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General News

IoT, drones to drive wireless video surveillance market

October 28, 2015Spencer Ives

LONDON—The wireless video surveillance market will grow across the globe, according to market research firm Technavio, and IoT and drones will play a big role in that growth.“The global wireless video surveillance market is close to 21 percent CAGR [from] 2014 to 2019,” Technavio senior industry analyst, Amrita Choudhury told Security Systems News. Technavio estimated the global market's 2014 value at $399 million, rising to about $1.05 billion in 2019.The Americas, including North...

Amrita Choudhury, Axis, Bosch, Cisco, Drones, Hikvision, IoT, Security Systems News, TechNavio


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On The Editor's Desk

Home automation company goes public

August 7, 2013Martha Entwistle

Home automation provider Control4 had a successful IPO on Friday Aug. 2. The company offered 4,000,000 shares of its common stock for $16 per share. The shares began trading on the NASDAQ market. The share price quickly climbed to $20.70 in what Business Insider called a “stellar IPO. … That gives the 10-year-old, Salt Lake City, Utah, company a valuation of about $446 million. Not bad considering it had 2012 revenues of $109.5 million and posted a loss from operations every year since 2008.” The...

Cisco, Control4, home automation, IPO, TechSec Solutions


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Suppliers

New Firetide CEO sees mesh networks on the move

May 29, 2013Martha Entwistle

LOS GATOS, Calif.— Cisco veteran John McCool, who joined mesh network provider Firetide as its new CEO on May 20, says there's an increasing demand to take surveillance mobile.“If you think about it, video surveillance [has traditionally] ended on the curb,” McCool told Security Systems News. Cameras have been mounted in static locations on city streets and train platforms, but now there's a demand for that surveillance capability on moving vehicles such as municipal buses and trains....

Avrio, Cisco, Firetide, Fluidmesh Networks, IHS, IMS Research, John McCool, physical security, SSN


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General News

IHS: Market for wireless infrastructure radios to hit $705m by 2017

April 2, 2013Martha Entwistle

LONDON—The market for wireless infrastructure radios used in video surveillance applications grew 11 percent last year, rising from $274 million in 2011 to $304 million in 2012, according to a study by the research firm IHS. Demand will continue to increase, IHS predicts, and global revenues will reach $705 million in 2017.While much of the growth is expected to come from China and India, “the North American market is currently the largest market and is expected to exhibit steady year-on-year...

Cambium Networks, Cisco, Firetide, IHS, Josh Woodhouse, Motorola Solutions, Security Systems News


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On The Editor's Desk

More money for VideoIQ

January 11, 2012Martha Entwistle

VideoIQ yesterday announced it received $3.5 in funding from existing investors Atlas Venture, Matrix Partners and Tenaya Capital. This is an expansion of a Series C funding round. In September, the company got $7.5 million in September from the above investors and another existing investor, Cisco. Also in September, VideoIQ named Ed Bednarcik as its new CEO. Bednarchik, who is known for readying companies for IPOs, replaced Scott Schnell. The company, which makes IP cameras and encoders with on-board...

Atlas Venture, Cisco, Ed Bednarcik, ESA, ESI Forum, Matrix Partners and Tenaya Capital, Scott Schnell, VideoIQ


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Suppliers

Cisco invests in VidSys

September 16, 2011SSN Staff

VIENNA, Va.–VidSys, a major PSIM provider based here, announced today it has closed a recent round of funding that includes Cisco. A company spokesperson would not disclose the size of Cisco's equity investment, but said the funding would be used to accelerate the PSIM maker's growth. "The PSIM market is really taking off," Kelly Fiedler, VP of marketing at VidSys, told Security Director News sister publication of Security Systems News. "We're seeing growth in a lot of areas and the funding will...

Atlanta Equity, Cisco, Flybridge Capital Partners, JVAX Investment Group, Kelly Fiedler, Motorola Solutions, PSIM, Vidsys


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Suppliers

VideoIQ gets $7.5m and new CEO

September 14, 2011Martha Entwistle

BEDFORD, Mass.—VideoIQ's new CEO, Ed Bednarcik, who is known for readying companies for IPOs, outlined steps he'll take to take VideoIQ “to the next level,” during a Sept. 12 interview with Security Systems News. VideoIQ, a venture-backed producer of IP cameras and encoders with on-board storage and built-in self-calibrating analytics based here, announced Sept. 12 that Bednarcik had replaced Scott Schnell as CEO. It also announced that the company secured $7.5 million in series...

Atlas Venture, Cisco, Ed Bednarcik, Matrix Partners, Tenaya Capital, VideoIQ, Write Line


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Commercial

Interface bundles services for 9,500 Dollar General retail stores

August 25, 2011Martha Entwistle

ST. LOUIS—Interface Security Systems is in the process of completing the installation of a secure managed cloud services project for the entire Dollar General 9,500-store retail chain. While terms of the deal were not released, Interface CEO Michael Shaw told Security Systems News that the Dollar General multi-year contract is “expected to generate in excess of $100 million in top-line revenue for Interface.” Interface is providing the WAN management, PCI compliance, wireless access...

Cisco, Dollar General, Endeavor, Honeywell Security and Communications, Interface Security Systems, JoAnna Sohovich, Michael McCleod, Michael Shaw, Robert Aranda, Vertek


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Commercial

With Cisco certification, Interface Security Systems poised for growth

June 30, 2011Martha Entwistle

ST. LOUIS—Following record growth during the recession-plagued years of 2008-2010, Interface Security Systems executives believe that their company today stands at the brink of another huge growth spurt. In a milestone that ISS CEO Michael Shaw calls “a huge breakthrough,” Shaw announced June 20 that ISS has been certified as an Advanced Managed Services Channel Partner by Cisco. In July ISS will begin marketing its Secure Managed Cloud Services through a special Cisco program. What...

Advanced Managed Services Channel Partner, Brad Burns, certified, Cisco, Interface Security Systems, Michael Shaw, Robert Aranda


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Suppliers

iControl gets $50m

June 23, 2011Martha Entwistle

PALO ALTO, Calif.—IControl co-CEOs Jim Johnson and Paul Dawes said they were originally looking for a $30 million investment, but there was so much interest that they got $50 million. They even turned away some investors whose interests didn't align with iControl's strategy, they said. “There was more interest in investing than we anticipated,” Dawes told SSN on June 20. The success of the round is due to the successful roll out of ADT's Pulse product, the recent iControl/Comcast...

Charles River Ventures, Cisco, Comcast, Comcast Ventures, iControl, Intel Capital, Jim Johnson, John Doerr, OpenHome, Paul Dawes


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