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Security experts launch new cyber company

Edgewise Networks to provide network security ‘where firewalls fail,’ company says
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07/12/2017

BURLINGTON, Mass.—Edgewise Networks, a new start-up company backed by $7 million in initial capital, announced its official launch today. The company’s founders, CEO Peter Smith, a cybersecurity entrepreneur, and CTO Harry Sverdlove, former CTO of Carbon Black (formerly Bit9), are looking to provide a fresh take on network security, one that transcends the limitations of available address-centric controls.

OnSSI secures growth capital investment

Seacoast Capital investment supports company’s key business initiatives
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07/12/2017

PEARL RIVER, N.Y.—OnSSI announced on July 11 the completion of a $16 million private placement by Seacoast Capital, an institutional investor focused on high quality companies based in the U.S., with Imperial Capital acting as financial advisor and placement agent.

Hikvision stays on top in 2016 global market share

Company announces sixth straight year at No. 1 in IHS Markit’s video surveillance market report
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07/05/2017

CITY OF INDUSTRY, Calif.—Hikvision, a global supplier of video surveillance products and solutions, has announced that it has again achieved the No.1 position in market share for CCTV and video surveillance equipment worldwide in a recent IHS Markit report.

Nortek Security and Control reaches shipment milestones

Company has shipped more than 20 million IoT sensors, four million connected systems
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07/05/2017

CARLSBAD, Calif.—Nortek Security and Control on June 28 announced that it has shipped more than 20 million IoT-based security and smart home sensors, as well as four million connected systems.

Hanwha Techwin finding its own identity

Investment in new Wisenet 5 chipset, $100m Vietnam facility shows company’s commitment to innovation
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06/28/2017

TEANECK, N.J.—Hanwha Techwin, a global supplier of solutions for IP and analog video surveillance, continues to build on the momentum created with the unveiling earlier this year of its new in-house developed Wisenet 5 chipset, and the announcement of plans to open a new $100 million manufacturing facility in Vietnam.

Canon’s new company to harness the cloud

ARCUS Global Inc., a spin-off from Milestone Systems, will focus on ‘Video Cloud IoT as a Service’ business, CEO says
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06/28/2017

LONDON—Canon announced on June 27 a new business based in California called ARCUS Global Inc. Owned by Canon Europe and built on the intellectual property, technology and expertise of Canon Group company Milestone Systems, ARCUS Global Inc. will address the significant unmet global market demand from large enterprises for ‘Video Cloud IoT as a Service’ for security and business optimization.

Hikvision’s Alex Asnovich recognized by Forbes

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06/28/2017

CITY OF INDUSTRY, Calif.—Hikvision USA this week announced that Alex Asnovich, Hikvision USA and Hikvision Canada director of marketing, was named one of the “World’s Most Influential CMOs 2017” by Forbes Magazine. Asnovich was named number 40 out of a list of 50 executives worldwide.

Pelco launches professional VMS for SMB

Offers one-year free software license trial to users and integrators
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06/21/2017

CLOVIS, Calif.—With the introduction of VideoXpert Professional, Pelco by Schneider Electric is making it more convenient and economically practical to implement a professional Video Management System for small and medium business (SMB) applications.

Eagle Eye Networks acquires Panasonic Cloud Management Services Europe BV

Deal broadens Eagle Eye’s product line, creates global cloud surveillance video company
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06/15/2017

AUSTIN, Texas—Eagle Eye Networks Inc., a cloud-based video surveillance solutions company headquartered here, today announced the acquisition of Panasonic Cloud Management Services Europe BV (PCMSEU), broadening Eagle Eye’s product line and creating a global cloud surveil

Industry veterans unite to form Obsidian Security

New company raises $9.5m Series A funding, establishes Southern California HQ
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06/13/2017

NEWPORT BEACH, Calif.—Security industry veterans recently joined forces to form Obsidian Security, raising $9.5 million in Series A funding led by Greylock Partners and establishing its headquarters here.

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Poll

SSN News Poll November 2018

At SSN’s recent Cloud+ conference, Rick Juarez, managing director for Imperial Capital, gave some positive outlooks for the acquisition market now and into the future. What do you think of the acquisition market in the security industry?