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Security Systems News

Lenel and Mercury Settle

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Tuesday, July 31, 2012

Last summer panel manufacturer Mercury Security filed a lawsuit against Lenel Systems International concerning a contract dispute and alleged copyright infringement. While there was no mention of the lawsuit itself, Mercury and Lenel on July 30 jointly announced a “long-term agreement for access control hardwar

I’ve called both Lenel and Mercury, but have not heard back yet. I understand that both Frank Gasztonyi, co-founder and CTO of Mercury Security, and Steve Wagner, Mercury’s VP of marketing are both, atending an event at Lenel headquarters

The announcement said the agreement is “to provide access control hardware for use with the Lenel OnGuard Total Security Platform.”  

In a statement, Gasztonyi said that Mercury and Lenel “look forward to working together to enhance and improve existing product lines and to provide the industry with new, innovative and highly competitive products into the next decade. After a successful 16-year relationship, we are thrilled to enter into a long-term agreement that allows us to collaborate closely with the industry’s premium access control systems brand.”

Joe Kirmser, president of Lenel, said this in the statement: “Mercury and Lenel have successfully innovated industry-leading security solutions for many years. We are both focused on meeting customer and market needs by jointly developing differentiated solutions.”

Legislative Roundup: Congress keeps industry busy

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07/31/2012

YARMOUTH, Maine—This month we’re launching a monthly roundup of legislative news, both state and federal, of interest to security and fire integrators, installers and monitoring companies.

Fire sprinkler expo to make history

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07/27/2012

PATTERSON, N.Y.—The National Fire Sprinkler Association, the Canadian Automatic Sprinkler Association and the new Mexican Fire Sprinkler Association plan to make history next year by partnering to host what is being billed as “the first-ever North American Fire Sprinkler Expo.”

Interactive services provider gets $136m

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Thursday, July 26, 2012

First, Alarm.com recently announced a milestone—that it has more than 1 million subscribers. Now the 12-year-old Vienna, Va.-based provider of interactive security services has announced that it has $136 million in new funding, made by a leading provider of capital to growth-stage technology companies.

The company says the investment from Technology Crossover Ventures (TCV) will enable Alarm.com to continue to develop new products.

Here’s more from the news release Alarm.com issued today:
 

The investment will allow Alarm.com to continue to focus on developing and delivering the most innovative products in the market. TCV General Partner Tim McAdam will join Alarm.com’s Board of Directors along with the existing investor ABS Capital Partners.

“Alarm.com is pleased to welcome TCV as a new partner in the business and we are thrilled to have Tim joining our Board of Directors”, said Steve Trundle, CEO of Alarm.com. “TCV’s well established track record of growth investments in software and technology companies will be a strategic asset for us. We look forward to continued focus on developing new and innovative products and growing our business.”
“Alarm.com’s best of breed software services and device management platform has established the company as the premier solution provider of interactive security services,” said TCV General Partner Tim McAdam. “We are excited to work with Alarm.com to continue its growth and build on its track record of innovation.”

Alarm.com, founded in 2000, is the industry leading technology provider of interactive security, automation and energy management solutions. Through its proven technology platform and advanced wireless, mobile and web-based solutions, Alarm.com helps protect and empower over a million residential and commercial customers throughout North America. Alarm.com delivers interactive security, video monitoring, home automation and energy management to users exclusively through a network of thousands of licensed and authorized Dealer Partners. For more information, visit the company's website at www.alarm.com.

I've reached out to the company to learn more about what this new capital will mean for Alarm.com and its dealer partners. Stay tuned to our site.

San Fran PE firm buys big biometrics company

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Wednesday, July 25, 2012

Cross Match Technologies, one of the largest providers of biometrics, has been acquired by PE firm Francisco Partners.

I spoke to David Buckley, when he was named CEO of Cross Match in March 2011.

At that time, he said his goal with the company was to “continue the evolution of the company from being just a technology player into providing a full set of solutions for the customer.”

Buckley is traveling until mid-August, but I’m hoping to speak to John Hinmon, who’s in charge of marketing and some M&A activity at the company.
I’ve left a couple of messages for Tom Ludwig COO at Francisco Partners, but haven’t heard back yet. The company web site says the group provides "transformational capital for technology companies."  

It has 55 portfolio companies I didn’t notice any other physical security companies when I glanced at their list of investments.  The FP statement notes the Cross Match has “secured significant contracts with the most discerning government clients.”  

Cross Match, which makes fingerprint, palm and full hand scanners, facial recognition, iris scanning, document readers and biometric software, has contracts with DoD and DHS among others. In the private sector side,  Cross Match works in hospitality, gaming and financial services. It has 400 employees, 5,000 customers worldwide and over 250,000 products deployed in over 80 countries

Founded in1996 and based in Palm Beach Gardens, Fla., Cross Match also has offices in Washington D.C., Quebec and in Jena, Germany. It does cross-engineering with its office in Germany and has several partners it works with in Asia.

Terms of the deal were not released.

 

LG: We’re back in the USA security market

Electronics giant makes video surveillance products available in the United States, again
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07/25/2012

LINCOLNSHIRE, Ill.—LG Electronics announced on Monday that it is bringing its security products to the United States and is launching a new line of cameras and DVRs.

Netwatch develops software to streamline video alarms

Company says new filtering technology will cut false dispatches, speed response times
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07/25/2012

MEDFORD, Mass.—Netwatch, a global video monitoring company now operating in the United States, has developed proprietary software that the company says will enable its 25,000 cameras to filter duplicative alarms and, in turn, reduce false dispatches and response times for its customers.

PSAP problems in Illinois raise safety concerns

Industry group: Municipal monitoring not ‘inherently safer’ than central stations
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07/25/2012

ARLINGTON HEIGHTS, Ill.—A PSAP that controls emergency communications for numerous municipalities around Chicago is reportedly having such problems with delayed response times that dispatchers recently voted “no confidence” in the agency’s management.

Going mobile

The changing PERS market presents opportunities, challenges for central stations
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07/25/2012

America’s elderly population is increasing and is becoming increasingly mobile, with health care technology advancing in lock step. That fact hasn’t been lost on the monitoring world, which is gearing up for new revenue opportunities that will accompany the growth of personal emergency response systems (PERS) and mobile PERS devices.

Rapid’s expansion plans reach east and west

Company moving ahead with headquarters project, new central station
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07/25/2012

SYRACUSE, N.Y.—Double-digit growth at Rapid Response is fueling a two-pronged expansion strategy, with plans proceeding for a new central station in the western United States and $11.3 million of new construction proposed at the company’s headquarters here.

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