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Archive: July 2021


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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Also Noted

IFSEC Global announces top influencers in security and fire 2021

July 23, 2021SSN Staff

LONDON—IFSEC Global, a provider of news, features, videos and whitepapers related to the security and fire safety industries, has announced its top influencers in security and fire 2021. The winners in each of the seven categories (six for security, one from fire), were chosen based on nominations by a panel of judges including lead judge Grant Lecky MSc. CSyP, F.ISRM, AARPI, CBCP, co-founder of the Security Partners Forum (SPF); Don Erickson, CEO, Security Industry Association (SIA); Merlin...

Andrew Lanning, Brian K. Tuskan, Christina Alexandropoulou Alexander, Christine Lanning, Don Erickson, Grant Lecky, IFSEC Global, Jennie Vickers, Loredana Mancini, Merlin Guilbeau


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Allegion up 26.7 percent in Q2 revenues compared with 2020

Suppliers

Allegion up 26.7 percent in Q2 revenues compared with 2020

July 23, 2021SSN Staff

DUBLIN—Allegion plc, a global provider of security products and solutions, reported second-quarter 2021 net revenues of $746.9 million, a 26.7 percent increase when compared to the prior-year period (up 23.8 percent on an organic basis). Excluding charges related to restructuring and acquisition and integration, adjusted net earnings were $119.3 million, or $1.32 per share, up 43.5 percent when compared with second-quarter 2020 adjusted EPS of $0.92. “I’m encouraged by the...

Allegion, financials


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On The Editor's Desk

Smart home, DIY driving security adoption

July 21, 2021Paul Ragusa, Editor

My first beat when I joined Security Systems News in 2016 was covering the residential scene, which fortunately for me, was undergoing an incredible transformation driven mainly by the rise of the smart home and, of course, the ability to control everything from our almighty phones. I remember the ceiling that security was trying to break through was that 25 percent mark for home security system adoption – a number the industry had been stuck at for quite some time. But back then, there...

DIY, Parks Associates, smart home


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