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Security Systems News

HID Global at ISC West    

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03/25/2014

AUSTIN, Texas—Secure identity solutions provider HID Global will demonstrate its latest secure identity solutions and emerging technologies that leverage Bluetooth LE and NFC at ISC West.

Kratos wins $7.8 million contract

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03/25/2014

SAN DIEGO—Kratos Public Safety & Security (PSS) division on March 19 announced it received a new $7.8 million critical infrastructure security system contract award.

Small chain upgrades to IP at own pace

Virginia’s Quik-E Foods points to high ROI
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03/24/2014

LYNCHBURG, Va.—Family-owned and operated Quik-E Foods, based here, recently installed an IP camera in the rear of one of its 12 convenience stores. “The camera actually paid for itself on day 2,” said Quik-E Vice President Todd Burgess.

Reorg at IdentiSys

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03/18/2014

EDEN PRAIRIE, Minn.—IdentiSys, an integrator specializing in identification, card issuance, emergency response, and access control security systems, in early March announced several organizational changes

Millennium hired in Ft. Lee

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03/18/2014

FORT LEE, N.J.—The Fort Lee school district in early March hired systems integrator Millennium Communications Group, to purchase and install a surveillance system at six district schools, according to a report in The Record.

Is Avigilon in a buying mood again?

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Tuesday, March 18, 2014

Avigilon will soon have more cash for purchases.

The HD surveillance provider on March 17 increased a previously announced financing to $100 million (Canadian).

The official statement said that the “company intends to use the net proceeds from the offering for general corporate purposes and for potential strategic acquisitions.”  

I have a call in to Avigilon to see if they'll comment on why they're increasing the financing.

The offering is expected to close just after ISC West this year “on or about April 8, 2014,” the company said.

The financing, “a bought deal offering of common shares of Avigilon,” is an expansion of a previously announced bought deal offering for $69 million, which was announced in November, just before Avigilon acquired VideoIQ on Dec. 31.

Under the terms of the expanded financing, a “syndicate of underwriters led by GMP Securities L.P. and including BMO Capital Markets, National Bank Financial Inc., CIBC World Markets Inc., RBC Capital Markets and PI Financial Corp. have agreed to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, an aggregate of 3,448,280 Common Shares at a price of $29.00 per common share for aggregate gross proceeds to Avigilon of $100,000,120,” the announcement said.

The syndicate may purchase an additional 517,242 shares at the same price up to 30 days after the closing. If that happens, an additional $15,000,018 will be raised, and Avigilon’s gross proceeds will be $115,000,138.

Nazarenus new president of iTech Digital

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03/03/2014

INDIANAPOLIS—In February, iTech Digital, an integrator and manufacturer of video surveillance solutions, named Mark Nazarenus as the company's new president.

Hikvision and ObjectVideo sign agreement

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03/03/2014

HANGZOU, China and RESTON, Va.—Video surveillance provider Hikvision announced March 3 that it has signed a worldwide patent licensing agreement with video analytics provider ObjectVideo.

Diebold adds three

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02/24/2014

CANTON, Ohio—Diebold in February added three new executives to its leadership team: Rob Raymond, as vice president, global financial sales; CJ Dailey, as VP of electronic security installation operations; and Michael Campbell, as VP, sales operations and development of E

Qolsys IQ Panel available now

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02/24/2014

CUPERTINO, Calif.– Qolsys, a provider of home security and automation systems, announced in February that its IQ Panel, powered by Alarm.com, is now widely available through distributors in the United States.

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