ARLINGTON, Va. - An improvement in venture capital fund-raising activity overall, and a continued interest in security-related companies in particular, is on the horizon for this year, according to the National Venture Capital Association, based here.
While certainly not the doom and gloom scenario of the recent past, observers of and participants in the financial sector related to the security industry are still cautious about where things are headed, especially as they relate to financing alarm dealers.
Ã¢â‚¬Å“The financing environment for alarm companies is challenging,Ã¢â‚¬ÂÃ‚Â noted Gregory Bortz, senior vice president-investment banking at Lehman Brothers.
The editorial team at Security Systems News has scoured the seminar and workshop schedule for the National Summit on Security, and the seminars listed below are our picks from the list.
In addition to the sessions highlighted below,which by no means comprise an exhaustive list, there ar e a number of opportunities for NSS attendees to learn about government-related work, including homeland security initiatives.
Few have the funds to make a digital conversion overnight, so new technology helps make the transition easier
As the security industry continues its conversion to digital products and network-based systems, a host of interim products and solutions have sprung up, designed to ease companies into this transition.
With major investments having been made in analog cameras, matrix switchers and coax pipelines for CCTV systems, few companies have the funds or inclination to make a complete digital conversion overnight.
WASHINGTON - Just days before the end of the 2003 legislative session, lawmakers began discussions on a new piece of legislation that would grant businesses tax breaks for buying security equipment, the second such bill to be unveiled in 2003.
A maturing security industry, impacted by factors ranging from the false alarm issue to emerging technologies to mandates related to government contracts, is increasingly turning its attention to the creation and adoption of standards to keep it competitive and viable.
Most observers seem in agreement that standards administered and coordinated by the American National Standards Institute, which helps develop voluntary standards in the United States, will improve the industry and its standing within the global business community, as well as that industry-specific organizations should address issues related to their members.
The city and county of LaPorte has adopted an ordinance allowing police to fine businesses and homeowners for the cost of false dispatches from alarm systems unless there is a malfunction with the system.