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Archive: 2016


Suppliers

Stanley Black & Decker agrees to sell mechanical security businesses for $725m

December 22, 2016Spencer Ives

NEW BRITAIN, Conn.—Stanley Black & Decker yesterday announced that it has entered into a definitive agreement to sell the majority of its mechanical security businesses, including commercial hardware brands BEST Access, phi Precision and GMT to access and security solution provider dormakaba for $725 million in cash.The deal is subject to customary regulatory approvals.dormakaba also recently acquired Mesker Openings Group, a U.S.-based commercial door and hardware company, for $142.5 million....

dormakaba, James M. Loree, Riet Cadonau, Stanley Black & Decker


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Also Noted

Axis Communications recognized for sustainability

December 22, 2016SSN Staff

CHELMSFORD, Mass.—The Business Intelligence Group awarded Axis Communications the Sustainability Leadership Award in the 2016 Sustainability Awards program. “Our sustainability practices are important to us and I am honored that Axis Communications received this prestigious award,” Fredrik Nilsson, VP, Americas, Axis Communications, said in a prepared statement. “The BIG Sustainability Awards recognize innovative and outstanding companies, initiatives and products that are...

Axis Communications, Business Intelligence Group, Fredrik Nilsson, Russ Fordyce


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Also Noted

MONI Smart Security partners with August

December 22, 2016SSN Staff

SAN FRANCISCO—August announced a partnership with MONI Smart Security in November. MONI Smart Security selected August as its partner and will now make the August Smart Lock and August Connect available to its residential and commercial customer base. “With our smart solutions for total control over the front door, we're helping MONI's trusted dealer network deliver best-in-class products to their customers as they embrace this new era of security for the connected home,” Mike Buckingham,...

August, Bruce Mungiguerra, Mike Buckingham, MONI Smart Security


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Also Noted

CSAA awards State Farm's Joe Miskulin

December 22, 2016SSN Staff

VIENNA, Va.CSAA awarded Joe Miskulin, manager at State Farm Central Monitoring Services, the CSAA President's Award for his service to the monitoring industry. “This is completely unexpected and humbling for someone like me, who came into this profession with a ton of questions and no experience to speak of,” Miskulin said in CSAA's announcement. “I don't have the words to thank all of the mentors that have helped me along the way.” Miskulin has been with State Farm Insurance...

CSAA, Joe Miskulin, State Farm


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Commercial

Sentry Security Solutions secures funding

December 21, 2016Paul Ragusa, Editor

BURLESON, Texas—Sentry Security Solutions, a business and residential security provider based here, recently secured a multi-million dollar loan commitment with RMR Capital Group.Sentry Security Solutions' president Nick McAmis said that although the company has had success self-funding for its first three years in business, the financing from RMR Capital will help to accelerate organic growth, explore the possibility of acquisitions, and attract new talent. The financial terms of the deal...

Nick McAmis, RMR Capital Group, Sentry Security Solutions


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General News

Guest Commentary: Video surveillance innovation driving security industry growth, investor interest

December 21, 2016John Robuck

Over the past year, the security industry has continued to grow and draw significant interest from investors, due in part to the noteworthy gains of one technology in particular: video surveillance.A Capital One survey conducted in November found that more than half (52 percent) of security professionals see video surveillance as the technology trend that will have the biggest impact on their businesses in the coming year—a significant increase from 2015, when only 23 percent of respondents...

Capital One, guest commentary, John Robuck


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General News

Poll: Monitoring and the switch to wholesale

December 21, 2016Spencer Ives

YARMOUTH, Maine—Several security companies with monitoring centers switched to using third party monitoring in 2016; RFI Communications switched to Rapid Response in March, Red Hawk Fire & Security partnered with Affiliated Monitoring in October and Comtronics switched its monitored accounts to NMC. Respondents to Security Systems News' latest poll see this trend continuing in the future.“It's a double edged sword,” according to Rob Driscoll, general manager, monitoring services...

Koorsen Fire and Security, News Poll, Rob Driscoll, Roberto Winter, Security Systems News


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General News

How I Use My System: Jack DeMao

December 21, 2016Spencer Ives

Jack DeMao, CEO of Electric Guard Dog, joined the company about nine years ago. “I am attracted to opportunities that require big change,” DeMao said. “With Electric Guard Dog, there was such a growth opportunity it required a lot of investment in order to be able to grow the way it should grow. That kind of thing excites me.” In late October, Security Systems News talked with DeMao about how he protects his home.What kind of system do you have?[The] panel is made by 2GIG....

Electric Guard Dog, How I Use My System, Jack DeMao, Security Systems News


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Residential

Vortex secures $3m in funding

December 21, 2016Paul Ragusa, Editor

JUPITER, Fla.—Vortex Security, a home and business security and automation company based here, recently secured $3 million in credit from Cassell Global Investments, funding that will help the company sustain its strong growth organically as well as possibly expand through acquisition.Vortex president Kevin Johnson launched the company in January of 2014 with Chris Tango, an industry veteran who has worked at Brinks, Devcon Security and ADT, before joining Vortex as executive VP. Johnson noted...

Chris Tango, Kevin Johnson, Vortex Security


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Monitoring Matters

Parks Associates: 10 top IoT trends

December 21, 2016Spencer Ives

Parks Associates recently released a whitepaper that discusses key trends in the IoT space for 2017. “The Internet of Things is driving the reinvention of consumer technology and entertainment markets,” Brett Sappington, senior research director, Parks Associates, said in the announcement. “New players and product categories are emerging that challenge traditional players with established business models and distribution channels. Online giants have the scale and technology to take...

Brett Sappington, IoT, Jennifer Kent, Parks Associates


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