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Allegion announces CEO succession

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Allegion announces CEO succession

May 31, 2022SSN Staff

DUBLIN—Allegion plc, a leading global provider of security products and solutions, today announced that John H. Stone will succeed David D. Petratis as president and CEO, effective July 11, 2022. Stone will also become a member of the company’s Board of Directors at that time, and Petratis will serve as executive chairman until his retirement, which is expected by Jan. 2, 2023. Petratis has led Allegion since its spin-off from the former Ingersoll Rand in 2013, capping off a distinguished...

Allegion, David D. Petratis, Deere & Company, General Electric, John H. Stone, Kirk Hachigian


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Exclusive Q&A: Orion Entrance Control’s Steve Caroselli

May 3, 2022Paul Ragusa

LACONIA, N.H.—Security Systems News caught up with Steve Caroselli, CEO & Founder of Orion Entrance Control, Inc., who drew upon the years of experience he gained in the turnstile and security industry to open Orion Entrance Control, Inc., in 2009, in a small office in his father-in-law’s garage. Since that time, Orion Entrance Control has tripled its workforce, expanded sales to 11 countries, and provided turnstile and entrance control solutions for some of the biggest names in...

Orion Entrance Control, Inc., Steve Caroselli


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ACRE Founder and CEO Joseph Grillo announces retirement

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ACRE Founder and CEO Joseph Grillo announces retirement

May 2, 2022SSN Staff

DALLAS—ACRE, a global leader providing state-of-the-art security systems, today announced that Founder and CEO Joseph Grillo is retiring, effective May 20, 2022, and named new CEO Don Joos, who will join the executive team effective May 23, 2022. A proven and respected leader who has driven ACRE's business transformation and growth strategy, Grillo's deep knowledge of the security and access control businesses resulted in strong operating results, a track record of 11 successful...

ACRE, Assa Abloy, Besam, Don Joos, HID, HID Global, Hughes Aircraft, Joseph Grillo, Triton Equity Partners


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Allegion to buy Stanley Access Technologies for $900M

April 22, 2022SSN Staff

DUBLIN—Allegion plc, a global security products and solutions provider, has signed a definitive agreement to acquire Stanley Access Technologies LLC and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. for $900 million in cash. When adjusted for approximately $90 million in tax benefits, the purchase price is $810 million on a cash-free, debt-free basis. Reducing the amount paid by the tax benefits, the purchase price represents approximately...

Allegion, Mergers & Acquisitions, Stanley Black & Decker


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Milestone Systems launches new partner program

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Milestone Systems launches new partner program

March 29, 2022SSN Staff

COPENHAGEN, Denmark—Milestone Systems, a leading provider of open platform video management software, today announced new enhancements to its Partner Program that are designed to maximize partner success, help partners compete in a constantly changing market, and provide more enhanced profitability. Aimed at deepening the company’s relationships with its partners, the program’s enhancements include a transparent three-tier program design, partner status by country level, expanded...

Bill Rainey, Milestone Systems, Tim Palmquist


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Nice/Nortek Control launch line of linear surveillance cameras at ISC West

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Nice/Nortek Control launch line of linear surveillance cameras at ISC West

March 23, 2022SSN Staff

CARLSBAD, Calif.—Nice/Nortek Control is set to showcase their brand-new smart and AI powered intelligent Linear Surveillance Cameras and Network Video Recorders (NVR) at ISC West 2022. This multi-family cameras and NVRs are designed to seamlessly integrate with Linear Access Control and Telephone Entry systems. Surveillance camera lines are powered by IntelliVision Video Analytics to provide actionable insights using AI and deep learning-based video analytics on the edge. The NVRs communicate...

ISC West, Nice/Nortek Control, video surveillance


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RAD unveils ‘RAD Light My Way’ facility and campus safety application

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RAD unveils ‘RAD Light My Way’ facility and campus safety application

March 11, 2022SSN Staff

DETROIT—Artificial Intelligence Technology Solutions, Inc. (AITX) has announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has formally released RAD Light My Way, a facility and campus safety solution where users can control the lighting and security conditions of their environment. “With RAD Light My Way, consumers whether they’re employees in a corporate office building, or students on a college campus can take control of their immediate safety...

Circadian Risk, Jeffrey A. Slotnick, Michael Martin, Robotic Assistance Devices (RAD), Setracon Enterprise Security Risk Management Services, Steve Reinharz


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Eagle Eye Networks introduces AI-powered Eagle Eye LPR

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Eagle Eye Networks introduces AI-powered Eagle Eye LPR

March 11, 2022SSN Staff

AUSTIN, Texas—Eagle Eye Networks, a global leader in cloud video surveillance, has launched Eagle Eye LPR (license plate recognition), which uses artificial intelligence (AI) in a true cloud-based system for high accuracy in all kinds of challenging conditions. Eagle Eye LPR operates on readily available security cameras making it affordable and practical for today’s business owners.   “We’re seeing increased demand for LPR/ANPR for security and business optimization....

Brian West, Dean Drako, Eagle Eye Networks, Grid Squared Systems, Lon Bazelais, ParkNGo


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SALTO acquires automatic face recognition innovator Cognitec Systems

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SALTO acquires automatic face recognition innovator Cognitec Systems

March 9, 2022SSN Staff

OIARTZUN, Spain—SALTO Systems, a leading manufacturer of electronic access control and operating system solutions designed to provide a seamless keyless and mobile experience for modern buildings and facilities, is investing in automatic face recognition technology innovator Cognitec Systems. Cognitec, a major and growing player in the face recognition arena, delivers via its proprietary technology, reliable identity, privacy, and security policy implementation. Investing in Cognitec allows...

Alfredo Herrera, Cognitec Systems, Marc Handels, SALTO Systems


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Motorola Solutions acquires Ava Security Limited

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Motorola Solutions acquires Ava Security Limited

March 3, 2022SSN Staff

CHICAGO—Motorola Solutions, a global leader in public safety and enterprise security. announced it has acquired London-based Ava Security Limited, a global provider of cloud-native video security and analytics. Terms of the transaction were not disclosed. Ava Security's scalable, secure and flexible cloud solution provides enterprises with real-time visibility and powerful analytics to optimize their operations and detect anomalies and threats. The platform offers organizations the benefit...

Ava Security Limited, Greg Brown, Motorola Solutions, Tormod Ree


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