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Management reorg at Avigilon

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Wednesday, September 2, 2015

Avigilon, a video surveillance and end-to-end security solution provider, today announced two resignations and a management reorganization.

Bryan Schmode has resigned from his role as COO, and Collis Heath, SVP of Global Operations, has also left the company.

There have been a number of changes in Avigilon’s management ranks over the past few months. In August, Pedro Simoes, SVP of global sales, resigned and was replaced by James Hendershot. In May, Danny Cam, VP of Engineering left and was replaced by CTO and SVP Mahesh Saptharishi.

There have been several management changes in the past few years as well. The company announced today plans to streamline its senior management reporting structure “to increase operational efficiency.”

Avigilon's seven major departments—product development, sales, marketing, operations, finance, legal, and human resources—will now report directly to Alexander Fernandes, Avigilon's founder, president, CEO, and Chairman of the Board.

“This refreshed structure brings Mr. Fernandes closer to Avigilon's day-to-day operations while empowering department leaders with greater authority,” the company said in the announcement.

Avigilon has been one of the fastest growing security companies. Its stock, which trades on the Toronto Exchange, closed at $12.37 on Sept. 2. Its 52-week high is $25.62. Its low is $12.34.

World Wide competes with DIY cameras

Company to offer professionally monitored DIY cameras
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08/19/2015

GARDEN CITY, N.Y.—World Wide Security, a full service security company based here, sees video monitoring as an avenue for growth, and plans to offer its own low-cost, self-installed cameras.

Miami to install more cameras

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01/28/2015

MIAMI—The City of Miami plans to install more cameras around the city to help police fight crime, according to WSVN.

Samsung has new majority owner

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Wednesday, December 10, 2014

Video surveillance provider Samsung Techwin has a new majority owner, Hanwha Group, a $34 billion conglomerate based in South Korea.

The deal, announced Dec. 5  is "a stock transaction, not an acquisition," Samsung's senior marketing group manager Tom Cook said during a Dec. 8 conference call.

Samsung Electronics announced Dec. 5 that it had entered into an agreement to sell its shares, which amount to a 32 percent stake in Samsung Techwin to Hanwha, which has expressed an interest in increasing its position in the security and defense industry. Samsung's second-largest shareholder is South Korea's government pension plan, according to Cook, the rest of the shareholder hold much smaller stakes.

How will the deal affect the Samsung Techwin's North American operation, which is based in Ridgefield, N.J.? There won't be any immediate changes, Cook said.

Contrary to some earlier published reports, Samsung Techwin will retain the rights to the Samsung name. For how long? Cook said that was "still a negotiating point" but he said it would retain the rights for "many years" and noted that there is precedent for Samsung allowing its brand to be used for extended periods of time. Renault has used the Samsung brand for more than 20 years, he said.

Soon Hong Ann, Samsung Techwin CEO and all management will stay in place, Cook said. All R&D, manufacturing, sales and marketing operations will remain unchanged, he said. Hanwha does not have manufacturing facilities and it does not own any other businesses that manufacture or do R&D of security devices. It does have a systems integration business "which can benefit by selling SamsungTechwin products in the Asian market, but in North America, I do not see any of that occuring," Cook said.

Independent of this deal, Samsung Techwin America is looking into establishing an additional "assembly and manufacturing facility in the U.S. that would allow us to fall under the branding of 'Made in America'," Cook said. Cook said that Samsung Techwin is interested in doing this to increase its business with the U.S. government, which gives preference to domestically produced products.

Cook said Samsung Techwin's North American operation has grown rapidly in recent years. "In 2013 we were up 40 percent over the previous year, and 2014 we will end up 70 percent over 2013."

The company has had several big wins including General Mills and Qualcomm [where Samsung is working with Milestone Systems] and General Motors [where it is working with Genetec].

Asked about additional funds for R&D and other investments, Cook said "Hanwha acquired this stock because they're interested in growing in the security and defense market" and added that Samsung Techwin Americas "has never been held up because of resources in the past."

Cook said that Samsung Techwin will be introducing 5 megapixel and 4K cameras, "an all-in-one IP kit that we believe the market is ready for."

Cook said Samsung Techwin will have a 100-foot by 60-foot booth at ISC West and it will be situated next to the market leader. [Axis Communications] "We are neighbors aond purpose and we're going to take them head-on," Cook said. It will also hold a dealer meeting and an A&E meeting at ISC West.

Samsung Techwin is currently the fourth largest video surveillance provider in North America. Cook believes "by the end of 2015 we will be in the position of second."

"To be number one, that is our goal," Cook said.

Vanderbilt Industries to acquire Siemen’s Security Products

Deal expected to be complete end of 1Q 2015
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10/20/2014

FRANKFURT, Germany—Security systems provider Vanderbilt Industries has entered into an agreement to acquire Siemen’s Security Products business, part of Siemen’s Building Technologies Division.

Video companies branching out into access control

Watch for more video companies to follow suit
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10/10/2014

YARMOUTH, Maine—In the past 18 months, three major video surveillance companies have expanded into access control. There are many reasons why Axis Communications, Panasonic and Avigilon made this move, but the main reason, they say, is because of demand.

Report: Growth rate for service offerings to soar

VSaaS, ACaaS expected to enjoy some of highest growth rates in security equipment and services market during forecast period
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10/01/2014

WELLINGBOROUGH, England—The North American market for physical security equipment and services is poised to exceed $61 billion by 2018, up from $44.4 billion in revenues in 2013, according to a new report, “Physical Security Equipment & Services Report—2014,” from IHS Research, a market research firm based here.

ESCO Communications wins school bid

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09/03/2014

INDIANAPOLIS—ESCO Communications’ approach to designing a school security project helped land the integrator a $1.39 million project that involves 10 schools and 1,054 camera views.

DTT Surveillance to hire 100

Fast growing video surveillance provider said it needs more sales people to cater to large national accounts customers
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09/03/2014

LOS ANGELES— DTT Surveillance, a manufacturer and integrator of video surveillance solutions that underwent a major expansion last year, is in the process of hiring 100 new employees.

Brian Wiser named Bosch Security Systems president of sales for North America

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08/04/2014

FAIRPORT, N.Y.—Brian Wiser has been named president of sales, North America, for Bosch Security Systems. In this position, he will lead the sales, support, training, customer service and marketing organizations in North America.

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