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video surveillance

Avigilon goes to The Hub

Avigilon's Analytics and Data Science Center of Excellence looks to recruit top R&D talent
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02/12/2016

SOMERVILLE, Mass.—Avigilon, a video surveillance, access control and security solution provider based in Vancouver, today is opening a new office here, just outside of Boston.

Washington to pay property owners for camera installation

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01/14/2016

WASHINGTON—The Washington D.C. City Council unanimously voted to increase rebates for local property owners who install security cameras on their premises, the Washington City Paper reported in early January.

'Poison pill' at Avigilon

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Wednesday, January 13, 2016

Video surveillance company Avigilon on Tuesday adopted a "shareholder rights" plan, an anti-takeover measure that's sometimes called a "poison pill." The plan has been accepted by the Toronto Stock Exchange, but it needs to be approved by shareholders within six months. Avigilon plans to present the plan at is 2016 annual meeting.

Avigilon said it "is not aware of any proposed take-over bid at this time."

We've seen some major video surveillance acquisitions recently with Axis and Milestone being acquired by Canon, and recently, FLIR buying DVTEL.

One can see how Avigilon may be attracting attention from a larger entity looking to get into physical security. Avigilon has well-regarded video and access control technology, including the former VideoIQ portfolio. It owns a lot of video analytics IP, and I hear it has very good relationships with integrators. Plus its stock is down considerably. Yesterday its stock closed at $12.90; Avigilon's 52-week range is $11.20 to $25.62.

It's also had a lot of movement internally with managers. Here's a blog I wrote about that.

Under Avigilon's proposed shareholder rights plan, one "right" will be issued for each Avigilon common share. The rights can only be exercised if an aquirer announces an intention to acquire shares that would take their holding to "at least 20 percent of Avigilon's outstanding share capital." The rights would allow shareholders, "other than the acquirer, to purchase additional shares at a substantial discount." A "permitted take-over bid" would not trigger the rights plan. 

 

FLIR buys DVTEL for $92m

Deal brings commercial video and software offerings, cloud and cybersecurity initiatives
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12/07/2015

WILSONVILLE, Ore.—In a deal that builds out its commercial security capabilities and adds software expertise, FLIR Systems, based here, on Nov. 30 bought video surveillance provider DVTEL for $92 million cash.

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
 - 
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.

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