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.