I had an opportunity last November to present to a standing-room-only crowd at ISC East. I was joined by two security industry veterans — Paul Boucherle and Bob Banerjee — and we tackled the subject of what the industry might look like in 10 years. No one really knows, but here is my take on the future of the security industry.
Samsung Electronics agreed to sell its shares of Samsung Techwin to Hanwha Group. With the stock purchase, Hanwha Group will become Samsung Techwin’s largest shareholder, strengthening Hanwha Group’s position in the defense and security industry. The news of the agreement comes on the heels of a record sales year for Samsung Techwin in the U.S., as the company continues to design and sell video surveillance solutions.
Many of the dealers and integrators who own companies in the security industry have what is called a “lifestyle business,” meaning the business brings in enough profits for the owners to live in nice homes, drive great cars, and travel in style. While the owners may appear or may truly be living a comfortable lifestyle, this can change when it comes time for retirement, if a business owner is not prepared.
Vanderbilt Industries, Parsippany, N.J. announced it has entered into an agreement to acquire Siemens’ Security Products business, part of the Siemens’ Building Technologies Division, Frankfurt.
The Electronic Security Association (ESA) hosted a “Day on Capitol Hill” featuring Congressional speakers, briefings, and visits for more than 50 association and industry attendees in Washington D.C., April 28-29.