Archive: 2018
Gorilla Technology announces $15m in funding from SBI Group
December 28, 2018
TAIPEI, Taiwan—Gorilla Technology Group, an edge AI and computer visions solutions provider, has secured $15 million in D-round funding from SBI Investment, a financial services company in Japan. The funding came before Gorilla's announcement to participate in the upcoming Consumer Electronics Show (CES) to be held January 8-11, 2019 in Las Vegas. This is SBI's first investment in a Taiwanese, AI-focused company and will give SBI minority stake in Gorilla Technology.Gorilla reached out to SBI,...
ACRE to acquire Texas-based Open Options
December 19, 2018Paul Ragusa
LAS VEGAS—ACRE, a global security services and products company, announced today it has entered into a definitive agreement to acquire Open Options based in Addison, Texas. This purchase will enhance ACRE's strategic expansion plans for strengthening its access control business and product portfolio, particularly in North America.Financial details of the transaction were not released. The transaction is expected to close in the fourth quarter of 2018.ACRE's CEO, Joseph Grillo, stated that this...
ADT and West Corporation team up
December 19, 2018SSN Staff
BOCA RATON, Fla. and OMAHA, Neb.—ADT and the West Corporation, a global technology-enabled services company, announced that they have entered into an agreement to enhance customer experiences with 911 emergency communications. Through this arrangement, ADT will use West's Emergency Response Link (ERL) to help ensure homes and businesses monitored by ADT benefit from the most accurate location data available so that the correct response teams are deployed even faster.ERL is a fully managed,...
Integration of smart devices key to driving RMR growth
December 19, 2018SSN Staff
DALLAS—New research from Parks Associates shows the integration of smart home products will be key to drive new recurring monthly revenue (RMR) growth among security companies.Parks' “360 Deep Dive: Driving RMR Growth with Add-on Products & Services” notes the security industry has experienced flattening RMR growth as adoption of interactive services has exceeded 50 percent of security subscribers.“Today, over three quarters of new security subscribers have interactive services,...
A (Re) Introduction and Homecoming
December 19, 2018Ginger Hill
“It's good to be back.” This phrase has been running through my mind since I joined SSN's editorial team as managing editor just a few days ago. I have fond memories of the security industry, and although a lot has changed and I have some re-learning to do, I'm refreshed and ready to take it on.
Having served the security industry previously for three years, and after about a four-year hiatus, I'm back to doing what I love: meeting industry professionals, writing and...
Doyle grows Rochester presence with latest deal
December 19, 2018Paul Ragusa
ROCHESTER, N.Y.—Doyle Security Systems Inc., a regional provider of residential and commercial security, fire and medical monitoring systems for nearly 100 years, has announced a merger with ADG Security, a privately held company located in Hilton, N.Y. The acquisition will result in 1,800 new customers to be monitored by Doyle's emergency response center located in Henrietta, N.Y.Four ADG Security employees will join Doyle Security at their headquarters in various roles, including ADG Security's...
Security Systems News hires new managing editor
December 19, 2018Paul Ragusa
Security Systems News is excited to announce the hiring of Ginger Schlueter as the new managing editor of the publication. Ginger brings three years of prior security industry reporting experience, as well as a proven track record in both print and online media, with particular expertise in social media.
As Ginger says in her first blog post today, she is happy to be back in the security industry after spending a few years away as a freelancer.
“I have fond memories of the security industry,...
Enterprise video to generate $12 billion in value-added services revenue by 2023
December 19, 2018SSN Staff
OYSTER BAY, N.Y.—Enterprise video surveillance camera connections will top 348 million by 2023 and these systems will generate value-added services revenues of $12 billion, according to new research from ABI Research, a market-foresight advisory firm based here.ABI Research noted that as the video surveillance industry continues its transition toward IP camera systems with edge and on-device analytics capabilities, solution providers continue to offer connected products and services with vastly...
TechSec Solutions to feature Security Industry Mega Panel
December 17, 2018Paul Ragusa
YARMOUTH, Maine—Security Systems News is excited to announce its TechSec Solutions conference, Feb. 25-26, 2019, in Delray Beach, Fla., will include a Security Industry Mega Panel featuring leaders from the industry's top associations and organizations, who will come together to give their perspective on, and vision for the future of security.The session brings together Don Erickson, CEO, Security Industry Association, Merlin J. Guilbeau, CEO, Electronic Security Association Inc., Michael Gips,...
SIA opens submissions for ISC West New Product Showcase Awards
December 12, 2018SSN Staff
SILVER SPRING, Md.—Submissions are now open for the Security Industry Association's (SIA's) New Product Showcase (NPS) Awards at ISC West 2019.
NPS, established in 1979, is the security industry's premier awards-based marketing program, recognizing innovative security products, services and solutions used to protect life and property in residential, commercial and institutional settings.
“Participating in the NPS—the leading awards program at the largest trade...