Archive: July 2017
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...
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...
US company to offer microchip implants to employees
July 26, 2017Paul Ragusa
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...
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...
Umbo Computer Vision partners with PSA Security Network
July 26, 2017Paul Ragusa
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...
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...
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...
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...
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...
Global VMS market to reach $10 billion in the next several years
July 19, 2017Spencer Ives
PUNE, India—The market for video management software will rise $3.71 billion in 2016 to $10.54 billion by 2021, according to a report from research firm MarketsandMarkets.MarketsandMarkets valued the North American market at $821.9 million in 2016 and projects that, with a roughly 20 percent CAGR, the region will reach up to about $2.3 billion by 2021.The North American market for VMS solutions has several unique aspects, Kaipa Shashank, MarketsandMarkets' research analyst, information and...