Suppliers
ACRE acquires Feenics and Matrix to close out 2021
December 1, 2021SSN Staff
DALLAS—ACRE, a global security company with multiple leading access control brands, announced the strategic acquisitions of Feenics and Matrix Systems. The financial details of the respective transactions were not released.
"Our goal is to bring the industry's best technology innovators into our network of brands," said ACRE CEO Joe Grillo. "Feenics' cloud architecture and Matrix’s simplified approach to integration have helped both brands build significant loyalty from a wide...
Brivo to become publicly traded company through merger with Crown Proptech Acquisitions
November 10, 2021SSN Staff
BETHESDA, Md. and NEW YORK—Brivo, Inc., a global leader in cloud-based access control and smart building technologies, and Crown PropTech Acquisitions, a publicly traded special purpose acquisition company, announced that they have entered into a definitive merger agreement that will result in Brivo becoming a publicly listed company.
The transaction values the company at a pro forma enterprise value of $808 million. Upon closing, the combined company will operate as Brivo, and its...
STANLEY Security partners with and invests in Nexkey
November 5, 2021SSN Staff
INDIANAPOLIS—STANLEY Security, a global provider of integrated security, health, and safety solutions, announced its investment In Nexkey, Inc., a leading innovator in mobile-first, cloud-based access control solutions. This investment – backed by STANLEY Ventures, the venture capital arm of Stanley Black & Decker (NYSE: SWK) – is the start to a strategic partnership between the two companies.
“We are committed to building safer, healthier, and more efficient environments,...
Motorola Solutions acquires Envysion
November 3, 2021SSN Staff
CHICAGO—Motorola Solutions, a global leader in public safety and enterprise security, announced it has acquired Envysion, Inc., a leading provider of enterprise video security and business analytics solutions for the quick-service restaurant and retail industries. Terms of the transaction were not disclosed.
Envysion's cloud-based solution integrates video systems with sales data to proactively identify potentially fraudulent transactions and highlight sales patterns and in-store activity...
SSN Exclusive: Luca Longhin, Deputy CEO of Nice Group USA and Nortek Control
November 2, 2021Cory Harris, Managing Editor
YARMOUTH, Maine—Last month saw a major M&A take place in the security industry as Nice, a global manufacturer of smart home, security, and home & building automation solutions, acquired technology developer Nortek Security & Control, LLC from Melrose Industries.
The acquisition, valued at $285 million, marked the largest investment to date by Nice and solidified the company’s commitment to an increased presence in the North American market, as well as expanding its footprint globally.
The...
Viakoo raises $10 million in Series A funding for IoT vulnerability remediation
November 1, 2021Cory Harris, Managing Editor
MOUNTAIN VIEW, Calif.—Viakoo, a leader in IoT device remediation, announced it has secured $10 million in Series A funding led by Shasta Ventures, joining existing investors Stanley Black & Decker, PivotNorth Capital, and BlueFog Capital.
This latest round will be used to expand executive leadership, as well as invest in product development and go-to-market.
In addition, Viakoo is launching its Viakoo Action Platform suite of cyber modules, which remediate and repatriate IoT devices,...
Latch names Lee Odess as GM of New Market Development
October 21, 2021SSN Staff
NEW YORK—Latch, maker of the full-building enterprise software-as-a-service (SaaS) platform LatchOS, announced that Lee Odess has joined its leadership team as General Manager of New Market Development.
“As we continue to build upon our vision for LatchOS and expand our foothold in the market, our team is laser focused on finding new ways to deliver on our promise of making all spaces better,” said Latch Chief Product Officer and Co-Founder Dhruva Rajendra. “Lee has spent...
Orion Entrance Control partners with Tansa Global
October 19, 2021SSN Staff
LACONIA, N.H.—Orion Entrance Control, Inc., a leading provider of building access technology solutions, has partnered with precision mechanical engineering leader Tansa Global to bring to market world-class Full Height turnstiles powered by Infinity software to provide real-time occupant counting data at entryways, perimeters, lobbies and elsewhere.
“Orion has been interested in Full Height turnstiles for years,” explained Steve Caroselli (pictured above, center), CEO and...
Delta to acquire global video surveillance provider March Networks
October 5, 2021SSN Staff
TAIPEI and OTTAWA, Ontario—Delta, a global leader in power and thermal management solutions, has announced its board of directors has approved the purchase of 100 percent of shares in Infinova (Canada) Ltd., owner of Canadian-based video surveillance and business intelligence leader March Networks.
According to terms of the deal, Delta is purchasing March Networks from Infinova International Ltd. for $114 million through its subsidiary Delta International Holding Limited...
Eagle Eye Networks acquires AI leader Uncanny Vision
September 30, 2021Paul Ragusa, Editor
AUSTIN, Texas, and BANGALORE, India—Global cloud video surveillance leader Eagle Eye Networks announced the acquisition of artificial intelligence (AI) innovator Uncanny Vision, including the company’s research and development capabilities and a new regional office in Bangalore, India.
Eagle Eye Networks CEO Dean Drako told Security Systems News that Uncanny stood out among other AI companies because they are “entirely and completely focused on AI; It’s not an afterthought,”...