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Hikvision secures $3b credit facility

Funding earmarked for R&D, infrastructure and equipment and technology
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08/22/2016

CITY OF INDUSTRY, Calif.—Hikvision announced that it has secured a five-year, $3 billion credit facility with Export-Import Bank of China, which will enable the video surveillance company to earmark additional funds for global research and development, infrastructure, equipment and technology procurement.

3xLOGIC expanding to meet demand

Move to new HQ, larger training facility reflect company’s growth
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08/17/2016

WESTMINSTER, Colo.—3xLOGIC, a provider of integrated intelligent security solutions, recently moved into a new, larger HQ here and expanded its Florida Innovations Center facility to meet the increased demand in commercial markets, and to support its expanded university training schedule and locations.

Comnet founder George Lichtblau dies

Innovator in fiber optics passes away at age 78
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08/10/2016

DANBURY, Conn.—Comnet founder, CEO and long-time entrepreneur George J. Lichtblau passed away on Aug. 3, following a long battle with cancer. He was 78.

Pivot3 sees record growth in 2016

Company points to ongoing trends in video surveillance as factors
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08/10/2016

AUSTIN, Texas—Pivot3, a storage solution and hyper-converged infrastructure provider based here, saw record growth in the first six months of 2016—a result of ongoing higher demand and advancing technologies in the video surveillance space.

ScanSource to acquire Intelisys

Company looks to enter telecom and cloud services market
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08/10/2016

GREENVILLE, S.C.—ScanSource, Inc., a global provider of technology products and solutions based here, has entered into a definitive agreement to acquire Intelisys Communications, Inc., a technology services distributor of business telecommunications and cloud services, for about $83.6 million.

Denis Hébert named president of Feenics

Former HID CEO joins cloud-based access control startup
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08/03/2016

OTTAWA—Denis Hébert, current chairman of the board of SIA, and the former CEO of HID Global, today was named president of Feenics, a cloud-based access control manufacturer.

HID Global buys DemoTeller

Deal provides new regulatory-compliant offering for financial institutions
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07/20/2016

AUSTIN, Texas—Identity solution provider HID Global on July 18 announced the acquisition of DemoTeller, a provider of instant issuance solutions for the financial market. 

TSP expands Connected Partner Program

Expanded integration library designed to benefit integrators
 - 
07/18/2016

WESTFORD, Mass.—Tyco Security Products recently added two offerings—Kantech and victor client—into its Connected Partner Program along with Illustra, American Dynamics and Software House.

Avi Naor invests in FST, joins board

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07/06/2016

RISHON LEZION, Israel—FST Biometrics, provider of In-Motion Identification biometric technology, announced that FST board member Avi Naor made an investment of an undisclosed amount in FST Biometrics and has been appointed chairman of the board.

ADT to add Engarde to its CRM options

CRM will enable ADT dealers to do credit checks, e-contracts, homeowner verification, among other capabilities
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07/06/2016

SALT LAKE CITY—Engarde, a cloud-based CRM software company based here, is set to begin integrating with ADT, Timm Tippetts, president of Engarde, told Security Systems News.

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Poll

SSN News Poll October 2016

ESA and SIA have recently come out against the latest overtime ruling, which more than doubles the threshold for earning overtime pay. How will it impact your business?