Suppliers
Bosch: Selling security product business to Triton a ‘strategic’ move
December 18, 2024Cory Harris, Editor
STUTTGART, Germany—Bosch’s sale of its security and communications technology product business to investment firm Triton was a strategic move designed to focus on the company’s systems integration business, says Christian Fischer, deputy chairman of the board of management of Robert Bosch GmbH.
The divestiture of Bosch’s Building Technologies division’s product business for security and communications technology to the London-based Triton, which encompasses three...
Carrier tightens portfolio amid turbulence
December 17, 2024Ken Showers, Managing Editor
PALM BEACH GARDENS, Fla.— Carrier Global’s recent sale of its commercial and residential fire business is a move calculated to simplify the company’s portfolio and refocus its efforts at a time of international turbulence.
Other companies inside and outside of the security industry have been similarly streamlining their portfolios. ADT sold its commercial business in 2023 and closed its solar division the following year to focus on its residential security business.
Similarly,...
Bosch sells security, communications technology product business to Triton
December 12, 2024SSN Staff
STUTTGART, Germany—Bosch has announced the sale of its Building Technologies division’s product business for security and communications technology to the European investment firm Triton. Terms of the deal were not disclosed.
The transaction encompasses three business units – Video, Access and Intrusion, and Communication – that represent the entire product business of Bosch Building Technologies that was offered for sale.
Outlook for the future and a new departure for...
Evolv Technology appoints John Kedzierski as CEO, president, and director
December 9, 2024SSN Staff
WALTHAM, Mass.—Evolv Technology has announced that its Board of Directors has appointed John Kedzierski as the company’s new chief executive officer, president and as a member of the board, effective Dec. 16, 2024.
Kedzierski will succeed Michael Ellenbogen, who has been serving as the company’s interim president and chief executive officer since October, when President and CEO Peter George was terminated without cause as the company continues its internal investigation involving...
Allied Universal announces acquisition of Aim Insurance Services
December 6, 2024SSN Staff
IRVINE, Calif. — Allied Universal has announced the acquisition of Aim Insurance Services, a premier provider of property loss adjusting services across Australia.
Aim Insurance Services will become part of the Allied Universal Compliance and Investigations, the global claims services business unit of Allied Universal.
“This acquisition aligns with Allied Universal’s growth strategy and commitment to providing comprehensive claims support services to insurers and third-party...
Security entrances are a 'cornerstone' of modern security
December 4, 2024Cory Harris, Editor
YARMOUTH, Maine—The changing landscape of security threats, driven by increasing risks to personnel, assets and property, has shifted the perception of security entrances from an optional feature to an “absolute imperative,” says Boon Edam’s Amanda Powell.
“Securing facility perimeters and sensitive interior areas has become more critical than ever, making security entrances a cornerstone of modern physical security strategies,” said Powell, marketing...
ASSA ABLOY acquires Finland’s 9Solutions
December 3, 2024SSN Staff
STOCKHOLM—ASSA ABLOY has announced the acquisition of 9Solutions, a Finnish provider of highly integrated AI-powered real-time locating healthcare solutions for critical communication and collaboration, with a focus on senior care.
This is the second acquisition for ASSA ABLOY in as many days after adding U.S. manufacturer Premier Steel Doors and Frames to its portfolio on Dec. 2.
"I am very pleased to welcome 9Solutions into the ASSA ABLOY Group, an exciting technological addition...
Carrier closes $3 billion sale of its commercial and residential fire business
December 2, 2024SSN Staff
PALM BEACH GARDENS, Fla.—Carrier Global Corp., a global provider of intelligent climate and energy solutions, announced it has completed the sale of its commercial and residential fire business to an affiliate of Lone Star Funds for an enterprise value of $3 billion.
"The sale of our commercial and residential fire business is the final step in our strategic portfolio transformation, further simplifying and focusing our company, and strengthening our global leadership position...
Alcatraz AI publishes new security best practices for data centers
November 25, 2024SSN Staff
CUPERTINO, Calif. — Alcatraz AI, a global provider of AI-powered biometric access control technology, has released a new eBook, Navigating the Future of Data Center Security.
As the number of data centers grows at an exponential rate leading up to 2025, Alcatraz AI said that it has compiled best practices and strategies for securing sensitive information, beginning with protecting the data center's perimeter.
A Multi-Level Approach to Data Security Begins in the Physical World
AI...
Eagle Eye Networks releases 2025 Trends in Video Surveillance report
November 25, 2024SSN Staff
AUSTIN, Texas — Cloud video surveillance provider Eagle Eye Networks (EEN) have released the 2025 edition of its annual Trends in Video Surveillance report, identifying six trends that will have the largest impact on businesses around the world in 2025.
Designed as a resource for business owners and security professionals, EEN said that the report offers trend analysis, simple explanations of newer technology, and practical advice on implementing video surveillance in new ways.
“This...