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Archive: April 2016


General News

Tyco Security Products' Anita Santos at Mentor Factor

April 29, 2016SSN Staff

WESTFORD, Mass.—Tyco Security Products announced that Anita Santos, Tyco Security Products VP of marketing, on May 2 will speak at an event developed by Mentor Factor, a professional development program for high-potential women in the financial services industry. The event will take place in New York.The event is supported by women on American Banker's "Most Powerful Women in Banking" list and will be attended by executives from prominent financial institutions, including Capital One, the FDIC,...

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Monitoring Matters

Affiliated's Catalyst PERS conference sold out

April 29, 2016Spencer Ives

Affiliated Monitoring's new PERS conference, Catalyst, sold out three-and-a-half weeks prior to the inaugural event on May 17. Affiliated's VP Daniel Oppenheim told SSN that Catalyst booked so quickly due to its “focus on sales and marketing, and Affiliated's reputation as a PERS specialist.” “We have 160 attendees, and including staff and vendors, we're going to be at about 200 total,” Oppenheim said. Oppenheim believes it will be the largest PERS conference ever held. Oppenheim...

Affiliated, Catalyst, Daniel Oppenheim, PERS


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Suppliers

S2 Security puts monitor on network

April 28, 2016Martha Entwistle

FRAMINGHAM, Mass.—S2 Security, a provider of IP-based access control and video management and mobile security management systems, has put the monitor on the network with its Magic Monitor, a move that S2 CEO John Moss says “fundamentally changes the value proposition of a security management system.”“It really means a much more expanded presence for the security function in an organization,” Moss told Security Systems News. The security group, often an “unseen...

John Moss, Magic Monitor, Netbox, S2 Security


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Suppliers

Smiths Group to pay $710m for Morpho Detection

April 28, 2016SSN Staff

LONDON—Smiths Group, a global technology company based here, announced April 21 it has an agreement to acquire Morpho Detection from Paris-based Safran for $710 million.Based in Newark, Calif., Morpho Detection had $320 million in revenues in 2015, and an operating margin of 18 percent, with aftermarket services including software representing more than half of total revenues, according to Smiths Group. It has 860 employees and Morpho Detection had gross assets of $699 million.Morpho Detection...

Andy Reynolds Smith, Morpho Detection, Safran, Smiths Group


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Commercial

TycoIS introduces its first cloud video offering

April 27, 2016Martha Entwistle

BOCA RATON, Fla.—After several months of beta testing and several weeks of training, national systems integrator TycoIS' 800-person sales force is now selling TycoIS' first cloud video offering, Cloud Video.“This offering is viable for every segment from small business to enterprise accounts,” Steve Leitz, TycoIS director of commercial sales, told Security Systems News.Cloud Video, an Eagle Eye Networks product, works with many analog and IP cameras. Customers can use existing...

cloud video, Eagle Eye, Steve Leitz, TycoIS


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Residential

Vivint gets $100m investment from Peter Thiel, Mitt Romney's investment firm

April 27, 2016Paul Ragusa, Editor

PROVO, Utah—Vivint Smart Home on April 27 announced a $100 million strategic investment from Peter Thiel and Solamere Capital, an investment firm founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and chaired by Mitt Romney.In an internal memo shared with Security Systems News, Todd Pedersen, founder and CEO of Vivint Smart Home, told employees that this strategic investment will help accelerate growth and innovation. “As a venture capitalist and an entrepreneur, Peter Thiel...

Jeff Lyman, Peter Thiel, Solamere Capital, Todd Pedersen, Vivint


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Monitoring

Integration firm spins off video monitoring operation

April 27, 2016Spencer Ives

SCOTTSDALE, Ariz.—ICU Security Group, an integration firm based here, is spinning-off its proactive video monitoring division, SARC Monitoring, into a separate company.“We're also in the process of procuring a new building, [and] once the building procurement is done the [spin-off] should be complete at that time as well,” San Kim, director of operations with SARC Monitoring, told Security Systems News.SARC stands for Surveillance Acquisition Response Center, Kim said. The company...

ICU Security Group, San Kim, SARC Monitoring


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Suppliers

Vidsys gets $11 million

April 27, 2016Martha Entwistle

VIENNA, Va.—Software provider Vidsys on April 26 announced it closed an $11 million funding round, which Vidsys CEO James Chong told Security Systems News will be used for “global expansion and to provide the right level of customer support and engagement [for the Vidsys web-based platform.]”Vidsys, based here, originally known as a provider of PSIM (physical security information management) software, now refers to its software as CSIM, converged security information management...

CSIM, James Chong, PSIM, Vidsys


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Monitoring

Monitoring America to build back-up facility

April 27, 2016Spencer Ives

TULSA, Okla.—Monitoring America Alarm Co-op president Ron Wies said construction of the third-party central station's redundant facility in nearby Owasso, Okla., may start next month.“We purchased a piece of property [in Owasso] maybe six or seven years ago, with the idea that that's where we were going to put our back-up site.” Wies told Security Systems News. “The co-op finally made the decision last year that we were going to move forward and build our site and hopefully...

Monitoring America, Ron Wies


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General News

ESX 2016 announces Innovation Award winners

April 27, 2016Paul Ragusa, Editor

FORT WORTH, Texas—The 25 Innovation Award winners (see full list below) were announced by ESX today, and 10 finalists will be chosen from that list to battle it out in the second annual ESX TechVision Challenge, an interactive competition held live at ESX 2016 in the Fort Worth Convention Center, Texas, on Tuesday, June 7.The ESX Innovation Award recognizes achievements for companies that bring a new and exceptional product or service to the customer, or for those delivering innovative ways...

ESX, George De Marco, Innovation Awards, TechVision Challenge


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