Delta Electronics Inc., a global provider of power and thermal management solutions, announced its board of directors has approved a proposal for a cash tender offer to acquire approximately 35 percent to 55 percent of the outstanding common shares of VIVOTEK Inc.
According to a report by the market research company Reportbuyer, the North America video surveillance market is expected to grow at a CAGR of 17.1 percent for the forecast years of 2017-2025 and is estimated to be worth $35 billion by 2025.
According to a report by the market research company IHS Markit, while 41 percent of the 68 million wireless intruder alarm sensors sold across the globe in 2016 were wireless, only 4 percent of those wireless sensors were used in the large commercial sector.
ADT, a provider of security and automation solutions for homes and businesses and ranked No. 1 on the SDM 100, announced settlements with Alder, its owner, Adam Schanz, and two Monitronics dealers — Alliance Security and Capital Connect — as part of lawsuits against those three companies and Schanz alleging the use of deceptive sales practices to mislead ADT customers.
COPS Monitoring, a Lydia Security Monitoring brand and provider of professional alarm services, announced its Grow Your Business roadshow. The no-cost seminars are designed to help alarm-installing companies learn how to manage attrition, optimize their teams to meet sales goals, and provide additional exclusive benefits that can help alarm-installing companies grow their business, the company described.
According to Reuters, Apollo Global Management is preparing to take ADT public at a more than $15 billion valuation, stating the listing could be the largest private equity-backed initial public offering since Hilton Worldwide Holdings went public with a $19.7 billion valuation in 2013.
Open Options, a provider of open platform access control solutions, in conjunction with Mercury Security and Allegion, will be hosting a regional roadshow in Dallas on Thursday, August 10.
Employees of Hikvision USA Inc., a North American provider of video surveillance products and solutions, and its consumer-focused subsidiary, EZVIZ Inc., sponsored a child in the 32nd annual Torch Run, an annual fundraiser for the Jonathan Jaques Children’s Cancer Center (JJCCC) in Long Beach, Calif.
