an operating margin of 18 percent, with aftermarket services including software representing more than half of total revenues, according to Smiths Group. It has 860 employees and Morpho Detection had gross assets of $699 million.Morpho Detection...
Vivint gets $100m investment from Peter Thiel, Mitt Romney's investment firm
April 27, 2016Paul Ragusa
PROVO, Utah—Vivint Smart Home on April 27 announced a $100 million strategic investment from Peter Thiel and Solamere Capital, an investment firm founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and chaired by Mitt Romney.In an internal memo shared with Security Systems News, Todd Pedersen, founder and CEO of Vivint Smart Home, told employees that this strategic investment will help accelerate growth and innovation. “As a venture capitalist and an entrepreneur, Peter Thiel...
Integration firm spins off video monitoring operation
April 27, 2016Spencer Ives
SCOTTSDALE, Ariz.—ICU Security Group, an integration firm based here, is spinning-off its proactive video monitoring division, SARC Monitoring, into a separate company.“We're also in the process of procuring a new building, [and] once the building procurement is done the [spin-off] should be complete at that time as well,” San Kim, director of operations with SARC Monitoring, told Security Systems News.SARC stands for Surveillance Acquisition Response Center, Kim said. The company...
Vidsys gets $11 million
April 27, 2016Martha Entwistle
VIENNA, Va.—Software provider Vidsys on April 26 announced it closed an $11 million funding round, which Vidsys CEO James Chong told Security Systems News will be used for “global expansion and to provide the right level of customer support and engagement [for the Vidsys web-based platform.]”Vidsys, based here, originally known as a provider of PSIM (physical security information management) software, now refers to its software as CSIM, converged security information management...
Monitoring America to build back-up facility
April 27, 2016Spencer Ives
TULSA, Okla.—Monitoring America Alarm Co-op president Ron Wies said construction of the third-party central station's redundant facility in nearby Owasso, Okla., may start next month.“We purchased a piece of property [in Owasso] maybe six or seven years ago, with the idea that that's where we were going to put our back-up site.” Wies told Security Systems News. “The co-op finally made the decision last year that we were going to move forward and build our site and hopefully...
CSAA announces 2016 annual meeting keynote
April 27, 2016Spencer Ives
Earlier this week CSAA announced the keynote speaker for this year's CSAA Annual Meeting, held in Marco Island, Fla., from Oct. 22-27: Tasha Eurich, organizational psychologist and author of New York Times bestseller Bankable Leadership.
“We are pleased to feature a next-generation speaker at the Annual Meeting,” CSAA president Pamela J. Petrow said in a prepared statement. “CSAA members are always looking toward the future, and Dr. Eurich is sure to provide them with new...
Security robotics and regulation
April 27, 2016Martha Entwistle
A couple weeks ago I wrote about PSA-TEC, PSA Security's annual training and education conference, which will take place in Westminster, Colo. May 9-13.
Kudos to PSA for being the first in the industry to take a close look at security robotics. PSA Security CEO Bill Bozeman is among those who believe security robotics will be “the next big thing” in security.
Courses at TEC will explore ground-based, aerial and marine robotics. You can check out the educational sessions here.
In many...