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Tag: commercial


Boon Edam announces new executive team

Suppliers

Boon Edam announces new executive team

January 9, 2024SSN Staff

RALEIGH, N.C. – Following the merger of its commercial and manufacturing teams, Boon Edam Inc. has announced its new executive team for the Americas. The company described the changes as enhancements that reflect Boon Edam’s growth in the changing market climate, as well as the company’s commitment to nurturing talent and fostering innovation in its working environment. “Security entrances have rapidly become a new security imperative across virtually every vertical,”...

Boon Edam, commercial, manufacturing, Mergers & Acquisitions, Patrick Nora, security entrance


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Resideo completes sale of Genesis Cable business

October 16, 2023SSN Staff

SCOTTSDALE, AZ – Resideo Technologies announced the completion of the previously announced sale of its Genesis Cable business to Southwire Company, LLC for $87.5 million in cash, subject to customary purchase price adjustments. The after-tax proceeds will be used to support Resideo's capital allocation strategy the company wrote in a release. That includes ongoing organic and inorganic investments and their recently announced share repurchase program. "The closing of the Genesis...

commercial, Genesis Cable, Jay Geldmacher, Residential, Resideo Technologies, Security, Southwire Company


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Tim Cahoon named new national trainer for NAPCO

August 31, 2023SSN Staff

AMITYVILLE, N.Y. – NAPCO Security Technologies announced the introduction of Tim Cahoon as its new national training manager, reporting to VP of Sales, NAPCO Fire & Security, Michael Venoit. NAPCO said that Cahoon was Ideal for extending the company’s west coast training support. Based in Phoenix, Cahoon, will be providing new product introductions and technical classes on NAPCO’s full range of residential and commercial solutions, in person and online. Cahoon joins...

commercial, life safety, Michael Venoit, Residential, Security, Tim Cahoon


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Monitoring Matters

Sunny Disposition

August 9, 2023Ken Showers, Managing Editor

I woke up to some awfully big news today in the security world as ADT announced the divestiture of its commercial business. If one of you, dear readers, had an inkling about this occurring before it did, I’d like to know your sources, or at least have you pick some lottery numbers for me. When I read about divestiture it normally tracks pretty easily for me. For example, when Securitas dropped its Argentinean holdings, I wasn’t shocked. They had been facing a tough economic situation...

ADT, commercial, Residential, Securitas, Security, solar


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Doyle Security Systems acquires AMS Security Plus

May 17, 2023SSN Staff

ROCHESTER, N.Y. – Doyle Security Systems, a residential and commercial security, fire and medical monitoring systems provider, has announced its acquisition of AMS Security Plus, an Albany-based private company. Post acquisition all of AMS’ accounts will be monitored by Doyle Security’s Emergency Response Center. AMS CEO Don Simpson will continue to work with Doyle and AMS Security customers for at least one year. Regarding the merger, Doyle Security President and Chief Executive...

Austin Security, commercial, Don Simpson, Doyle Security Systems, Hart Alarm, John G. Doyle Jr., medical monitoring, Residential, Security, STAT Communications


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Resideo Q1 results up 3% year-over-year, softness in residential market

Residential

Resideo Q1 results up 3% year-over-year, softness in residential market

May 4, 2023Ken Showers, Managing Editor

SCOTTSDALE, Ariz. – Commercial and residential distributor of security and audio-visual products Resideo presented a positive first quarter earnings call with modest gains. Quarter highlights include a net revenue of $1.62 billion, up 8 percent from $1.5 billion in the third quarter 2021. Other financial indicators were also positive although the failed to reach the same heights as previous quarters with a gross profit margin of 26.6 percent, compared to 28.1 percent in the prior year comparable...

AI-based, Audio-Visual, commercial, Distributor, First Alert, First Quarter (Q1), HPC-r, Jay Geldmacher, Residential, Resideo, Security, VX1


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ASSA ABLOY delivers Q1 results as trial gets underway

Residential

ASSA ABLOY delivers positive Q1 results in midst of trial proceedings

April 28, 2023Ken Showers, Managing Editor

WASHINGTON, D.C. – All signs pointed to a positive first quarter for lock maker and access solutions provider ASSA ABLOY despite a lawsuit looming over proceedings. On April 26 the company held its quarterly earnings call for investors where it presented some strong numbers for growth including net sales increase of 22 percent to SEK 32,391 M (26,591), with organic growth of 8 percent (14) and acquired net growth of 5 percent. President and CEO Nico Delvaux attributed...

Assa Abloy, commercial, Diane Bartz, Emtek, Global Technologies, Nico Delvaux, perimeter security, Residential, Reuters, Smart Residential, Spectrum Brands, United States Department of Justice (DOJ)


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VMP to display new fixed wall mount racks at ISC West

March 14, 2023SSN Staff

STEVENSVILLE, Md. – Video Mount Products (VMP) a provider of mounting solutions for security, commercial, and residential applications has announced a showcase of their latest product. The new ESWR Series Fixed Wall Mount Racks will be featured at their booth (#1046) during ISC West 2023 held in Last Vegas later this month. “Now shipping, the ERWR8 (8-rack space) and ERWR12 (12-rack space), 18-inch deep racks have MSRPs of $147.95 & $246.95 (respectively).” VMP stated in their...

commercial, ERWR Series, Keith Fulmer, Residential, Security, Video Mount Products (VMP)


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Per Mar Security Services acquires Homeguard Security

March 10, 2023SSN Staff

DES MOINES, Iowa – Residential and commercial security company Per Mar Security Services has announced its acquisition of Homeguard Security. Homeguard has utilized Per Mar for the company’s monitoring center for the past 23 years and now Per Mar says that it will build upon its relationships with Homeguard customers by providing their service and security solutions as well. Per Mar will continue to serve customers in the Des Moines area from the company’s local office in Urbandale,...

Brian Duffy, commercial, Homeguard Security, Per Mar Security Services, Residential, Security


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DMP releases 7-inch touchscreen keypad

March 9, 2023SSN Staff

SPRINGFIELD, Mo. – Digital Monitoring Products (DMP) has announced the release of its newest touchscreen keypad for residential and commercial applications. The new keypad is compatible with all of DMP’s XR and XT Series panels and comes fully loaded with features like live and recorded video viewing, V-4061 video doorbell integration, and easy arming access on one screen among others. “This new keypad provides security, video, and automation, all in a large-format touchscreen,”...

Alee Rouhani, commercial, Digital Monitoring Products (DMP), Matt Dean, recorded video, Residential, touchscreen keypad, video doorbell


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