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JValley Software acquires LENSEC

New ownership provides growth potential for VMS manufacturer
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08/24/2016

HOUSTON—LENSEC, the manufacturer of Perspective VMS based here, has been acquired by JValley Software Solutions, a global software company based in Jordan. The two companies, which have a long history of working together, will remain as separate entities, with LENSEC benefitting greatly from the merger, LENSEC CEO Marianna Leybovich told Security Systems News.

ipDatatel sees greater than 700 percent growth in past three years

Rapid growth lands the company on the Inc. 5000 list for the third year in a row
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08/24/2016

SUGAR LAND, Texas—ipDatatel, a provider of alarm communication hardware and software, saw 742 percent growth between 2012 and 2015, putting the company 512th on the Inc. 5000 list, a designation for the fastest-growing private companies in the United States.

Avigilon helped to secure Rio’s 2016 Olympics

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08/24/2016

VANCOUVER, British Columbia—Avigilon’s technology—including video surveillance cameras, network video recorders and the company’s video management software—was used to keep the 2016 Summer Olympics in Rio de Janeiro safe and secure, the company announced on Aug. 22.

Hikvision secures $3b credit facility

Jeffrey He says North America is fastest growing region
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08/22/2016

CITY OF INDUSTRY, Calif.—Hikvision has secured a five-year, $3 billion credit facility with Export-Import Bank of China, which will enable the video surveillance company to earmark additional funds for global research and development, infrastructure, and equipment and technology procurement.

3xLOGIC expanding to meet demand

Move to new HQ, larger training facility reflect company’s growth
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08/17/2016

WESTMINSTER, Colo.—3xLOGIC, a provider of integrated intelligent security solutions, recently moved into a new, larger HQ here and expanded its Florida Innovations Center facility to meet the increased demand in commercial markets, and to support its expanded university training schedule and locations.

Comnet founder George Lichtblau dies

Innovator in fiber optics passes away at age 78
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08/10/2016

DANBURY, Conn.—Comnet founder, CEO and long-time entrepreneur George J. Lichtblau passed away on Aug. 3, following a long battle with cancer. He was 78.

Pivot3 sees record growth in 2016

Company points to ongoing trends in video surveillance as factors
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08/10/2016

AUSTIN, Texas—Pivot3, a storage solution and hyper-converged infrastructure provider based here, saw record growth in the first six months of 2016—a result of ongoing higher demand and advancing technologies in the video surveillance space.

ScanSource to acquire Intelisys

Company looks to enter telecom and cloud services market
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08/10/2016

GREENVILLE, S.C.—ScanSource, Inc., a global provider of technology products and solutions based here, has entered into a definitive agreement to acquire Intelisys Communications, Inc., a technology services distributor of business telecommunications and cloud services, for about $83.6 million.

Denis Hébert named president of Feenics

Former HID CEO joins cloud-based access control startup
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08/03/2016

OTTAWA—Denis Hébert, current chairman of the board of SIA, and the former CEO of HID Global, today was named president of Feenics, a cloud-based access control manufacturer.

HID Global buys DemoTeller

Deal provides new regulatory-compliant offering for financial institutions
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07/20/2016

AUSTIN, Texas—Identity solution provider HID Global on July 18 announced the acquisition of DemoTeller, a provider of instant issuance solutions for the financial market. 

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SSN News Poll October 2016

ESA and SIA have recently come out against the latest overtime ruling, which more than doubles the threshold for earning overtime pay. How will it impact your business?