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Security Systems News

Are integrators about to board the train?

A railroad safety committee is evaluating the safety and investigative use of cameras, recording devices in locomotive cabs
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06/25/2014

WASHINGTON—The Security Industry Association is backing the development of standards that would address the installation and use of inward- and outward-facing cameras and recording devices on locomotive train cabs.

ADT exec weighs in on cyber security

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06/17/2014

BOCA RATON, Fla.— ADT sponsored America’s Small Business Summit, hosted by the U.S. Chamber of Commerce, which ran from June 11–13.

Avigilon Broadens Access Control Portfolio

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06/17/2014

VANCOUVER, British Columbia—Video surveillance and access control provider Avigilon Corporation on June 16 introduced the latest version of its access control manager (ACM) platform to its product portfolio.

Canon to buy VMS provider Milestone Systems

Milestone will operate as stand-alone division; Canon committed to open platform
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06/13/2014

LONDON—Camera manufacturer Canon announced today that it will acquire VMS provider Milestone Systems. Terms of the deal were not announced.

Nemerofsky named CEO of Xentry Systems Integration

Acquisitions are in the pipeline
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06/11/2014

COLUMBUS, Ohio—Xentry Systems Integration, which was formed in January, today announced the appointment of John Nemerofsky as president and CEO.

Honeywell’s Harkins transitions to new role

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Wednesday, June 11, 2014

Honeywell’s Scott Harkins is transitioning to a new role.

Honeywell spokeman David Gottlieb today confirmed that “Scott Harkins has accepted a new role within Honeywell to help develop global growth opportunities within the Connected Home space. He will leave his current post as president of Honeywell Security Products Americas by the end of June.”  

Honeywell Security Group has not yet announced a successor to Harkins. “Honeywell Security Group has a strong leadership team in place committed to delivering for our customers and ensuring a smooth transition while we execute our succession plan. We will share news regarding our new leadership as soon as we finalize this process,” Gottlieb said in a prepared statement.

Harkins joined Honeywell in 1995. Before he was named president of HSPA in December 2011, he oversaw Honeywell’s video surveillance and access control divisions.

I don't know if Harkins' new role will include working with Honeywell's Lyric thermostat, which it launched yesterday. There's been much in the mainstream news today about Honeywell partnering with Apple to "take on" Google's NEST. (Some of these guys do seem to forget that Honeywell HAS been in the thermostat business for a few years.)

Here's a report from Apple Insider And here's a report from Bloomberg, which goes on to talk about the connected home. 

 

 

 

Milestone Systems debuts XProtect 2014

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06/09/2014

COPENHAGEN—VMS provider Milestone Systems has released its XProtect 2014 VMS product suite for partners and customers.

Securitas gets into electronic security; Iverify doubles in size

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Wednesday, June 4, 2014

In two separate, but related transactions, Securitas is getting into electronic security and Iverify is nearly doubling in size and adding new capabilities.

Guarding giant Securitas is making a concerted move into electronic security and “integrated guarding” with the purchase, announced June 2, of a 24 percent stake in remote monitoring firm Iverify. In a related move also announced Monday, Iverify bought 100 percent of the shares of commercial security and fire company TransAlarm.
 
Iverify is the Charlotte, N.C.-based full-service security company noted for its “high-touch remote security monitoring” offering. Sean Forrest recently joined the company as its CEO.

Securitas has offered  Iverify services to some of its customers for the past couple of years, Jim McNulty, EVP of Securitas USA told me. “We liked what we saw,” he said.

“We had our toe in the pool, now we’re jumping into the pool,” he said. Using Iverify, Securitas plans to roll out “integrated guarding services” across the country.  Integrated guarding is a mix of traditional guarding, mobile and remote monitoring services.  Securitas has 100,000 employees, 400 offices and does $3 billion in revenue annually.

This will update Securitas' offering, McNulty said, so it can "leverage traditional onsite guarding with mobile and remote services—to give customers a more efficient and higher value security offering."

In the second transaction, Iverify bought TransAlarm, which is based in Burnsville, Minn., just outside the Twin Cities. Now, with the goal of really boosting their national accounts business, the two companies are merging. Sean Forrest will be CEO of the combined company and current Trans Alarm CEO, Steve Champeau will become president.

Trans Alarm has 120 employees, combined with Iverify, there will be more than 300 employees. 

Like Iverify, Trans Alarm has a UL-listed 5 diamond certified central station. It has branch offices in Nebraska, Northern Wisconsin and Wyoming. It also has deeper capabilities in traditional security offerings such as intrusion, access control, CCTV than Iverify. On top of that, it has a network of installers located across the U.S. What it does not have, Forrest told me, “is the high touch remote video security monitoring that Iverify has. Conversely, Iverify didn’t offer the other services in a big way and didn’t offer fire at all.”

“This gives us a full spectrum to offer customers and significantly improves what we have to offer. The commonality between the two companies is that we’re both very customer-service focused,” Forrest said.

While Iverify bought 100 percent share of Trans Alarm, this is a merger of the two companies both Forrest and Champeau told me.

“We’re going to become one company. That’s a key step for us,” Forrest said. Sales and service will be cross-trained and “both companies will focus on a single point of contact, rather than branch delivery [approach taken by other companies],” Forrest said. This is not a fold-in purchase, he said. All offices and operations will be retained.

Forrest declined to give revenue or RMR figures. He did say: “Both companies have been growing at a rapid rate and we expect, on a combined basis, that that growth will be accelerated.”

Both Iverify and Trans Alarm have customers in the national retail, property management and transportation verticals.

Champeau said said that Trans Alarm has sold and installed Iverify technology even before the deal was announced. He looks forward to “getting into additional markets that we haven’t pursued previously [with the Iverify technology].”

McNulty is equally excited about the capabilities of the combined companies, noting that “they complement each other. Their combined offering will be a “good vehicle [for Securitas] to further the whole idea of integrated guarding.” He likes the fact that the combined company will have redundant monitoring capabilities. He is also excited about the “vetted, capable, trained and qualified installers that Trans Alarm brings.”

The offering of integrated guard services will be a “company-wide effort. … We’re going to roll it out all over the place.”

Securitas put this together this venture with Driehaus Private Equity, the majority owner of IVerify since 2006. Driehaus is a co-investor with Securitas in the deal. The PrivateBank provided Iverify with debt financing. Raymond James & Associate advised Trans Alarm.

Universal Protection Security System acquires City-Wide Electronic Systems

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06/03/2014

SANTA ANA, Calif.—Universal Protection Security Systems announced June 2 it has acquired City-Wide Electronic Systems.

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