Skip to Content

Tag: Federal Trade Commission

Kirsten Newquist


Identiv selling physical security business to Vitaprotech for $145 million

April 5, 2024SSN Staff

FREMONT, Calif.—Global digital security and identification provider Identiv has entered into a definitive asset purchase agreement to sell its physical security, access card, and identity reader operations and assets to security solutions provider Vitaprotech for $145 million.   Identiv noted that the proceeds from the sale will significantly strengthen its financial position, generating capital to fund future organic and inorganic growth of its specialty IoT solutions business. Aligned...

Andrew Gundlach, Avery Dennison, Bleichroeder, Committee on Foreign Investment, Craig-Hallum Capital Group, Eric Thord, Federal Trade Commission, Hart-Scott-Rodino (HSR) Act, Identiv, Imperial Capital, James Ousley, Kirsten Newquist, Michael Kellen, Pillsbury Winthrop Shaw Pittman, Steven Humphreys, Vitaprotech

Read Full Articlered right arrow icon

Evolv Technology gives regulatory update following SEC request


Evolv Technology gives regulatory update following SEC request

February 19, 2024SSN Staff

WALTHAM, Mass. – Evolv Technology, a security technology company working with AI-based weapons detection, has provided an update on a request received from the U.S. Securities and Exchange Commission (SEC). In a release from Evolv it revealed that on Feb. 16, 2024, the SEC notified the company it was initiating an investigation that was described as a confidential “non-public, fact finding inquiry.” Evolv noted the SEC’s explicit guidance that the investigation “should...

AI-based, Evolv Technology, Federal Trade Commission, U.S. Securities and Exchange Commission (SEC), Weapons Detection

Read Full Articlered right arrow icon

Monitoring Matters

Video analytics confirmed mommy was kissing Santa Claus

December 20, 2023Ken Showers, Managing Editor

That’s right everyone, I’m back from vacation, and you know what that means? Yeah, I’m ready to have another vacation from my vacation. Allow me to both physically and metaphorically crack my knuckles because I have two more of these blogs to knock out in 2023. Once the new year starts, I’m contractually obligated to spend at least a month talking about everyone’s 2024 predictions before getting swept off to new adventures. It’s probably going to be about...

2024, Artificial Intelligence (AI), biometrics, facial recognition, Federal Trade Commission, Ransomware, Rite Aid

Read Full Articlered right arrow icon

Monitoring Matters

Veni, Vidi, Vivint

March 8, 2023Ken Showers, Managing Editor

I came, I saw, I stole their customers. Vivint has been having a rough time of it lately with multiple lawsuits hanging above its head, one of which already resolved decidedly not in their favor. It might be important to examine the root cause of this problem which is that it looks like Vivint doesn’t like to share. Most of these lawsuits specifically would term it deceptive business practices. At the end of the day Vivint saw some customers that weren’t theirs and decided to change...

ADT, Alert 360, CPI Security Systems, Federal Trade Commission, lawsuit, NRG Energy Inc., Vivint

Read Full Articlered right arrow icon

This Blog's on Fire (And Other Stuff)

ADT settles FTC complaint that it misled consumers

March 12, 2014Tess Nacelewicz

ADT misled consumers by paying experts to promote ADT Pulse on NBC's Today Show and through other media outlets without revealing the experts were paid—giving the impression the experts' reviews were independent, the Federal Trade Commission alleges. The administrative complaint is part of the FTC's “ongoing crackdown on misleading endorsements in advertising,” according to an FTC news release. Now, to resolve that complaint, ADT has reached a settlement with the FTC that prohibits...

ADT, Federal Trade Commission, Today Show

Read Full Articlered right arrow icon

Also Noted

Security system scam moves across the U.S.

May 28, 2013SSN Staff

ESSEX, Mass.—A scam that plagued Arizona earlier in 2013 has crept east, according to an article from the Gloucester Times, a newspaper based in Gloucester, Mass. At least one resident in Essex, Mass., received an unsolicited “robocall” claiming the local police department was encouraging residents to buy home security systems, and recommending an Arizona company to do the installation work, the article noted. Suspicious, the resident reported the call to police, who found that...

Better Business Bureau, Essex, Federal Trade Commission, Mass., Physical Security, Residential Security

Read Full Articlered right arrow icon