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Archive: 2021


Also Noted

ESA adds two directors to complete Board composition

July 30, 2021SSN Staff

DALLAS—The Electronic Security Association (ESA) Board of Directors announced it has completed its composition in accordance with its recently amended and adopted bylaws with the appointment of two ESA Competency Directors. These board-appointed positions provide skill and competency in identified fields or specialties of value to the association and industry. ESA welcomes Steve Paley, President and CEO, Rapid Security Solutions, LLC (RSS), Sarasota, Fla., and Kevin Stone, Chief Operating...

Electronic Security Association, Kevin Stone, Steve Paley


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Suppliers

Snap One announces pricing of initial public offering

July 30, 2021SSN Staff

CHARLOTTE, N.C.—Snap One, a provider of smart living products, services and software to professional integrators, announced the pricing of its initial public offering of 13,850,000 shares of its common stock at $18 per share. Shares of Snap One’s common stock began trading on the Nasdaq Global Select Market on July 28, 2021, under the symbol “SNPO,” and the offering is expected to close on July 30, 2021, subject to customary closing conditions. Snap One and selling shareholders...

John Heyman, Snap One


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Also Noted

Allegion acquires European software experts

July 29, 2021SSN Staff

DUBLIN—Allegion, a global security products and solutions provider, has acquired, through its subsidiaries, certain assets of Astrum Benelux B.V. (Belgium) as well as privately held WorkforceIT B.V. (the Netherlands). Astrum Benelux B.V. and WorkforceIT B.V. are well-established and reputable workforce management technology companies in the Benelux region of Europe. Astrum Benelux B.V. is a long-standing sales, distribution and development partner for both Allegion and its leading European...

Allegion, M&A strategy, software as a service (SaaS), Tim Eckersley


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Monitoring Matters

Information Sharing is Caring?

July 28, 2021Cory Harris, Managing Editor

Voluntary vs. Required. That debate regarding the sharing or reporting of vital information emerged in recent days after another salvo in the war on cyberattacks was fired in Washington, D.C. Last week, a bipartisan group of senators, led by Mark Warner (D-Va.), Marco Rubio (R-Fla.), and Susan Collins (R-Maine), introduced a bill, titled the Cyber Incident Notification Act of 2021, that requires all federal agencies, contractors, and organizations considered critical to U.S. national security...

cyberattacks, Cybersecurity, legislative affairs


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Inside the Industry’s first cybersecurity standard

Cybersecurity

Inside the Industry’s first cybersecurity standard

July 27, 2021Paul Ragusa, Editor

YARMOUTH, Maine—The announcement in May of the Security Industry Cybersecurity Certification (SICC) – a new industry credential developed by the Security Industry Association (SIA) with support from PSA Security Network and Security Specifiers – is a “giant” step forward for the security industry. To get a closer look into the industry’s first cybersecurity standard, Security Systems News reached out to some of the key players involved in its development to...

Don Erickson, Elli Voorhees, PSA Security Network, Ray Coulombe, Security Industry Association (SIA), Security Specifiers


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m&A

Commercial

APi Group to buy Chubb Fire & Security Business for $3.1B

July 27, 2021SSN Staff

NEW BRIGHTON, Minn.—APi Group Corp. announced that it has entered into a definitive agreement to acquire the Chubb Fire & Security Business from Carrier Global Corp. for an enterprise value of $3.1 billion, which is comprised of $2.9 billion cash and approximately $200 million of assumed liabilities and other adjustments. Headquartered in the United Kingdom, Chubb has approximately 13,000 employees globally and a sales and service network spanning 17 countries serving more than 1.5...

APi Group Corp., Chubb Fire & Security Business, M&A


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Also Noted

My Alarm Center announces new additions to sales leadership

July 26, 2021SSN Staff

NEWTOWN SQUARE, Pa.—My Alarm Center, a leading provider in residential home security, has announced the addition of two new sales leaders.  Darren Goodman has been hired as the company's Senior Vice President of Sales, and David Corio, previously Senior Director of Operations, has been promoted to Regional Vice President of ACS Security, the company's brand located in Los Angeles. Goodman and Corio will be essential to accelerating the company's growth...

Amy Kothari, Carole Dalton, Darren Goodman, David Corio, My Alarm Center


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Also Noted

ESA welcomes new members to Board of Directors

July 26, 2021SSN Staff

DALLAS—Members of the Electronic Security Association (ESA) recently voted for several open positions on its Board of Directors. These positions were vacated by outgoing board members, having made significant impact on the association, including Dee Ann Harn, CEO of RFI Enterprises in California; Steve Firestone, owner of Firestone Strategies in South Carolina; and James Lee, owner of Alarmguard Security in North Carolina. “I have had the honor of working closely with these professionals,...

Dee Ann Harn, Electronic Security Association, James Lee, Jamie Vos, Jason Lutz, Jeremy Bates, Melissa Brinkman, steve firestone


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Residential

Vivint partners with Freedom Forever to offer more energy saving options

July 26, 2021SSN Staff

PROVO, Utah—Vivint Smart Home announced that it has entered into a strategic partnership with Freedom Forever, one of the largest national residential solar system installers. Vivint said the relationship between the two companies will help homeowners get a step closer to living in a smart home that generates as much energy as it uses. “Joining forces with Freedom Forever broadens our offering and provides value to customers who are worried about the environment and skyrocketing energy...

Freedom Forever, Vivint Smart Home, Vivint Solar


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Also Noted

TMA’s Automated Secure Alarm Protocol reaches 90th U.S. municipality

July 23, 2021SSN Staff

MCLEAN, Va.—The Monitoring Association (TMA) has announced the addition of the 90th U.S. municipality to its expanding Automated Secure Alarm Protocol (ASAP) service network. Launched in 2011 as a public-private partnership, TMA’s ASAP service is designed to increase the accuracy and efficiency of calls for service from alarm companies to PSAPs.      The Pasco County, Fla., Emergency Services 9-1-1 Communications Center (ECC) is the 90th ECC in the U.S. and the...

Jody Kenyon, The Monitoring Association (TMA)


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