Trends & Industry Issues

RSS

The one constant is change. Verification, though an old term, continues to evolve in its meaning.

The topic of video monitoring is hotter than ever, and more and more dealer-owned and central monitoring stations are offering some version of it to customers.

Resideo Technologies Inc. has acquired Pittsburgh-based LifeWhere. The newly acquired company uses machine learning and analytics to predict potential failure on critical home appliances, such as water heaters, furnaces and air conditioners. 

U.S. Senators Rob Portman (R-OH) and Tom Carper (D-DE) published a report that documents the failure of eight federal agencies, over the course of two administrations, to address vulnerabilities in their IT infrastructure.

Cobalt Robotics is a physical security service provider that builds indoor autonomous robots to make security and facility operations more effective. Today, the company announced that it has raised $35 million in Series B financing. The financing was led by global technology investment firm Coatue, and is intended for geographic expansion of services throughout the domestic United States.

ADT continues expanding capabilities and geographic reach via Red Hawk Fire & Security, ADT Commercial with the asset purchase agreement of Security Corporation, a commercial security integrator headquartered in Detroit, Mich. with offices in Novi (Detroit), Mich. and Columbus, Ohio. 

Allied Universal, a security and facility services company ranked no. 56 on the SDM 100, announced the acquisition of Cypress Private Security LP, a San Francisco-based company offering comprehensive security services. Terms of the deal were not disclosed.

iluminar, a specialty security lighting manufacturer, is partnering with Professional Sales Representatives (PSR) to increase the company’s services and sales presence with customers across the western United States. 

Detroit-based Guardian Alarm, one of the nation’s largest independently-owned security companies, announced a partnership with Herman Moore, community activist and former Detroit Lions legend. Moore will serve as spokesperson for the security services provider in Detroit and throughout greater Michigan.