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Raymond James goes to Washington

Security investment banking group expands expertise in cybersecurity, intelligence communications and defense electronics

WASHINGTON—Investment banking group Raymond James now has an office here and has added five new bankers to its Security, Defense and Government Services practice.

Leong new CFO of Avigilon


VANCOUVER, British Columbia—Ric Leong has been named CFO of video surveillance provider Avigilon Corporation. He replaces Wan Jung, who will continue to serve on the company’s board of directors.

Nortek Security & Control buys Numera for mPERS

With acquisition, company will be on forefront of ‘aging in place,’ president says

CARLSBAD, Calif.—Nortek Security & Control has purchased Numera Inc. for a reported $12 million. sets price at $14 per share

Stock to begin trading on NASDAQ today

VIENNA, Va.— Holdings Inc. has priced its initial public offering of 7 million shares of common stock at $14 per share. The shares are expected to begin trading on NASDAQ today, June 26, under “ALRM,” according to the company.

Vigilance is up and running

New emergency notification system developer looking to broaden footprint

SOUTH PORTLAND, Maine—Vigilance, a relatively new player in the ENS market based here, already has a Northeast presence with hopes of greatly expanding its footprint.

3VR sees benefit in rep firms

Rep firms help the company expand in geographies, verticals

SAN FRANCISCO—3VR, a video intelligence company based here, expanded a year ago into a manufacturer representative model with positive results in the last 12 months.

Stefan Widing to lead HID Global

Widing replaces Denis Hebert who left in May

STOCKHOLM—Stefan Widing will take over as head of HID Global and EVP of ASSA ABLOY, parent company of HID, on Aug. 1.

Drako pays $50m cash for Brivo

Barracuda Networks and Eagle Eye Networks founder buys cloud-based access control company, said move to cloud-based systems is accelerating

AUSTIN, Texas–Dean Drako, founder of Barracuda Networks and Eagle Eye Networks, today announced his purchase of Brivo Systems for $50 million cash.

Deal closed: Vanderbilt buys Siemens Security Products


PARSIPPANY, N.J.—Vanderbilt Industries today announced it has completed the acquisition of the Security Products business from Siemens.

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.



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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