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acquisition

Canon to buy VMS provider Milestone Systems

Milestone will operate as stand-alone division; Canon committed to open platform
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06/13/2014

LONDON—Camera manufacturer Canon announced today that it will acquire VMS provider Milestone Systems. Terms of the deal were not announced.

Costar Technologies to buy CohuHD

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06/09/2014

COPPELL, Texas—Costar Technologies on June 4 announced that it has signed a definitive agreement to acquire CohuHD, the camera
products and video solutions division of Cohu.

HID acquires IdenTrust

Identity solution provider also launches channel program and goes to Texas
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01/22/2014

AUSTIN, Texas—From its newly christened headquarters here, identity solution provider HID Global today announced it has acquired IdenTrust, a provider of digital identities.

SecurTek acquires Scott Security Systems

The deal brings in 9,000 commercial and residential accounts in the Greater Vancouver area
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01/08/2014

YORKTON, Saskatchewan—Powered by a revolving line of credit from its parent company, SecurTek Monitoring Solutions, a provider of monitoring services for commercial and residential customers across Canada, has acquired 9,000 customer accounts from Burnaby, British Columbia-based Scott Security Systems, a company with a 30-year history in the region.

Avigilon to buy VideoIQ for $32 million on New Year’s Eve

Fernandes: Purchase brings opportunity to increase sales of VideoIQ and Avigilon
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12/31/2013

VANCOUVER, Canada—HD surveillance provider Avigilon announced Dec. 31 that it will pay $32 million to acquire VideoIQ, a Billerica, Mass.-based video analytics company.

Convergint acquires FSC

Purchase adds girth in Eastern Canada, new focus on managed services
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12/11/2013

SCHAUMBURG, Ill.—In addition to beefing up its presence in Eastern Canada, Convergint Technologies’ Dec. 2 acquisition of Future Security Controls (FSC) brings new managed services capabilities, a specialized monitoring center and new federal government clients.

Convergint buys in Florida

Acquisition of Qualified Systems Contracting brings 40 employees, three locations
 - 
10/22/2013

SCHAUMBURG, Ill.—Convergint Technologies is reaching more physical security customers in Florida, thanks to its recent acquisition of Qualified Systems Contracting, Inc.

Rapid acquisition

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Wednesday, January 23, 2013

Rapid Security Solutions of Sarasota, Fla., is growing rapidly following an acquisition, announced today, of Armenti Construction and Access Control, Inc, of Lake Worth, Fla.

I had a chance to speak to Steve Paley, president and COO of Rapid, (and also president of the new Florida chapter of ESA) this afternoon.

Paley said the deal doubles the size of his company, bringing 10 new employees and a number of accounts, notably with gated communities in the Palm Beach county area. "The former owners (Bill and Danielle Armenti) will stay on for the transition." New staff members include 6 technicians and 4 sales and office personnel. "They're outstanding. We're happy to have them join our team," Paley said.

"It's a great location; we needed to be there," Paley said. Armenti's work involved installing lots of security gates and "about 5 percent video [at the communities]," Paley said.

Rapid's plan is to go in and "on top of the gate work, we lay in video and access control ... it's a huge opportunity to gain a greater share of their wallet."

Rapid now has two offices: its home office in Sarasota and now one in Lake Worth. It has warehouses and staff members in Tampa, Orlando and Cape Coral, but Paley said the company will have brick and mortar in all locations--and plans to "double in size within two to three years."

The growth will come from acquisitions and organic growth. Paley said Rapid is "fortunate to have good financial partners that believe in our strategic plan."

Steve Rubin of Davis Mergers and Acquisitions assisted Armenti in the deal.

Look for more on this deal later this week.

A NICE Verint deal?

 - 
Tuesday, January 15, 2013

Will there be a very nice Verint NICE deal soon? That's what the rumor mill says.

Rueters reported yesterday that Verint Systems stock was up more than 7 percent and NICE shares were up 6.7 percent on reports from Globes, an Israeli financial site, that said Nice Systems is talking to Verint about buying it for $1.5 billion.

It's said to be a cash and stock offer that would "represent a 19 percent premium on its market cap of $1.26 billiion," according to Rueters.

I called NICE and Verint for comment and heard back from Erik Snider, NICE director of corporate communications. Snider said via email, "As policy, NICE does not comment on such rumors."

This possible acquisition comes as Verint is about to become an independent company, something I reported on last fall. Here's that story. 

I spoke to Michael McManus of Imperial Capital, who noted that if this deal happens it's not necessarily a "security thematic" play, as both NICE and Verint have non-security divisions. "They're much more than two VMS companies," he said.

The fact that Verint is scheduled next month to become independent from its former owner and former messy capital capital structure is important, McManus noted. (Take a look at the link above to learn about some of the compllications Verint had with its parent company.) 

Once Verint does become independent, it will be the first time that that it "would be separated from its past troubles—the first time in recent memory that it would be possible [for someone to acquire Verint] in a clean deal," McManus said.

McManus speculated that NICE may want to make a preemptive offer just as Verint is about to become public and "before a U.S.-based interloper" makes on offer for Verint.

I also have a call into  Verint, no word yet.

Stay tuned.

 

Tyco acquires Carter Brothers Fire & Life Safety

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10/29/2012

BOCA RATON, Fla. and ATLANTA—Tyco Integrated Security (TycoIS) and Carter Brothers on Oct. 26 announced that TycoIS has acquired Carter Brothers Fire and Life Safety business.

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