Tag: Mergers & Acquisitions
Google’s acquisition of Wiz highlights ‘critical role’ of cloud-native orgs in security
March 26, 2025Ken Showers, Managing Editor
MOUNTAIN VIEW, Calif., and NEW YORK — Google’s recently announced plans to acquire Wiz Inc., a cloud-security platform, will reshape the broader security ecosystem, according to an industry source.
Parent company Alphabet’s expensive gamble – the deal will cost a reported $32 billion, its most expensive to date – reflects its high hopes for the combination of Google Cloud and Wiz and its approach to an AI-fueled security services market.
“Alphabet's...
Elemenopee
March 19, 2025Ken Showers, Managing Editor
Alphabet made its largest acquisition yet with a $32 billion deal to buy Wiz, formerly the world’s largest cybersecurity unicorn and now the upcoming face of Google’s cybersecurity ambitions.
Alternate blog titles: G-Wiz, or Alphabet, sup? No time to workshop that one I’m afraid as I’m all business to discuss what is likely the biggest news ever for cloud security, or so far at least. Last time we discussed Wiz on this blog, a little more than a year ago, I talked...
Tucker’s Farm capitalizes Badlands, acquires Platform Asset
March 14, 2025SSN Staff
NEW YORK — Tucker’s Farm Corp. (“Tucker’s Farm”), an investment holding vehicle, has announced the capitalization of its tech-enabled locksmith and access control holding company, The Badlands Security Co. (“Badlands”), and the concurrent acquisition of one of the largest family-owned locksmiths in the country, Platform Asset.
“Badlands is an exciting addition to the Farm’s growing family of companies,” said Gabe Littman,...
Allegion rides favorable Americas, ‘active pipeline’ into 2025
March 5, 2025Ken Showers, Managing Editor
DUBLIN — Allegion’s fourth quarter results exceeded expectations thanks to a favorable bump in revenue for the Americas and strategic partnerships and acquisitions bolstering its non-residential business.
Allegion’s revenues in the Americas saw a 6.4% increase in Q4 (4.6% organic).
“Allegion delivered a record year in 2024 – a year marked by consistent, strong execution, solid margin expansion and balanced capital deployment,” said President...
LexisNexis Risk Solutions completes IDVerse acquisition
February 19, 2025SSN Staff
ATLANTA and LONDON — LexisNexis Risk Solutions, part of RELX, closed its acquisition of IDVerse, a provider of AI-powered document authentication and fraud detection solutions.
IDVerse is now part of the Business Services segment of LexisNexis Risk Solutions and will continue to be available within its LexisNexis RiskNarrative platform, LexisNexis IDU, and will be offered within its LexisNexis Dynamic Decision Platform as a stand-alone solution later this year.
IDVerse uses AI to combat...
An uncertain political climate
February 13, 2025Ken Showers, Managing Editor
STOCKHOLM — ASSA ABLOY CEO Nico Delvaux believes the company’s “decentralized organization” will help it weather an uncertain political climate that includes U.S. tariffs on steel imports.
“I would say we also continue to live in an uncertain political climate where potential tariffs come and go,” Delvaux said during a recent conference call to discuss the company’s fourth quarter financial results. “That's something we have to live with...
Pye-Barker Fire & Safety secures additional private capital for expansion
January 10, 2025SSN Staff
ATLANTA — Pye-Barker Fire & Safety announced that it has raised additional capital for increasing its technician workforce investment, and growth through acquisition.
The transaction was completed in January 2025. Pye-Barker’s two lead investors, Altas Partners (“Altas”) and Leonard Green & Partners (“LGP”), remain unchanged. Altas retained the majority of its interest in the company, while LGP invested new equity and retained a meaningful portion of its existing...
Carrier tightens portfolio amid turbulence
December 17, 2024Ken Showers, Managing Editor
PALM BEACH GARDENS, Fla.— Carrier Global’s recent sale of its commercial and residential fire business is a move calculated to simplify the company’s portfolio and refocus its efforts at a time of international turbulence.
Other companies inside and outside of the security industry have been similarly streamlining their portfolios. ADT sold its commercial business in 2023 and closed its solar division the following year to focus on its residential security business.
Similarly,...
Allied Universal announces acquisition of Aim Insurance Services
December 6, 2024SSN Staff
IRVINE, Calif. — Allied Universal has announced the acquisition of Aim Insurance Services, a premier provider of property loss adjusting services across Australia.
Aim Insurance Services will become part of the Allied Universal Compliance and Investigations, the global claims services business unit of Allied Universal.
“This acquisition aligns with Allied Universal’s growth strategy and commitment to providing comprehensive claims support services to insurers and third-party...
ASSA ABLOY acquires Lawrence Doors
November 6, 2024SSN Staff
STOCKHOLM — ASSA ABLOY has acquired Lawrence Doors, a U.S. manufacturer of coiling steel doors, grilles and counter shutters.
Lawrence Doors was founded in 1925 and has some 120 employees. The main office and factory are located in Baldwin Park, Calif. Lawrence Doors will be part of the Business Segment Residential within the Entrance Systems Division.
"I am very pleased to welcome Lawrence Doors into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our...