In past years, December has come to be known here at SDM as “acquisitions month.” As the fiscal year ends and companies endeavor to take advantage of much needed tax breaks, the industry typically is flooded with news of mergers and acquisitions (M&A). In recent recession years, this seemed an indication of the security industry’s resilience and ability to thrive while other industries faltered. However, this December seems quieter than others and we set out to find out why, while the industry continues to do well, merger and acquisition activity is down.
Honeywell, Melville, N.Y., confirmed that JoAnna Sohovich decided to leave the company to pursue other opportunities. Sohovich was named president of Honeywell Security & Communications in August, 2010 after holding several executive positions in various Honeywell businesses.
Interlogix, a security products and systems provider, received the North Carolina Department of Labor (NCDOL) “Rising Star” site designation for their Lincolnton, N.C., manufacturing facility.
Massive flooding in Thailand is impacting availability and pricing of hard disk drive (HDD) components inside security video storage and retrieval systems. Depending on the country of origin of the devices, the fallout is lack of availability of some product from security manufacturers and price increases.
Based on interviews by Today’s System Integrator, the crunch may at least last through April 2012 and the price increases, well, could be more lasting, maybe even ever-lasting.
IMS Research reported that the transition from analog video surveillance equipment to network video surveillance equipment is forecast to drive growth of over 7 percent for the mobile video surveillance equipment market in trains and trams, over the next five years.
Whether it’s battling negative legislation, assuring the collective voice of its members is heard, appointing new leadership to drive the industry into the future or recognizing the successes and contributions of industry leaders, security associations are continually promoting the interests of the security industry. What follows are some of the most recent developments.
Security Networks, West Palm Beach, Fla., expanded its footprint into Puerto Rico partnering with Alarm Zone, doing business as Island Security. With this partnership Island Security will market and install Security Networks products and services while Security Networks will assume the monitoring and warranty service on the accounts.
On November 7, Bay Alarm Company, Pacheco, Calif, an independently-owned and operated alarm company, presented a donation to the Colton police department of state-of-the-art ballistics helmets for its Special Weapons and Tactics (SWAT) team.
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