Tag: Security
Latch layoffs a symptom of slowing tech sector despite strong jobs report
August 16, 2022Ken Showers, Managing Editor
NEW YORK – Last week, smart access SaaS company Latch Inc. announced restructuring in order to increase its operating efficiency.
In the official press release, the company stated the August workforce reduction would affect 115 employees, 37 percent of its full-time employees. “Under this plan, Latch will renew its focus on higher margin activities with customers, continue to grow new high margin recurring revenue, and more closely align its organizational structure...
Lindo launches crowdfunding campaign for video doorbell
August 15, 2022SSN Staff
DOVER, Del. – Smart home security brand Lindo has launched a Kickstarter campaign for its Dual-Camera Video Doorbell 2k.
The dual camera is notable for being both forward and downward facing, allowing users to eliminate a security blind spot in their residence. “It represents our commitment to being the best-in-class in the home security space,” said Lindo’s CEO Duo L. “Our solutions offer an unparalleled mix of efficiency, ease of use and competitive price on the...
ADT and Google partner with plans to dominate smart home
August 4, 2020Paul Ragusa
BOCA RATON, Fla.—ADT and Google announced a long-term partnership with the goal of creating an end-to-end smart home solution that combines Google’s technology platform with ADT’s installation, service and professional monitoring network.Google will make a $450 million investment in ADT, which equates to 6.6 percent of ADT’s outstanding aggregate common equity, in exchange for shares of a newly created Class B common stock having all of the rights and preferences of ADT's common stock...
SnapAV appoints business development manager for security market
March 11, 2020SSN Staff
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CHARLOTTE, N.C.—SnapAV announced the appointment of Jana Sherer as the business development manager for the security market, a role that includes helping the company develop and implement initiatives to better serve security integrators.
As the former national account director for Interlogix and distribution channel manager for Milestone Systems, Sherer brings a wealth of experience in growth strategy and execution of national market programs for the security...
AI within security: Is it fully realized yet?
February 28, 2019Lilly Chapa
WASHINGTON—Back in early 2017, an unlikely leader emerged in the global artificial intelligence enterprise: Canada. The country announced the establishment of a national artificial intelligence strategy and pledged close to $1 million to developing talent and research communities geared toward AI. Following Canada's declaration, 18 countries followed suit—including China, Russia, and Mexico—each issuing their own unique national approach to AI. The United States is the most recent...
Top 3 areas shutdown is hitting security the hardest
January 16, 2019Ginger Hill
Day number 26 — it's the longest shutdown in U.S. history, and with approximately 800,000 federal employees out of work or working without pay, and three or more hours of wait time to clear security in some of America's busiest airports—Atlanta, Houston, Miami and Washington—security-related vulnerabilities linger. Just by saying the U.S. is “shutdown” seems to give hackers, terrorists, criminals and such the impression that the whole country is weak and now...
Arlo unveils security system, DIY option at CES
January 9, 2019SSN Staff
SAN JOSE, Calif. and LAS VEGAS—Arlo Technologies Inc., the maker of network connected cameras, announced at CES 2019 the Arlo Security System. Designed to complement Arlo camera monitoring capabilities, Arlo's latest solution provides users with the ability to create a “seamless home or small business DIY security system,” the company said in the announcement.The system includes the Arlo Multi-Sensor as well as the Arlo Siren and Arlo Remote, all powered by the Arlo SmartHub and...
FBI chief Celestini to speak about cybersecurity at ESX
May 18, 2016SSN Staff
FORT WORTH, Texas—FBI Section Chief Philip Celestini will be the featured speaker for the ESX Public Safety Luncheon on June 9, ESX organizers announced today.A veteran special agent of the FBI, Celestini is the Senior Executive FBI Representative to the National Security Agency and U.S. Cyber Command. In 2013, he was recognized with the FBI's “Top 12 Knowledge Award” for his pioneering application of technology platforms to improve on-demand information-sharing in complex, multi-jurisdiction...
Seqouin joins investment firm Raymond James
October 9, 2015SSN Staff
MEMPHIS, Tenn.—Raymond James has hired Stephan Segouin as a managing director in the firm's Security, Defense & Government Services Investment Banking practice. Segouin will work with group co-head Alper Cetingok to provide a full range of M&A advisory and capital-raising services to companies in the global security sector.
Segouin has more than 23 years of finance and deal experience on both the corporate and investment bank sides. He joins Raymond James from ADT, the largest provider of alarm...
Will UTC buy Nortek?
August 26, 2015Martha Entwistle
Will UTC buy Nortek?
The Wall Street Journal, citing unnamed sources, says it's in talks to do so for around $1.2 billion. I talked to some folks in the past few days who say the purchase, which may not make sense on the surface may indeed make sense. Other financial reports, such as the Motley Fool, concur.
Nortek is the parent company of well known access control, security and automation brands Linear, 2GIG and Go!Control. Those brands fall under the Nortek Security and Control division. It's ...