Archive: April 2021
Registration opens for GSX 2021
April 30, 2021SSN Staff
ALEXANDRIA, Va.—ASIS International, the world’s largest association for security management professionals, has opened registration for Global Security Exchange (GSX) 2021, a hybrid event taking place September 27-29 that will offer a digital experience on the GSX online platform, as well as an in-person event at the Orange County Convention Center (OCCC) in Orlando, Fla.
“Building resilience among security professionals begins with knowledge, and GSX is where global...
ISS releases SecurOS Soffit solution for pedestrian safety
April 30, 2021SSN Staff
WOODBRIDGE, N.J.— ISS – Intelligent Security Systems, a leading supplier of intelligent Video Management System (VMS) and analytics for myriad security and business intelligence applications, has released its SecurOS Soffit Intelligent system that escorts pedestrians using dynamic illumination to prevent accidents at crosswalks.
A recent survey conducted by the Governors Highway Safety Association points out that most pedestrian fatalities occur on local roads, at night and...
Vivint to pay $20M to settle FTC claims it misused consumer credit reports
April 29, 2021Paul Ragusa
PROVO, Utah—Smart home security and monitoring company Vivint Smart Homes Inc. has agreed to pay $20 million to settle Federal Trade Commission (FTC) allegations that the Utah-based firm misused credit reports to help unqualified customers obtain financing for the company’s products and services.
Under the settlement, Vivint will pay a $15 million civil penalty and an additional $5 million to compensate injured consumers.
In a complaint filed by the Department of Justice on behalf...
My Alarm Center to restructure under Chapter 11 protection
April 29, 2021SSN Staff
NEWTOWN SQUARE, Pa.—Home security provider, My Alarm Center, filed for Chapter 11 protection this week, with 100 percent of its senior lenders and other key stakeholders agreeing to support the company’s prepackaged plan of reorganization that provides for elimination of approximately $235 million of legacy debt obligations, the company told Security Systems News.
My Alarm Center said it will continue to operate in the “ordinary course of business” during the restructuring...
Former ESA president Cecil Hogan dies at 73
April 29, 2021SSN Staff
DALLAS—Cecil Hogan, founder and president of Security Consultants, Inc. in Memphis, Tenn., and president of the Electronic Security Association (ESA) from 2002-2004, passed away on April 24, 2021. He was 73.
Hogan served 13 years on the ESA Executive Committee, and in 2004, he was awarded the industry’s most prestigious award, the ESA Morris F. Weinstock Award, which recognized his lifetime of service to the electronic security and life safety industry.
During his ESA presidency,...
Eagle Eye Networks begins to soar
April 28, 2021Paul Ragusa
AUSTIN, Texas—Security Systems News caught up with top leadership from global cloud video surveillance pioneer Eagle Eye Networks, just ahead of the company’s announcement of record Q1 2021 revenue growth, and greater than 85 percent year-over-year revenue growth in 2020.
As Eagle Eye Networks Founder and CEO Dean Drako pointed out, the company “has passed the tipping point in the video surveillance industry's adoption of cloud video, as businesses of all types and sizes...
Left to One’s Safe Devices
April 28, 2021Cory Harris, Editor
I’m sitting in my kitchen typing this blog on my laptop, while I respond to emails and texts on my cellphone. My kids are on their PCs for their sixth-grade Google meets, while watching TikTok videos and playing online video games (which they shouldn’t be doing during remote learning, but it works for the premise of this blog).
The use of multiple devices simultaneously is a scene at the Harris household that has been a routine occurrence for more than a year now. Millions of other...
BCDVideo, Wasabi join forces to deliver cloud video surveillance storage
April 28, 2021SSN Staff
BUFFALO GROVE, Ill. —BCDVideo, a global leader in video data infrastructure, announced that it has partnered with hot cloud storage provider Wasabi to provide video surveillance storage in the cloud.
In an industry moving rapidly toward a hybrid-cloud model, this partnership expands the ability for both manufacturers to offer their customers a complete package - BCDVideo’s purpose-built, on-premises storage options and Wasabi’s competitive hot cloud storage solutions. Together,...
Hikvision sustains continued growth for fiscal year 2020
April 28, 2021SSN Staff
CITY OF INDUSTRY, Calif.—Hikvision, a world-leading manufacturer and supplier of security products and solutions, announced that it generated a total revenue of $9.78 billion (RMB 63.50 billion) for fiscal year 2020, having achieved a year-over-year (YoY) growth of 10.14 percent.
Net profits attributable to shareholders of the company were $2.06 billion (RMB 13.39 billion) reflecting YoY growth of 7.82 percent.
“As for the business in the United States, while the challenges...
Interface releases AI-based autonomous Anti-Loitering System
April 28, 2021SSN Staff
EARTH CITY, Mo.—Interface Security Systems, a leading managed service provider delivering business security, managed network, UCaaS (Unified Communications as a Service), and business intelligence solutions to distributed enterprises, announced a new AI-based Anti-Loitering System designed to prevent intrusions before they happen.
The system features an AI-based object detection system that can detect people or vehicles and trigger pre-recorded, scenario-specific voice messages...