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Prime time for IPO

Interactive services provider files for $75m IPO

VIENNA, Va.—It has been a year since reports surfaced that owner ABS wanted to exit its investment. The wait may have been worthwhile, according to experts who spoke to Security Systems News. Now is a good time for, a fast-growing, market-leading provider of interactive services, to go public, they say.

Hebert departs HID

Sodergren named interim CEO

AUSTIN, Texas—Denis Hebert has resigned his position as president and CEO of HID Global. Ulf Södergren, CTO of parent company ASSA ABLOY, has been appointed as interim CEO for HID, Ann Holmberg, ASSA ABLOY manager of corporate communications told Security Systems News.

DVTEL receives $9m


RIDGEFIELD PARK, N.J.—Video surveillance provider DVTEL has earmarked the $9 million investment it received for acquisitions and innovation.

De Fina joins Hikvision USA

Frank De Fina will lead sales effort for fast-growing camera company

CITY OF INDUSTRY, Calif.–Frank De Fina, who has worked with video surveillance companies such as Panasonic, Samsung and Sightlogix, has joined Hikvision USA, one of the fastest growing video surveillance companies, Hikvision announced today.

Saptharishi to lead Avigilon’s Center of Excellence initiative

Avigilon announces normal course issuer bid

VANCOUVER—Avigilon CTO and SVP Mahesh Saptharishi will lead the video and security solution provider’s Centers of Excellence initiative, Avigilon announced May 11.

ADT partners with LG Electronics, Nest


BOCA RATON, Fla.—Rumors that ADT is working with Google’s Nest are not rumors after all. ADT CEO Naren Gursahaney announced today at an investor conference that ADT is partnering with Google’s Nest and with LG Electronics.

FST Biometrics to continue growth with $15m investment

U.S. to remain primary market for biometrics access control solution

RISHON LEZION, Israel—FST Biometrics will use a recent $15 million infusion from GMF Capital to continue to expand in the United States and into other new enterprise markets, according to CMO Arie Melamed Yekel.

Envysion acquires LightHaus, adds analytics capabilities

Managed VSaas provider says retail customers will benefit

LOUISVILLE, Colo.—Envysion, a managed video surveillance as a service (VSaaS) provider based here, on May 7 announced its acquisition of analytics developer LightHaus Logic.

Icontrol’s new CMO aims for ‘frustration-free’ customer experience

Consumers now seek simplicity, integration, she says

REDWOOD CITY, Calif.—Icontrol’s new chief marketing officer wants to ensure that consumers and dealers have an all-around “frustration-free” experience when interacting with the company.

Stang Capital Advisory opens its doors

Former banker to help companies get financing, will advise banks and PE players, too

CHICAGO—David Stang, who led Bank of America’s Security Alarm Group for the past 10 years, this week launched Stang Capital Advisory to assist middle-market companies with financing.



SSN News Poll December 2016

Some companies take a focused approach to breaking into­—or growing within particular—vertical markets; "We are really heavy on the casino side, so we decided—let’s be the No. 1 gaming integrator in North America,” said Surveillance Systems Inc. president Todd Flowers. Where do you see the next big opportunity?