Suppliers
NAPCO locks in Q3
May 8, 2024Cory Harris, Editor
AMITYVILLE, N.Y.—Richard Soloway, CEO of NAPCO Security Technologies, attributed “recurring revenues enabled by hardware innovations” as the catalyst to a 14th consecutive record-breaking quarter for sales during the third quarter of fiscal 2024.
Net sales increased 13% to $49.3 million - the highest quarterly sales in the company's history - while recurring service revenue (RSR) increased 29% to $19.5 million, representing 40% of total revenue.
Locked...
NAPCO reports record-breaking revenues for Q3 of fiscal 2024
May 7, 2024SSN Staff
AMITYVILLE, N.Y.—NAPCO Security Technologies has announced record-breaking financial results for its third quarter of fiscal 2024.
The New York-based manufacturer and designer of high-tech electronic security equipment and wireless communication devices for intrusion and fire alarm systems, as well as provider of school safety solutions, posted its 14th consecutive record-breaking quarter for sales during Q3.
Net sales for Q3 increased 13% to $49.3 million - the highest quarterly...
Allegion off to 'solid start’
May 1, 2024Ken Showers, Managing Editor
DUBLIN – A healthy institutional market helped Allegion plc beat earnings estimates in the first quarter (Q1) of 2024, the fourth quarter in a row.
“Allegion is off to a solid start in 2024, and I'm very proud of our entire team,” Allegion CEO John Stone told investors. “Institutional markets remain healthy as we expected, our team continues to leverage our capabilities in spec writing, made-to-order manufacturing and strong distribution partnerships to best serve...
AMAG Technology unveils new strategic direction, user experience, solutions
April 16, 2024SSN Staff
HAWTHORNE, Calif.—AMAG Technology, a provider of access control and identity management solutions, has announced a new strategic direction that focuses on an expanded view of the company’s product portfolio and improved customer experience for channel partners and end users.
The strategy has the full support of Allied Universal, AMAG Technology’s parent company and the world’s leading security and facility services provider.
“This isn’t just a shift in strategy,...
Allegion acquires Dorcas
March 4, 2024SSN Staff
DUBLIN – Allegion has announced its acquisition, through one of its wholly owned subsidiaries, of Dorcas (Montajes electronicos Dorcas S.L.).
A leading manufacturer of electro-mechanical access control solutions, Dorcas is a privately held company based in Siete Aguas (Valencia region), Spain, where it specializes in the production of electric strikes, electro-mechanical and electro-magnetic locks, as well as complementary access control solutions and door control products. Dorcas solutions...
acre security research reveals key trends in adoption of visitor management solutions
February 26, 2024SSN Staff
PLANO, Texas – Security systems provider acre security recently unveiled a comprehensive report on the latest trends in visitor management systems.
According to acre, the research was conducted in collaboration with Censuswide and highlights significant insights into the adoption of visitor management solutions in mission-critical industries, such as financial services and pharmaceuticals.
“Valued at $1.43 billion in 2023, the global visitor management system market is anticipated...
Allegion Q4 report shows a return to trends
February 23, 2024SSN Staff
DUBLIN – Allegion, a global security products and solutions provider, have reported on the financial results for its fourth quarter (Q4) (ended Dec. 31, 2023).
The company reported fourth-quarter 2023 net revenues of $897.4 million and net earnings of $118.6 million, or $1.34 per share. Adjusted net earnings were $148.5 million, or $1.68 per share, down 0.6%, excluding charges related to restructuring, acquisition and integration costs and other non-cash impairment charges, as well as amortization...
Securitas training 10,000 data center professionals
February 21, 2024SSN Staff
STOCKHOLM – Securitas has revealed that it aims to certify 10,000 officers as data center security and safety professionals following the establishment of the Global Clients Data Center Group in 2023.
Securitas said it’s now taking an important next step by strengthening the skills of its security officers by introducing a certification for managing data centers’ diverse security challenges with efficiency and expertise. Calling data centers the unseen backbone that enables everything...
Salto Systems evolves to become SALTO WECOSYSTEM
February 13, 2024SSN Staff
OIARTZUN, Spain –Salto Systems, a global supplier of keyless electronic access control, has announced its transformation into SALTO WECOSYSTEM.
The group unveiled its new identity which it said symbolizes a comprehensive evolution, embracing a holistic approach, and reflecting the company’s commitment to innovation and the integration of brands, companies and cutting-edge technologies.
Under the SALTO WECOSYSTEM brand umbrella, three independent core brands have been established...
JLM Wholesale joins Lockmasters
February 1, 2024SSN Staff
OXFORD, Mich. – JLM Wholesale, a provider of security door hardware, has announced that it is joining with Lockmasters Inc.
In a letter dated Feb. 1, 2024, JLM Wholesale President Jim Lee addressed partners about the change. “Thank you for trusting JLM Wholesale as your source for door hardware. We appreciate and value your business as we continue to provide you and your customers the highest quality products and services. Your continued loyalty has allowed us to grow and...