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Archive: July 2017


Commercial

Umbo Computer Vision partners with PSA Security Network

July 26, 2017Paul Ragusa, Editor

SAN FRANCISCO—Umbo Computer Vision, an artificial intelligence company building autonomous video security systems for businesses and organizations based here, on July 20 announced a new partnership with PSA Security Network, a security and systems integrator cooperative."We are really excited to start this partnership with PSA,” Shawn Guan, Umbo Computer Vision CEO, told Security Systems News. “They have an amazing reputation amongst the top players in the security field and to...

Bill Bozeman, Craig Patterson, PSA Security Network, Shawn Guan, Umbo Computer Vision


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General News

Mark Cuban to deliver ASIS 2017 keynote address

July 26, 2017SSN Staff

ALEXANDRIA, Va.—ASIS International yesterday announced that entrepreneur, technology visionary, and Dallas Mavericks owner Mark Cuban will deliver the keynote address at the Monday, Sept. 25 luncheon at the organization's 63rd Annual Seminar and Exhibits—ASIS 2017.“Every year ASIS brings the security community together to share ideas and experiences that help attendees better understand global trends and their security implications,” Peter J. O'Neil, CEO of ASIS International,...

ASIS 2017, ASIS International, Mark Cuban, Peter J. O’Neil, Thomas J. Langer


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Commercial

Huron Capital's Sciens Building Solutions acquires again

July 26, 2017SSN Staff

DETROIT—Huron Capital, an operationally focused private equity firm based here, on July 20 announced its fire detection and security services ExecFactor platform, Sciens Building Solutions, has acquired Pleasanton, Calif.-based Sabah International Inc.“We think Sabah is a great addition to the Sciens platform,” Terry Heath, Sciens CEO, said in the announcement. “Sabah gives us a meaningful presence on the West Coast, with an impressive customer list and a strong reputation...

Huron Capital, Jim Mahoney, Matt Ramsey, Michele Sabah, Sabah International, Sciens Building Solutions, Terry Heath


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Residential

Oaktree Capital Management buys My Alarm Center

July 26, 2017Spencer Ives

NEWTOWN SQUARE, Pa.—My Alarm Center, a national home security and automation provider based here, was recently sold to global investment firm Oaktree Capital Management, headquartered in Los Angeles. The deal closed on July 14.“We kicked off an effort to recapitalize the business about a year ago, looking to strengthen our financial position, our balance sheet, and give us a better opportunity to grow our business,” Amy Kothari, My Alarm Center's president and CEO, told Security...

Alcentra Capital Corporation, Amy Kothari, Ironwood Capital, My Alarm Center, Oaktree Capital Management


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Residential

Owen Security makes fifth purchase in 12 months

July 26, 2017Spencer Ives

CALHOUN, Ga.—Owen Security Solutions, a regional alarm company based here, recently completed the largest acquisition in the company's history, adding on more than 1,700 accounts when it purchased ACS Security-Rome.“This is the most exciting acquisition we've done so far,” Justin Owen, company president, told Security Systems News. “[ACS] is somebody we've actually competed against for the last 15, 20 years. It's always been a respected competitor.” The deal was finalized...

ACS Security-Rome, Justin Owen, Owen Security Solutions


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On The Editor's Desk

US company to offer microchip implants to employees

July 26, 2017Paul Ragusa, Editor

Over the past few years, the security industry has begun to embrace many new technologies—robotics, the cloud, biometrics, for example—but one company here in the U.S., Three Square Market, is pushing the boundaries of RFID technology by offering to implant tiny RFID chips—the size of a grain of rice—into its employees' hands between the thumb and forefinger. The chip would allow employees to not only buy snacks in the break room but also have their hands function as a mobile...

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Monitoring Matters

PERS Summit lines up 2017 speakers

July 26, 2017Spencer Ives

PARK CITY, Utah—AvantGuard has several speakers lined up for its upcoming PERS Summit, to be held here Sept. 26-28, as well as some of the events. This year's PERS Summit will start with a tour of AvantGuard's recently remodeled facility. “We've got about 25,000 square feet and three levels, and the building will be completely remodeled, inside and out, by the time the event starts. So, people will really get to see—hands on—how that monitoring of the PERS devices works,”...

Alex Flitton, AvantGuard, PERS Summit, Sonja Jorgenson


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Monitoring

VRI makes PERS acquisition

July 20, 2017Spencer Ives

FRANKLIN, Ohio—VRI, a large PERS provider based here, recently purchased Healthcom, a healthcare technology provider based in Sullivan, Ill. VRI announced the partnership at the end of June.“We think the companies can grow more quickly together. There's opportunities to collaborate across the market segments,” Chris Hendriksen, CEO at VRI, told Security Systems News. “Secondly, we bring a little bit more scale and we have our own monitoring center, and so it allows us to do...

Capital Source, Chris Hendriksen, Healthcom, Pamlico Capital, PrivateBank, Stellus Capital, VRI, Woodbridge International


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Residential

Ascent Capital Group names new CFO

July 19, 2017Spencer Ives

ENGLEWOOD, Colo.—Ascent Capital Group, MONI's parent company based here, announced yesterday that Fred Graffam will succeed Michael Meyers as Ascent's CFO as well as MONI's CFO.Graffam told Security Systems News that he will be overseeing regulatory filings from a finance perspective and “Making sure that the accounting systems and control environment at the company remain strong, as it is now. And then, from that perspective, it's really a focus on making sure that the initiatives of...

Ascent Capital Group, Fred Graffam, Michael Meyers, Moni


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Commercial

SecureXperts partners with PSA Security Network

July 19, 2017Paul Ragusa, Editor

CAPE CANAVERAL, Fla.—SecureXperts, an information security technology and consulting firm, announced on July 17 that it's partnering with PSA Security Network, a leading security and systems integrator cooperative, to offer cybersecurity consulting and vulnerability assessment services as part of PSA's business solutions for cybersecurity partnership portfolio.The PSA business solutions program for cybersecurity partners demonstrates its commitment to increasing cybersecurity awareness among...

Bill Bozeman, Darnell Washington, PSA Security Network, SecureXperts


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