HANGZHOU, China—Video surveillance provider Hikvision, based here, has secured a new $3.1 billion line of credit, $1.5 billion of which is earmarked for investment outside of China, while $1.6 billion is for use inside of China, Jeffrey He, president Hikvision USA and Hikvision Canada, told Security Systems News.
WILSONVILLE, Ore.—In a deal that builds out its commercial security capabilities and adds software expertise, FLIR Systems, based here, on Nov. 30 bought video surveillance provider DVTEL for $92 million cash.
LAKE MARY, Fla.—Bill Rose, formerly ASG’s chief operating officer, is now the COO for SecureNet Technologies, a software company based here that provides a platform for various security devices in the home.
HANGZHOU, China—Video surveillance provider Hikvision is anticipating 80 percent growth in its fastest growing region, North America, according to CEO Yangzhong Hu, president of Hikvision who spoke to a group of trade media reporters, through an interpreter, at the company’s headquarters here on Oct. 26.
Some companies this year have discussed the benefit of moving from operating their own central stations to partnering with a third party monitoring center, including RFI Communications, Red Hawk Fire & Security and Comtronics. Will more companies switch to using wholesale centrals?