Nice S.p.A., an Italian international home automation and home security company, acquired FIBARO, a brand in the global smart home market. The transaction, which was public as of Friday, July 13, is valued at $73 million and includes the entire share capital of Fibar Group S.A. including its U.S. subsidiary.
Arecont Vision, provider of IP-based megapixel camera and video surveillance solutions, announced the acquisition of its assets by Costar Technologies Inc. has been approved by the bankruptcy court. Arecont said in a press release it anticipates the sale will close on July 13, 2018.
In China, which has an estimated 200 million surveillance cameras already in use, some cities are using facial recognition and AI technology to track and identify criminals and in some cases to shame people for law infractions, according to an article in The New York Times.
Bold Technologies, a provider of alarm monitoring software, is pleased to announce it has completed a long-planned merger with Perennial Software, a provider of management software in the security industry. The companies will become one, with Bold bringing Perennial’s line of products, including SedonaOffice and AlarmBiller, under its umbrella.
Red Hawk Fire & Security LLC., ranked No. 7 on SDM’s Top Systems Integrators Report, acquired Security and Data Technologies Inc. (SDT), to continue extending its reach to customers in Philadelphia, and the tri-state area of Eastern Pennsylvania, Central and Southern New Jersey and Delaware.
SimpliSafe, a provider of DIY home security, announced that funds affiliated with Hellman & Friedman LLC have entered into an agreement to join forces with SimpliSafe CEO and Founder Chad Laurans to accelerate the company’s growth and expansion of the home security market.
Allegion plc, a global security products and solutions provider, has agreed to acquire ISONAS through one of its subsidiaries. The transaction is expected to close early in the third quarter of 2018, subject to customary closing conditions.
Video monitoring systems, along with other surveillance devices, present a cyber vulnerability that must be taken seriously. Follow these steps to proactively monitor the security and monitoring system components.
A key consideration for every business is how to properly secure its data and assets. Video monitoring has long been a great tool in the arsenal of security professionals, allowing for dynamic and real-time observation of physical locations and data centers.
COPS Monitoring, Williamstown, N.J., recently announced it is building dedicated mPERS monitoring centers inside its N.J. facility and one other site (to be announced), from which it will be offering mPERS to its dealers. Jim McMullen, president and COO of COPS, discussed the move in an exclusive Q&A with SDM.