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Allegion approved to integrate multi-technology readers with LenelS2 access control

May 12, 2021SSN Staff

CARMEL, Ind. —Allegion US, a leading provider of security products and solutions, announced that it has received federal government approval for its Schlage Multi-Technology (MT-485) Readers, when paired with the LenelS2 OnGuard version 7.6 access control system. Schlage’s MT Readers simplify access control solutions by recognizing magnetic stripe, proximity, Schlage smart card and NFC-enabled smart devices with a firmware update, ensuring a seamless transition...

Allegion, Derek Greenland, LenelS2, Terry Collins


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SIA announces cybersecurity certification for the security industry

May 11, 2021SSN Staff

SILVER SPRING, Md.—The Security Industry Association (SIA) has announced the creation of the Security Industry Cybersecurity Certification (SICC), a new industry credential developed by SIA with support from PSA Security Network and Security Specifiers and the first-ever certification focused specifically on cybersecurity and physical security convergence.   The SICC program is designed for security industry professionals and assesses and validates...

PSA, Ray Coulombe, Security Industry Association (SIA), Security Specifiers


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Schneider Electric announces partnership with KB Home

May 11, 2021SSN Staff

BOSTON—Schneider Electric, a leader in the digital transformation of energy management and automation, announced a partnership with KB Home, one of the largest and most recognized homebuilders in the United States, to provide grid-to-plug innovation in KB Home’s new Sundance at Park Circle community in Valley Center, California. These homes will incorporate the Square D Energy Center and connected Wiring Devices, which will offer greater levels of control, energy efficiency and resiliency...

Dan Bridleman, KB Home, Richard Korthauer, Schneider Electric


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FBI identifies hacker group responsible for pipeline shutdown

Cybersecurity

FBI identifies hacker group responsible for pipeline shutdown

May 10, 2021Paul Ragusa, Editor

WASHINGTON—The Federal Bureau of Investigation (FBI) issued a statement today confirming that “Darkside ransomware is responsible for the compromise of the Colonial Pipeline networks,” noting that it is working with Colonial to investigate the incident and get the pipeline up and running again. Meanwhile, experts expect gas and oil prices to rise as government officials and energy companies scramble to get resources to the East coast. On May 7, Colonial Pipeline Company learned...

Cybersecurity, FBI


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Apollo Funds to acquire Verizon Media for $5B

General News

Apollo Funds to acquire Verizon Media for $5B

May 10, 2021SSN Staff

NEW YORK—Verizon and Apollo Global Management, Inc. announced last week that Apollo Funds has entered into an agreement to acquire Verizon Media for $5 billion. Verizon will retain a 10 percent stake in the company, which will be known as Yahoo at the close of the transaction and continue to be led by CEO Guru Gowrappan. “We are excited to be joining forces with Apollo,” said Gowrappan in the announcement. “The past two quarters of double-digit growth have demonstrated...

Apollo Global Management, Mergers & Acquisitions, Verizon


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Alarm.com reports Q1 results, gives outlook for Q2

Suppliers

Alarm.com reports Q1 results, gives outlook for Q2

May 10, 2021SSN Staff

TYSONS, Va.—Alarm.com reported financial results for its first quarter and provided its financial outlook for Software as a Service (SaaS) and license revenue for the second quarter of 2021 and increased its guidance for the full year of 2021. “We’re pleased to report solid results to begin the year,” said Steve Trundle, President and CEO of Alarm.com. “During the quarter, we continued to see good momentum in the North American market and our service provider partners...

alarm.com


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TriTech opens new HQ location to support continued growth and expansion

May 10, 2021SSN Staff

FREEHOLD, N.J.—TriTech, a Valuber Company and premier provider of integrated security systems and manpower in the Northeast, has opened a new expansive headquarters in Freehold, N.J. to support the company’s continuing growth, and new resources and services. TriTech offers turnkey system solutions and managed services that combine to provide clients with advanced professional security services to address emerging cyber physical security challenges with customized solutions...

Steve Guardiani, TriTech


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Torch.AI plans to expand operations, create nearly 500 jobs in Kansas City

May 10, 2021SSN Staff

LEAWOOD, Kan. —Torch.AI, a leading global artificial intelligence (AI) firm that uses machine learning to enable massively scaled, ultra-high performance data processing, has announced plans to make a significant and sustained economic investment in the Kansas City region, committing to creating nearly 500 full-time jobs over five years as part of a $27 million tax incentive package awarded by the Kansas Department of Commerce. “Kansas is a great place for businesses to prosper with...

Brian Weaver, David Toland, Laura Kelly, Peggy Dunn, Tim Cowden, Torch.AI


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Essence Group launches new [email protected]+ smart home security solution

May 7, 2021SSN Staff

HERZLIYA, Israel—Essence Group, a provider of IoT solutions for the global security and care markets, announced the launch of [email protected]+, a next generation security and home management platform. Essence is partnering with European security services providers, including Securitas Direct Switzerland, to pilot the new offering. [email protected]+ leverages state-of-the-art IoT technology to expand Essence Group’s existing [email protected] smart home management offering, including connectivity to LTE networks,...

Essence Group, Smart Home Security


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Alcatraz AI adds tailgating detection to facial authentication solution

May 7, 2021SSN Staff

REDWOOD CITY, Calif.—Alcatraz AI, a developer of secure frictionless access control solutions, has announced that its Alcatraz AI Rock solution now has capabilities that can detect and prevent tailgating at entrances and in a variety of industries. Tailgating is one of the most common and innocent security breaches – an employee opening a door and holding it open, sometimes inadvertently, for a colleague, visitor, or vendor who should not have access. The problem is that tailgating...

Alcatraz AI


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