CLEVELAND HEIGHTS, Ohio—Officials here are at the beginning stages of a plan to establish a “security cluster,” in this city. They want to make Cleveland Heights a regional center for security technology development and installation expertise, and they’ve already got one security company onboard: intelligent access control company FST21.
SCHAFFHAUSEN, Switzerland—Tyco International will acquire security product manufacturer Visonic for $100 million, the company announced today. The deal is expected to close before the end of the year and is subject to customary closing conditions.
BEDFORD, Mass.—VideoIQ’s new CEO, Ed Bednarcik, who is known for readying companies for IPOs, outlined steps he’ll take to take VideoIQ “to the next level,” during a Sept. 12 interview with Security Systems News.
COLUMBIA, S.C.—Electric Guard Dog, based here, a manufacturer and installer of a solar-powered perimeter security system that is electrified and monitored by a central station, announced this week that it secured a new $42.5 million credit facility with CapitalSource.
HORSHAM, Pa.—The change in leadership at Mace Security International does not signify a change in plans for the company, but rather, a change in the character of the company, Richard Barone, chairman of the Mace Board of Directors and chairman of the executive committee for the Ancora Group, told Security Systems News.
NEVE ILAN, Israel—BriefCam will introduce a new on-demand model of its Video Synopsis software at next month’s ASIS conference, said company CEO Dror Irani.
The Israel-based company, which last week announced a partnership with Pivot3, believes the ability for end users to create on-demand video synopses will offer easier access to “business intelligence” and reduce the amount of hardware needed compared to a traditional video surveillance and analytics model, according to Irani.