Archive: 2024
Securitas: ‘We are taking actions to improve performance’
May 10, 2024Ken Showers, Managing Editor
STOCKHOLM — Securitas saw a welcome improvement in the U.S. but fell short in Europe due to integration issues and its airport security business, according to the company’s interim report for the months of January-March.
Overall, Securitas saw an operating income before amortization of MSEK 2.357 billion, or roughly $217 million USD. It gained an impressive 6% increased operating margin improvement thanks to North American operations and its performance in Ibero-America. Seasonality...
Alarm.com touts cross-selling, data mining
May 10, 2024Ken Showers, Managing Editor
TYSONS, Va. — Alarm.com CEO Steve Trundle, in a recent conference call, highlighted the company’s Connected Fleet offering, which it began offering to partners in April and which he says sets the stage for cross-selling opportunities.
The company talked up the offering – a cloud-based vehicle management solution – with partners at ISC West 2024.
“Many of our partners indicated that connected fleets product integration, along with their existing trusted...
Interface rolls out enhanced customer portal, participating in webinar SOC tour
May 10, 2024SSN Staff
ST. LOUIS — Managed service provider Interface Systems has released it's now enhanced customer portal, One View Edge.
The service promises its customers greater visibility and easier access to critical information on all Interface services.
According to Brian Garavuso, CTO at Interface, “The new One View Edge portal will provide immediate benefits to our customers with its intuitive user interface, comprehensive network analytics, security management, and streamlined self-management...
Axis Communications upgrades Texas presence with new Dallas Experience Center
May 9, 2024SSN Staff
CHELMSFORD, Mass. – Axis Communications has celebrated the grand opening of its latest Axis Experience Center (AEC) in Frisco, Texas.
Axis said that the new Dallas-area facility replaces its original Irving AEC location with a larger, state-of-the-art facility built to accommodate the need for a greater Axis presence in North Texas as its product portfolio expands and its partner ecosystem grows. The space also offers additional meeting space, with plans to expand staffing in the future.
With...
SIA launches new community for veterans in security
May 8, 2024SSN Staff
SILVER SPRING, Md.—The Security Industry Association (SIA) has announced the launch of the SIA Veterans in Security Forum, an all-new community focused on the issues and concerns of veterans and active military members who are in, or are interested in joining, the security industry.
SIA has appointed Jeff Huggins of ASSA ABLOY Door Security Solutions as chair of the new group.
The SIA Veterans in Security Forum is the newest SIA community and will focus on providing resources,...
WHIRC earns Five Diamond certification from TMA
May 8, 2024SSN Staff
ROCKFORD, Minn. — WH International Response Center (WHIRC) recently renewed its “TMA Five Diamond Monitoring Center” designation from The Monitoring Association (TMA) for the 21st straight year.
WHIRC first earned the “Five Diamond” designation in 2004. It is granted annually to monitoring centers that satisfy all the requirements of the “five points of excellence.” These are:
Commitment to ongoing job-related education and testing by having 100%...
File hosting service Dropbox breached by cyberattack
May 8, 2024Ken Showers, Managing Editor
SAN FRANCISCO — There’s been another major disruption to hit the cybersecurity world, as online file hosting service Dropbox has reported a data breach with the U.S. Security and Exchange Commission (SEC).
In its SEC filing, the company says it became aware of the incident in April.
“When we became aware of the incident, we launched an investigation with industry-leading forensic investigators to understand what happened and mitigate risks to our users,”...
NAPCO locks in Q3
May 8, 2024Cory Harris, Editor
AMITYVILLE, N.Y.—Richard Soloway, CEO of NAPCO Security Technologies, attributed “recurring revenues enabled by hardware innovations” as the catalyst to a 14th consecutive record-breaking quarter for sales during the third quarter of fiscal 2024.
Net sales increased 13% to $49.3 million - the highest quarterly sales in the company's history - while recurring service revenue (RSR) increased 29% to $19.5 million, representing 40% of total revenue.
Locked...
‘No stone unturned’ as Resideo seeks value from acquisition
May 8, 2024Ken Showers, Managing Editor
SCOTTSDALE, Ariz. – Resideo Technologies’ recent acquisition of Snap One provided a nice layup for company executives to talk about the impact on the company’s financial performance during a recent conference call.
Resideo President and CEO Jay Geldmacher told investors on the call that Resideo had identified meaningful cost synergies between ADI and Snap One.
“Needless to say, the team is quite excited about the future integration of Snap One into Resideo,...
Quarter pounded
May 8, 2024Ken Showers, Managing Editor
Dire continuity yields to the march of time as this week marks cleanup for the industry’s quarterly financial results.
One more to go as of writing this and then the second quarter (Q2) 2024 begins for me in earnest, but most companies have probably been eager to get a jump on Q2 for some time now. It’s no secret that it’s been a rough financial quarter for everyone in one way or another, I don’t even think it’s confined to the security industry either! Go peek at...