HANGZHOU, China—Video surveillance provider Hikvision, based here, has secured a new $3.1 billion line of credit, $1.5 billion of which is earmarked for investment outside of China, while $1.6 billion is for use inside of China, Jeffrey He, president Hikvision USA and Hikvision Canada, told Security Systems News.
WILSONVILLE, Ore.—In a deal that builds out its commercial security capabilities and adds software expertise, FLIR Systems, based here, on Nov. 30 bought video surveillance provider DVTEL for $92 million cash.
LAKE MARY, Fla.—Bill Rose, formerly ASG’s chief operating officer, is now the COO for SecureNet Technologies, a software company based here that provides a platform for various security devices in the home.
Some companies this year have discussed the benefit of moving from operating their own central stations to partnering with a third party monitoring center, including RFI Communications, Red Hawk Fire & Security and Comtronics. Will more companies switch to using wholesale centrals?