Tag: commercial
ASSA ABLOY acquires Nomadix and Global Reach
March 29, 2024SSN Staff
STOCKHOLM – ASSA ABLOY has signed an agreement to acquire Nomadix and Global Reach, U.S. and UK-based providers of Wi-Fi access and engagement platform solutions for the hospitality and commercial real estate industry.
The companies offer a comprehensive tech platform of hardware, software and analytics tools to securely connect and engage with customers and devices via Wi-Fi networks.
"I am very pleased to welcome Nomadix and Global Reach into the ASSA ABLOY Group. This...
Charles Burns joins ISS
March 19, 2024SSN Staff
WOODBRIDGE, N.J. – Intelligent Security Systems (ISS), a provider of video intelligence and data awareness solutions, recently announced that industry veteran Charles Burns has joined the company and will serve in the newly created role of director of commercial facilities.
With more than two decades of experience as a security leader, ISS believes Burns will work to drive increased adoption of ISS’ industry-leading video intelligence solutions in stadiums, arenas, convention centers,...
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,”...
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...
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...
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...
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...
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...
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...
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...