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Samsung has new majority owner

 - 
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
 - 
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
 - 
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
 - 
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.

Speco woos integrators with IP savvy

 - 
Thursday, July 31, 2014

Speco Technologies, a video surveillance manufacturer based in New York, may be best known for its analog solutions, but it is well into IP-based technology these days.

Today, Speco counts 25 of the largest and most sophisticated independent integrators in the U.S as its valued resellers, with Protection 1 as one of its marquee customers.

These are relationships the Speco management team has actively pursued. And, their pursuit of integrators has just begun, they say. The company’s sales, engineering, marketing, training and management are eager to talk about what they’re doing daily to increase the number of security systems integrators who turn to Speco for easy to use, innovative IP-based video technology.

I visited Speco this week, got a look at their headquarters in Amityville, the manufacturing and training operation and had a chance to hear Speco executives talk about their strategy.  

In business since the early 1960s. Speco is a privately held business owned by the Keller family. The company went private on Sept. 10, 2001, the day before the horrific events of September 11, 2001.  

Todd Keller, Speco president and owner, said the business employs about 100 people. In 2008 it broke $100 million in revenue, today it’s “headed back to about $85 million” in 2014 revenue. The company is selling more products, but prices for many products have come down.

All of its products are assembled here at its headquarters in New York and most everything is engineered here or “outsourced in America.” Keller and other management believe that being family-owned gives Speco an advantage over corporations. "We have the flexibility to pursue ideas, to engineer, innnovate, design," TJ Dickson, VP sales and marketing said, adding that Speco constantly tests and evaluates, and re-evalutates its products. It does the same with competitors' products, he said.

It has a warehouse in Amityville and a new warehouse in Reno, Nevada which it opened in April. This new warehouse houses $3 million in inventory and enables Speco to get products to distributors in the west much more quickly and inexpensively.

Corporations use "voice of the customer" Dickson said. "They hear the customer, but I'm not sure they listen to the customer." Because Speco is not a giant corporation, it is able to implement changes quickly, he said.

Speco is well known for some signature products: two way audio; Digital Deterrent; inventing (Keller says) the bullet camera; its wall-mounted DVR. It's also known for private labeling its products for customers large and small. Keller said he'd much rather have an installer's name on a product than Speco's name, saying that if they sell more "Speco wins."

Speco is also well known for its "Intensifier" technology, which several years ago made it possible for analog cameras to "see" in the dark and low light conditions. This September Speco is planning an "all out blitz" to launch its Intensifier technology built into HD IP cameras, according to Peter Botelho, EVP and GM at Speco Technologies.

"It will be a very aggressive launch aimed at a target group of integrators," he said. Botelho said Speco has taken its time and "worked to get it right." Some competitors have similar technology, he said, "but it doesn't perform like ours and when you add [Speco's lower] price point, this is a potential big win for us in IP," he said.

Speco also last week released its SecureGuard Plus, a VMS that "provides access to multiple DVRs, NVRs and IP cameras for remote viewing, playback and other functions." It does not have licensing fees. Botelho said that SecureGuard Plus is "all American programming, American processing, and an All-American idea" that was developed with input from the SecureGuard User Group, which consists of 15 to 20 integrators.  He called SecureGuard Plus "a VMS with some serious plans to take it way beyond [the traditional] VMS." Future versions of this software will "have special features and integrate with some things that we believe others haven't thought of."

Where's Speco heading in terms of software engineering? Developing software that "runs all peripheral devices and does something with the all the data that's collected," Botelho said. "We are well positioned to move into that space," he said. Why? "More than anything we have a management team that has the ability to understand what's really happening at the installer level. ... and that comes from listening," Botelho said.

Speco "listens" in many ways. Its Tech Support department takes between 300 and 500 calls per day. At the end of every month, Speco takes the top 10 issues its Tech Support department has dealt with, assesses those issues, solves them with other department input if necessary and "turns them into a positive," Keller said.

It does the same thing with the products themselves. Speco has a 2 percent rate of return and defective rate of less than a half a percent. All of the returned products are assessed as well. If, for example, a number of products have been returned because they've been damaged by a lightening strike, this may not be a defect, but this is good information for Speco engineers to have as they design a newer version of the product, Keller explained. 

Speco also "listens" to its customers during training sessions. It has invested significantly in bringing its dealers to its headquarters for training. This year it has done more than 100 trainings so far in 2014. It has had 10 different distributors, dozens of independent integrators and all of Protection 1's national account managers to its headquarters this year.

Trainings held at the headquarters are the most effective, Dickson said, because Speco has a chance to talk about the company as well as the products.

Botelho said he also sees the trainings as "built-in focus groups" where engineering, marketing or sales people can learn what Speco customers are looking for.

However, it's important, Dickson said, to be able to execute on what you learn from customers. He said Speco can do this and cited a recent example of an integrator who wanted a special feature on its wall-mounted DVRs, a button that would flash and alerting a local store manager to push the button to download video. "We had it done, designed and the software written within a week. They were blown away," Dickson said.

 

 

More in store for Samsung ‘Eco Partners’

Camera manufacturer enhances ‘STEP’ program, launched at ISC West
 - 
07/25/2014

RIDGEFIELD PARK, N.J.—Samsung’s strategic partners can more easily submit project registration, access training, and up-to-date pricing and other product information as part of enhancements the camera manufacturer is making to its Samsung Techwin Eco Partners (STEP) program.

Milestone research: Video, metadata, operational intelligence

 - 
Wednesday, July 16, 2014

Interesting piece of news in my inbox this morning having to do with research that VMS provider Milestone Systems (recently acquired by Canon)  is working on.

The VMS provider is working with Technical University of Denmark (DTU), Aalborg University, Securitas and Nabto, on a research project that looks at using video for operational intelligence.

The news release said that Milestone is putting some of the research into practice already. From the release: “Research that is ongoing in a 3-year project to develop technological innovations is already paying off: the latest release of Milestone XProtect 2014 launched a new metadata framework that vastly improves the speed of searching and analysis with the video software. … Milestone's software manages video for security uses, but can also support and optimize activities in production, logistics, marketing, sales, healthcare, intelligent buildings, environmental control, and other analytical applications. Thanks to the XProtect open platform architecture, other companies are integrating software applications with Milestone's video management software to adapt it for particular operational needs in different business sectors.”

The Danish National Advanced Technology Foundation provided funding (DKK 15 million) for the project. The goal is “to interpret the recorded video material so the content can be described automatically.”

In a prepared statement, Hans Jorgen Skovgaard, Milestone VP of R&D said:
"We are still in phase one and expect to present to the market several new solutions for searching in metadata—the framework has already been released in XProtect 2014. During the next phases, we will do research among other things on how the software can learn to distinguish between normal and abnormal activity in video images. This means video surveillance can proactively give an alert before an incident occurs, and further enable use as a business tool in many more operational scenarios. … For example, if there is an accident or an assault at a bus station, the police or security personnel can search for the exact area where the incident happened by linking GPS coordinates with the video recordings from the buses, and within a few seconds they will have the relevant recording of the offender or other people involved.”
 
The release says that the metadata technology “can also be used with mobile phones as moving security cameras where GPS coordinates and compass information can be stored with the video. Operators thereby will know precisely where the video was recorded. Used in this way, mobile phones can increase security and safety, and threatening behavior can easily be proven. The technology can also be used as evidence of pollution emissions, for resolving insurance claims, or many other applications yet to be explored.”

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