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Z-Wave Alliance announces support of cybersecurity labeling programs for IoT devices

May 3, 2024SSN Staff

BEAVERTON, Ore. – The Z-Wave Alliance, the standards development organization, announced its full support of the latest cybersecurity labeling programs for IoT and connected devices. In conjunction with the Z-Wave Alliance Summit & Unplug Fest 2024, the Alliance has announced that the Z-Wave protocol security framework meets, and in some cases exceeds, the regulations and requirements set forth by the recently announced U.S. Cyber Trust Mark. “Robust device security has long-stood...

Avi Rosenthal, Cybersecurity, Internet of Things (IoT), Z-Wave Alliance


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LVT adds Cranney as CRO

May 3, 2024SSN Staff

AMERICAN FORK, Utah – LiveView Technologies (LVT), a customizable mobile surveillance solutions provider, has appointed Mark Cranney as chief revenue officer (CRO). Cranney will oversee the expansion of the company’s go-to-market strategy and operations. “Life safety and security are urgent initiatives for enterprises, educational institutions, and government agencies,” said Cranney. “I’m in awe of the results customers have with LVT, which is creating a safer...

chief revenue officer (CRO), LiveView Technologies (LVT), Mark Cranney, mobile surveillance, Ryan Porter


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Q2 sales flat for Johnson Controls, may be eyeing sale of ADT Alarms business

Commercial

Q2 sales flat for Johnson Controls, may be eyeing sale of ADT Alarms business

May 3, 2024SSN Staff

CORK, Ireland – Johnson Controls International (JCI) plc has reported its fiscal second quarter (Q2) 2024 results, and the company may be looking to divest itself of one of its non-core businesses.  GAAP earnings per share (“EPS”) of $(0.41). Excluding special items, adjusted EPS was $0.78 (see attached footnotes for non-GAAP reconciliation). Sales in the quarter of $6.7 billion were flat compared to the prior year on an as reported basis and increased 1% organically. GAAP...

2024, George Oliver, HVAC, Johnson Controls (JCI), Second Quarter (Q2), smart buildings


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NAPCO StarLink Operations Center (NOC) receives SOC 2 rating

May 3, 2024SSN Staff

AMITYVILLE, N.Y.—NAPCO Security Technologies has announced that its StarLink Network Operations Center (NOC) is now SOC 2 rated. In addition to its UL-listed certifications, NAPCO’s StarLink NOC has undergone rigorous criteria to implement and meet SOC policies & trust services criteria for cybersecurity and data privacy protection, i.e., providing added security for all NAPCO dealer accounts. NAPCO took these important steps even as cyberattack breaches and huge ransomware demands...

NAPCO Security Technologies, network operations center, SOC 2, StarLink


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SimSpace welcomes Matt Knutsen as new CRO

May 2, 2024SSN Staff

BOSTON – SimSpace has announced the appointment of Matt Knutsen as its new Chief Revenue Officer (CRO). Knutsen is expected to spearhead the company’s global sales and revenue growth strategy, drive expansion initiatives, and foster strategic partnerships to stress test businesses’ and state agencies’ people, processes and technologies. A two decade veteran of the field, Knutsen most recently held the position of CRO at cyber training provider Immersive Labs, where he...

chief revenue officer, Cybersecurity, Matt Knutsen, SimSpace, William Hutchison


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NAPCO promotes two new sales directors

May 1, 2024SSN Staff

AMITYVILLE, N.Y. – Napco Security Technologies, Inc., have announced the recent promotion of two regional sales managers, to Sales Director, Troy Bonnano, for Napco Security & Fire, and Rob Etmans, for Napco Access Pro divisions. Stephen Spinelli, SVP of Sales for NAPCO Security Technologies, and its divisions said, “Both these sales professionals, joined the Company about 4 years ago, and in a relatively short time have distinguished themselves, with superior sales performance, dedication...

NAPCO Security Technologies, Rob Etmans, security industry, Stephen Spinelli, Troy Bonnano


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AlarMax welcomes James Ure as vice president of sales & marketing

May 1, 2024SSN Staff

PITTSBURGH – National security, audio visual (AV), and low-voltage products distributor AlarMax has just appointed James Ure as vice president of sales and marketing. AlarMax pointed to Ure’s rich expertise in product development, business strategy and customer engagement, along with a lifelong enthusiasm for AV technologies that will be an asset to the company as it continues to grow within the residential and pro AV categories. Ure’s AV career spans 35 years, beginning  in...

AlarMax, audio visual, Distributor, James Ure, Randy Hall, Residential


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ASSA ABLOY seeks to ‘protect the bottom line’ in US

Residential

ASSA ABLOY seeks to ‘protect the bottom line’ in U.S.

May 1, 2024Ken Showers, Managing Editor

STOCKHOLM – As challenges continue to mount in the residential security market in the U.S., ASSA ABLOY is making sure it “adapts cost to the new reality,” says President and CEO Nico Delvaux.  “It's clear that we continue to operate in an uncertain economic climate,” he said. “As I said in previous quarters, we will continue to take advantage of those opportunities we see in the market. There are still regions where we see very good momentum. There...

2024, Assa Abloy, First Quarter (Q1), Mergers & Acquisitions, Nico Delvaux, Residential Security


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Allegion off to 'solid start’

Suppliers

Allegion off to 'solid start’

May 1, 2024Ken Showers, Managing Editor

DUBLIN – A healthy institutional market helped Allegion plc beat earnings estimates in the first quarter (Q1) of 2024, the fourth quarter in a row.  “Allegion is off to a solid start in 2024, and I'm very proud of our entire team,” Allegion CEO John Stone told investors. “Institutional markets remain healthy as we expected, our team continues to leverage our capabilities in spec writing, made-to-order manufacturing and strong distribution partnerships to best serve...

Allegion, Boss Door Controls, Dorcas, First Quarter (Q1), John Stone, Mergers & Acquisitions


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myQ expands ecosystem with launch of first smart indoor camera

May 1, 2024SSN Staff

OAK BROOK, Ill.—myQ has unveiled the latest evolution in its Smart Access Ecosystem with the launch of its Smart Indoor Camera from Chamberlain Group, a global provider of intelligent access. With the new myQ Smart Indoor Camera, users can keep an eye on the inside of their home from anywhere, anytime – all through the myQ app. “We continue to expand the value of our myQ ecosystem with the new Smart Indoor Camera, which provides homeowners line of sight to all activity in...

Chamberlain Group (CG), Jackie Lorenty, myQ, Smart Access Ecosystem


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