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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.

Avigilon’s newest VMS can ‘listen and see’

Fifth release of Avigilon Control Center ‘unites best of IT, Web design and video game industries’

PHILADELPHIA—Megapixel video provider Avigilon at the ASIS show announced the details of the newest version of its VMS, the ACC 5.0, and demonstrated its ability to respond to voice commands and body movements.

Panasonic post reorg

Dealers to gather in Arizona

PHILADELPHIA—Panasonic dealers from security and other business units will gather in Chandler, Ariz., on Oct. 15, the first meeting since Panasonic last spring announced its latest reorganization into what is now called PSCNA, Panasonic System Communications Company of North America.

HID Global completes NFC-enabled smartphone pilot at two enterprise businesses


IRVINE, Calif.—HID Global on Sept. 25 announced the completion of two pilot programs validating how Near Field Communication (NFC)-enabled smartphones allow employees to open doors with a mobile device.

Verint to become independent, public company

Deal announced to ‘buy out’ parent company in share exchange

MELVILLE, N.Y.—If the merger deal with its parent company, Comverse Technology Inc. (CTI), goes through as planned, video surveillance provider Verint will be a 100 percent independent public company as early as February.

ASSA ABLOY buys Alarm Controls

Alarm Controls valued for customization, price point of products

STOCKHOLM, Sweden and DEER PARK, N.Y.—In acquiring Alarm Controls Corp., ASSA ABLOY is gaining a company that has the “ability and willingness to do custom work,” said Scott Baker, president of ASSA ABLOY Electro-Mechanical Specialties and OEM Group.



SSN News Poll January 2016

There's a lot of private equity interest in security. Many top security companies, such as Vivint, Protection 1, CSG Security and Alarm Capital Alliance, are PE-backed. What do you think about private equity's involvement in the security industry?

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