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Fortem raises $1.43m

PSIM provider feeling confident in prospects for growth

MONTREAL—Saying that its Omnipresence 3D can do “more intelligent data aggregation” than other PSIM products on the market, Fortem recently announced that it has raised $1.43 million in additional funding.

Tri-Ed/Northern buys SGI

Deal brings 13 branch offices in the Southwest, and Tri-Ed will also open an office in Cincinnati

WOODBURY, N.Y.—Tri-Ed/Northern today closed a deal to buy San Antonio-based SGI, a wholesale distributor with 13 branches and about 80 employees, Pat Comunale, Tri-Ed/Northern president and CEO, told Security Systems News.

Holly Tsourides: Focus on results, find a mentor and develop relationships

For the fourth consecutive year, Security Systems News is profiling women who are making their mark in the traditionally male-dominated world of security. Tsourides, chief sales and marketing officer for VideoIQ, is one of six women featured.

Avigilon wants to grow to $500m in revenue by 2016

CEO Fernandes says higher profile aids growth initiatives

VANCOUVER—One year after its November 2011 IPO, high-definition surveillance solution provider Avigilon is enjoying a high profile, which CEO Alexander Fernandes said is aiding the company’s growth initiatives going into 2013.

Observint gets into access control with infinias buy

Farley: By Q1, Observint will have broader range of distribution partners

AUSTIN, Texas—Three months after helping LG Electronics relaunch its security products in the United States, Observint Technologies on Nov. 7 announced that it has acquired access control provider infinias.

FLIR buys Lorex for $59 million

FLIR to deploy 'a lot more cameras,' predicts thermal technology will be common in cameras sold through the channel and in ‘big box’ stores

WILSONVILLE, Ore.—With a plan to make thermal technology ubiquitous in enterprise and consumer-grade cameras, FLIR Systems on Oct. 25 agreed to pay $59 million to acquire Lorex Technology, a Toronto-based video surveillance provider.

Prism Skylabs raises $7.5 million

Startup’s product will be available for download in November

SAN FRANCISCO—Prism Skylabs, a startup company that "leverages data from existing video surveillance cameras to unlock information on customer patterns, trends and behaviors," on Oct. 16 announced it had raised another $7.5 million in funding.

Management changes at Avigilon

COO Andrew Martz to step down

VANCOUVER—Avigilon, a rapidly growing provider of high-definition surveillance products, announced this week that COO Andrew Martz will resign at the end of the year. The COO position will be divided into two new roles: EVP of product development and EVP of global operations.

ECKey closes funding round

Investors include industry vet Robert Chefitz

LANCASTER, Pa.—ECKey, a startup manufacturer of smartphone access-control readers and systems, has closed its first funding round, Paul Bodell, ECKey president, told Security Systems News.

Exacq expanding headquarters


FISHERS, Ind.—Exacq Technologies is expanding its offices for the third time since moving into its headquarters here in 2009.



SSN News Poll November 2015

Security industry executives need to make careful decisions about attending tradeshows and conferences. Time away from the office needs to be worth the time and money. How do you decide which events to attend?

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