Select Security, one of the nation’s largest independently owned electronic security and life safety systems providers, announced a new $55 million senior credit facility with the Goldman Sachs Specialty Lending Group. The facility will be used to retire previous debt and provides funding to execute on an aggressive acquisition plan.
Louroe Electronics, a provider of audio monitoring, will host a live demonstration of its gunshot detection technology for school district officials, law enforcement agencies and other top institutions at the Colonial Shooting Academy in Richmond, Va., on June 23, 2016.
Kastle Systems, a leader in advanced managed security systems and services, announced the launch of KastlePresence, an intuitive Internet of Things (IoT) workplace solution. Controlled by a simple smartphone app, KastlePresence offers a suite of features, including an entirely hands-free mobile access solution, designed to make spaces safer, smarter and more convenient for people who occupy and manage office buildings.
Alarm.com Holdings Inc. has entered into a definitive agreement to acquire two business units, Connect and Piper, from Icontrol Networks for $140 million, and Comcast has agreed to acquire Icontrol’s Converge software platform.
Mobile payment systems have been touted as the future of financial transactions, but current systems will need to add biometrics in order to hasten adoption and meet expectations of astronomical growth rates, according to Lux Research.
Snow Phipps Group LLC completed the acquisition of SDM 100 No. 22-ranked Electric Guard Dog from an affiliate of Ulysses Management LLC on June 10, 2016.
Omar Mateen, who perpetrated Sunday’s attack at a gay nightclub in Orlando, killing more than 50 persons, and injuring dozens others, pledged allegiance to the Islamic State (IS) during a 911 call he made during the incident.
At the recent Synnex Strategic Partner Summit, held in May during the 2016 BMW Charity Pro-Am (which is presented by Synnex Corp.) in Greenville, S.C., integrators were treated to three days of championship golf, networking opportunities, entertainment — and of course a little business mixed in.
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