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Vidsys founder James Chong named CEO

Information management, IoT markets are next frontiers for PSIM provider

VIENNA, Va.—The new CEO of VidSys is not new to the company. James Chong, who on Jan. 26 was named CEO of the PSIM provider, founded VidSys in 2005 and has also served as CTO.

Canon to buy Axis for $2.8 billion

Kessler: Price is ’50 percent premium over yesterday’s closing price’

TOKYO—One year after buying the leading VMS provider, camera manufacturer Canon has made an offer to buy Axis Communications, the leading network camera provider, for $2.8 billion cash.

Panasonic to buy Video Insight

Strategy is to expand further into education market

OSAKA, Japan—Panasonic on Feb. 3 announced it has an agreement to acquire VMS provider Video Insight, based in Houston, Texas.

Creating the perfect image

Women in security technology profile: Ellen Cargill, CTO, Scallop Imaging

BOSTON—She’s been creating imaging systems for more than 25 years, but Scallop Imaging CTO Ellen Cargill says doing this kind of work in the security field is different.

Avigilon buys BRS patents, others for $13m

One month after spending $80 on ObjectVideo’s patents, Avigilon ‘tries to lock in IP in a whole range of analytical algorithms’

VANCOUVER, British Columbia—Avigilon today announced it spent $13.3 million acquiring video analytics patents that extend into behavioral recognition, video segmentation and meta-data and more. This deal comes one month after the video surveillance provider spent $80 million to acquire patents from ObjectVideo.

Rothman retires from Honeywell, Paja named new president


MELVILLE, N.Y.—Honeywell announced today that Ron Rothman, who has been with the company for 30 years, has retired. David Paja, 45, will take over as president of Honeywell Security Group on Jan. 19.

PPM’s new owner plans to acquire more security and compliance players

Toronto equity fund buys PPM, Will Anderson named CEO

EDMONTON, Alberta—A Toronto-based equity fund, which purchased PPM in December, plans to use the incident management software provider as a platform to build a larger and more diverse company.

Hikvision spins off division in Canada


CITY OF INDUSTRY, Calif.—Hikvision has established Hikvision Canada to focus on the video surveillance market in Canada. It plans to add additional regional managers, field engineers and a bilingual French-English technical support staff based in Montreal.

Honeywell takes connected home to masses at CES

Honeywell Security debuts its talking Lyric security system at consumer show

LAS VEGAS—As “connected home” has become a household phrase, industry stalwart Honeywell Security is taking its message to the masses, introducing its Lyric security system at CES, the giant consumer electronics show taking place here this week.

Nortek takes new approach

Rosenthal: After rebranding, Linear, 2GIG and Go!Control subsidiaries will work together

LAS VEGAS—Nortek Security has acquired a number of companies over the years, including Linear and 2GIG. As a holding company, Nortek mostly allowed those companies to do business as they saw fit.



SSN News Poll November 2015

Security industry executives need to make careful decisions about attending tradeshows and conferences. Time away from the office needs to be worth the time and money. How do you decide which events to attend?

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