Tag: Mergers & Acquisitions

OGDEN, Utah—Mountain Alarm Fire & Security, a provider of security and fire protection services and equipment, announced it has acquired NICO Electronic Systems, a Helena, Mont.-based provider of security systems design and fire alarm installation, as well as other services. Eric Garner, President and CEO of Mountain Alarm and a former Security Systems News “20 under 40” award winner (Class of 2016), told SSN that the acquisition came about following the retirement of Bill Niehoff,...

TEL AVIV, Israel—Agent Video Intelligence (Agent Vi) announced it has entered into an agreement for its sale to Iristy AB (publ), a Sweden-based publicly listed AI video analytics company, for a total consideration of approx. $67 million in cash and shares of Irisity. Irisity, founded in 2008, develops and markets video analytics software products for improved security and surveillance, and is publicly listed in the Nasdaq First North Growth market in Stockholm. “We are extremely...

SAN JOSE, Calif.—Quantum Corp. announced a definitive agreement to acquire the assets of EnCloudEn, an early stage hyperconverged infrastructure (HCI) software company. This agreement follows Quantum's recent acquisition of the surveillance business assets of Pivot3, an early pioneer of hyperconverged infrastructure for video surveillance workloads. The EnCloudEn acquisition will enable Quantum to expand the addressable market for the company's video surveillance portfolio, offering...

NEW YORK—Verizon and Apollo Global Management, Inc. announced last week that Apollo Funds has entered into an agreement to acquire Verizon Media for $5 billion. Verizon will retain a 10 percent stake in the company, which will be known as Yahoo at the close of the transaction and continue to be led by CEO Guru Gowrappan. “We are excited to be joining forces with Apollo,” said Gowrappan in the announcement. “The past two quarters of double-digit growth have demonstrated...

WILMINGTON, Del.—B Safe, a regional security company based here, has strengthened its position in eastern Pennsylvania with the purchase of Alarm Surveillance Technologies (AST) of Ambler, Pa.The buy brings about 650 mostly residential accounts and about $15,000 in RMR, according to B Safe customer service manager Mary Cakir. B Safe now has about 10,450 customers and approximately 295,000 in RMR, she said.The AST acquisition is part of an aggressive acquisition effort the company has undertaken...

WILMINGTON, Del.—B Safe, based here, recently made two buys in New Jersey, giving the company more depth in that state, according to Mary Cakir, customer service manager for the regional security and fire company.B Safe acquired Tatra Security Systems, of Franklin Lakes, N.J., in the northern part of that state; and Radar Security Systems, of Mantua, N.J., which is in the southern part of the state.The acquisitions added 2,000 accounts to B Safe, bringing its total customer base to about 9,500,...