Tag: retail

STOCKHOLM—Several days after purchasing an audio company, network video giant Axis Communications on June 3 acquired Cognimatics, a video analytic provider that specializes in retail applications.Based in Lund, Sweden, Cognimatics was founded in 2003 and has 12 employees, two of whom are based in the U.S.In an email interview with Security Systems News, Axis VP Americas Fredrik Nilsson described Cognimatics as a “leading company of store-optimizing solutions targeting the retail sector.”The...

JACKSON, Mich.—Comtronics is the latest security company to take alarm sales retail. In the first quarter of 2014, it will begin selling residential alarm systems through a Verizon retail store that the company owns.“We're pioneering an initiative to sell alarms out of our Verizon retail store,” John Campau, Comtronics CEO, told Security Systems News. The full-service security company has a separate cellular division—it owns a Verizon retail store—here in Jackson, Michigan.Campau...

Vector Security says national accounts customers are “in play” due to acquisitions and corporate break-ups. And, Michael Grady, Vector Security's EVP told me, in an email interview that Vector is poised to expand its national account business for a number of reasons: Vector is still privately owned and it has money in the bank (something Vector president Pam Petrow talked to me about recently when Vector got a new $225m credit facility.)  Also in Vector's favor, he said, is its move,...