Archive: September 2016
Monitronics changes its name
September 29, 2016Spencer Ives
DALLAS—Monitronics on Sept. 30 announced a rebranding, changing the company name to MONI and rolling out a new marketing effort.
“One thing that's obviously really important to us in the new brand is to preserve our ongoing relationships with our existing dealers,” Bruce Mungiguerra, MONI's senior vice president of operations, told Security Systems News. “Investment in the new brand will create a stronger ingredient brand for our dealers—ultimately a stronger...
SIA selects Fredrik Nilsson of Axis as Lippert Award winner
September 28, 2016Paul Ragusa
SILVER SPRING, Md.—The Security Industry Association has selected Fredrik Nilsson, VP, Americas, Axis Communications, as the recipient of the 2016 George R. Lippert Memorial Award.Nilsson, who actively supports many security industry initiatives, said he is “humbled and honored” to be chosen for this prestigious award.“When I look at the list of prior recipients, there are so many good people in this industry who I have great respect for,” Nilsson told Security Systems...
ADS Security acquires fifth company this year
September 28, 2016Paul Ragusa
NASHVILLE, Tenn.—ADS Security, a super-regional electronic security and automation company based here, has acquired 1,600 customer accounts from Sanders Security of Dothan, Ala., marking its fifth acquisition of the year.“There is a team of 14 on the staff that are joining us, and I had a chance to meet them and they are great people who are very experienced,” John Cerasuolo, ADS president and CEO, told Security Systems News. “The owner, John Sanders, is staying with us and...
Specifically Speaking with Eric L. Wagner Sr., NICET
September 28, 2016Paul Ragusa
How did you get into security consulting?I began my career in the industry as the “project engineer” for SimplexGrinnell's Nashville, Tennessee office. I spent just over 19 years in that position where I assisted in sales, interpreted the design document package, ensured accurate bill of materials for equipment orders, developed point-to-point installation drawings, coordinated with field installers and contractors, developed documents for system programming, testing and commissioning,...
Mission 500 holds second annual softball game
September 28, 2016SSN Staff
EAST MEADOW, N.Y.—Mission 500, a non-profit charity driven by the security industry and dedicated to serving the needs of children and communities in crisis, raised more than $55,000 at its second annual Security Softball Game on August 20th at Eisenhower Park here, the organization announced Sept. 27.“We couldn't be more pleased with the generosity of the security community in supporting these events to assist children and families in need across our country,” Jeff Eichenlaub,...
Poll: Industry opposes overtime ruling
September 28, 2016Spencer Ives
YARMOUTH, Maine—The U.S. Department of Labor submitted revisions to the Fair Labor Standards Act that would more than double the current threshold for earning overtime pay. Industry associations, such as ESA and SIA have publicly opposed the ruling, saying it will overwhelm the small businesses in the industry. Just under half of respondents to Security Systems News' latest poll on the ruling say it should be entirely blocked.Dan Fitch, president and CEO of FCI & Associates, called the ruling...
Bates Security opens Florida branch
September 28, 2016Spencer Ives
LEXINGTON, Ky.—Bates Security, an alarm company based here and focused on central and northern Kentucky, opened a new branch in Jacksonville, Fla.“We had a strong desire to have another location, another branch,” Jeremy Bates, company president, told Security Systems News. “We have built a very successful company in Lexington and central Kentucky, and like any business, we have a strong desire for growth, and one of the ways to grow is geographically.”Bates Security...
Study: Top security companies' market share to grow
September 28, 2016Paul Ragusa
LONDON—The market share of the top 15 security equipment and services companies will continue to grow through 2020, according to latest IHS Markit Physical Security Equipment and Services Report, released this week.
The combined equipment and services market was estimated to be $123.67 billion in 2015, with the equipment market forecast to grow at a CAGR of 8.5 percent to 2020, and the services market forecast to grow at a CAGR 4.5 percent to 2020, according to Oliver Philippou, IHS Markit...
ADT joins PPVAR
September 28, 2016Spencer Ives
BOCA RATON, Fla.—ADT has joined PPVAR, the Partnership for Priority Verified Alarm Response, according to an announcement on Monday.
“As a full industry member, ADT is entitled to participate in the ongoing development of best practices between the alarm industry and law enforcement on many different levels,” Larry Folsom, president of PPVAR told Security Systems News in an email interview. “As members, PPVAR stakeholders are moving beyond the 'wait and see' of alarm verification...
Home automation market to grow at 25 percent CAGR
September 22, 2016SSN Staff
SARASOTA, Fla.—Global market research firm Zion Research published a new report that estimates that the global home automation market, which was valued at around $5 billion in 2014, is expected to reach $21 billion in 2020, growing at a CAGR of around 25 percent between 2015 and 2020.
Key aspects involved in home automation include centralized control of lighting, HVAC, appliances, security locks of gates and doors and other systems, to “provide improved convenience, comfort, energy efficiency...