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iControl helps Silicon Valley traveler keep in touch

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Monday, July 16, 2012

iControl, an interactive platform used for security/home automation by traditional security companies like ADT and the new cable entrants like Comcast, got a nice mention on the front page of the New York Times travel section yesterday.

The story, about how Silicon Valley entrepreneurs’ make travel paperless and stress-free, talks about Tim Ferris (author of The Four-Hour Work Week and other books in an updated self-help genre) has many gadgets that help him when he’s traveling, including iControl software—which keeps him in touch with his home.

From the story: “One of the world’s largest guarding companies When he’s on the road Mr. Ferriss uses iControl software, which allows him to receive e-mails with video clips from infrared cameras in his house and to receive text alerts on his phone about who’s going in and out of his home.”

Is Tim’s security system provided by a traditional provider or a cableco? I’m sure iControl wouldn’t disclose the answer to that question.

Guarda acquires McKinnon

McKinnon is $18m guard company, specializes in mining industry
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07/16/2012

MONTREAL—In a deal that will help it take advantage of the expansion of mining in the province of Quebec, Guarda Security Solutions on July 13 announced the acquisition of McKinnon Services.

House passes Secure Border Act

Bill goes to Senate with provisions important to security industry
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07/16/2012

WASHINGTON—The Security Industry Association announced some good news for the industry in June: The House has passed H.R. 1299, the Secure Border Act.

OV, Vivotek reach agreement

ITC trial involving Bosch, Samsung set for this week
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07/16/2012

RESTON, Va.—Video analytics provider Object Video announced in June that it has signed a patent licensing agreement with Vivotek. Meanwhile, its patent battle with major video surveillance providers Samsung and Bosch will continue, with an International Trade Commission trial scheduled to begin this week.

Study: PSIM market to grow to $2.8b by 2021

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Thursday, July 12, 2012

A couple days after PSIM maker VidSys touted one aspect of the new Frost & Sullivan PSIM study, F&S itself today sent out a release about this study.

The projections are most interesting part of the release, I think. F&S projects the global PSIM market is set to grow from a $142.9 million in 2011 to a $2.79 billion by 2021.

When I spoke to VidSys CTO James Chong the other day, he said that his company’s commercial business is on the rise. The Frost & Sullivan study says that’s the way it’s going to go. Revenue generation from will shift from solely to include more critical infrastructure to first responders and commercial entities in the future.  

The biggest driver will be “word of mouth” about PSIM capabilities, the study says.  Frost and Sullivan even gave that phrase its very own acronym—“WOM.”  That’s a new one for me.

There’s not a lot of WOM yet, because most enterprises are still grappling with the convergence of physical security and IT security.  

From the news release: "The majority of security integrators are focused on solutions they are used to and their unwillingness to learn information technology and implement software products is restraining the PSIM market," explains [Krzysztof] Rutkowski. "This is a major challenge because awareness of customers may not be improved by the systems integrators."

As such, being a well established player in the PSIM and security market is crucial for market success. Value added products will be able to capture more of the market share.

"Being well recognized in the market sends a positive message to the customers on expertise and future reliability in terms of installation and upgrades support," says Rutkowski. "Another key aspect to success is the value a PSIM provider can add to the solution i.e. a computer-aided dispatch (CAD) option or a command and control (C2) centre."

The study advises video and access control systems companies to "tie up with PSIM players" to avoid being edged out.
 

RMR Capital Group launches at ESX

New lender’s sweet spot is $150k to $500k
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07/11/2012

ST. LOUIS PARK, Minn.—Saying there’s a “glaring need for capital” among small and mid-sized alarm companies, another new lender has entered the security space: RMR Capital Group.

Telguard offers dealers incentive to go to 3G

Protection from ‘2G sunset’ worth up to $25 per unit
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07/11/2012

ATLANTA—Telguard Corp. is backing its call for alarm companies to prepare for the “2G sunset” with a $5 million program that gives dealers up to $25 for every 2G cellular communicator they replace with a Telguard 3G/4G product.

Monitronics embraces Wi-Fi for IP alarms

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07/11/2012

DALLAS—Monitronics International has begun accommodating Wi-Fi for IP alarm communications, paving the way for what the company says will be easier installations and lower service costs for customers and dealers.

VidSys says PSIM market maturing

VidSys founder says new Frost & Sullivan PSIM categories helps educate market
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07/11/2012

VIENNA, Va.—While there is still some confusion in the market about what constitutes a “true PSIM” and what’s merely a “PSIM wannabe,” the market is maturing and demand is growing, James Chong, founder and CTO of PSIM provider VidSys, told Security Systems News.

Devcon closing more branches

Reductions in company expenses and streamlining are designed to ‘set the stage for future success,’ CEO says
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07/11/2012

HOLLYWOOD, Fla.—Devcon Security—a super-regional based here that grew to a national player in the past year and a half—is downsizing to reduce expenses and strengthen the company’s finances for future profitability and growth, according to Devcon’s new CEO, Steve Hafen.

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