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Ingersoll Rand offers $1.55 billion of senior notes


SWORDS, Ireland—Ingersoll Rand announced this week that it has completed a $1.55 billion debt offering consisting of three tranches, maturing in 2019, 2023 and 2043.

Ingersoll Rand names planned $2 billion spinoff: Allegion

The name of the new publicly traded company—expected to be spun off later this year—reflects the allegiance between Ingersoll Rand and its customers

SWORDS, Ireland—Ingersoll Rand, which previously said it planned to spin off its security products business at some point this year, today announced that Allegion will be the name of the new company and that it will have revenues of $2.05 billion.

IHS: Genetec, Milestone top VMS rankings


LONDON—Since 2004, the first year of IHS’ VMS rankings, Copenhagen-based Milestone has had a monopoly on the top spot. Nine years later, the company still has the top spot, but it now has to share it with Genetec, a Montreal-based vendor.

DVTEL to launch IP Institute

New COO Zvi Peled says ‘cool tools’ will help integrator partners

RIDGEFIELD, N.J.—Video surveillance provider DVTEL is launching IP Institute, where the company will offer online and classroom instruction on IP-based security for its integration partners.

Avigilon gets into access control, buys RedCloud for $17 million

Avigilon CEO calls deal ‘very strategic’

VANCOUVER—In a $17 million cash purchase, high-definition surveillance provider Avigilon Corp. on May 30 announced it acquired privately held RedCloud Security, a provider of Web-based physical and virtual access control systems.

New Firetide CEO sees mesh networks on the move

Cisco vet John McCool joins Firetide, sees promise for growth as surveillance moves beyond 'the curb'

LOS GATOS, Calif.— Cisco veteran John McCool, who joined mesh network provider Firetide as its new CEO on May 20, says there’s an increasing demand to take surveillance mobile.

Polaroid gets into security surveillance

Led by Nathan Needel, Allan Markoff, Polaroid Professional Security Products offers full line of digital and analog solutions

MIDDLETOWN, N.Y.—Polaroid—a brand name with a rainbow logo that was synonymous with cameras for generations of Americans—on June 1 is launching a new security division called Polaroid Professional Security Products, headed by security industry veteran Nathan Needel. accuses Telular of taking intellectual property

Lawsuit claims Telular’s Telguard Interactive and Telguard HomeControl are based on’s patented products and services

VIENNA, Va.—, an interactive services provider based here, filed suit this week against Telular Corp., contending that Telular has been using’s patent-protected products and services without permission as its own.

Tri-Ed makes connectivity play

Company opens five branches that are also data solution centers

WOODBURY, N.Y.—Tri-Ed Distribution’s latest expansion, which includes five new branch locations, will focus on connectivity products as well as security products, Pat Comunale, Tri-Ed Distribution CEO, told Security Systems News.

ISD booth at PSA-TEC draws integrators’ attention

First Windows-based camera launched at ISC West

WESTMINSTER, Colo.—Innovative Security Design (ISD) launched its netSeries—the first IP camera that uses Microsoft Windows as the base operating system—at ISC West in March, but a lot of PSA Security integrators were taking a good look at the product last week at the PSA-TEC conference.



SSN News Poll January 2016

There's a lot of private equity interest in security. Many top security companies, such as Vivint, Protection 1, CSG Security and Alarm Capital Alliance, are PE-backed. What do you think about private equity's involvement in the security industry?

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