Paul Sargenti, president and CEO of SAFE Security, ranked #21 on the SDM 100 list, San Ramon, Calif., announced that Citizens Bank, N.A. (“Citizens Bank”) led a six-bank syndicate that has refinanced SAFE Security’s senior secured credit facility.
ObjectVideo Inc., Reston, Va., and Vancouver-based Avigilon Corporation announced the sale of ObjectVideo's intellectual property and patent licensing program to Avigilon for a cash consideration of $80.3 million.
Alarm.com, Vienna, Va., announced the acquisition of Chicago based Secure-i, Inc., a provider of professional commercial video surveillance services. The strategic acquisition gives Alarm.com a standalone, commercial-grade video offering that includes cloud based hosted services and AXIS Communication’s High-Definition (HD) cameras.
When news hit that the Hanwah Group, Seoul, was purchasing Samsung’s video surveillance unit, industry tongues started wagging – what would become of Samsung Techwin once the sale became finalized? To quell any rumors, Samsung Techwin America held a press conference via conference call for industry trade journalists.
Dale Baker, an Illinois resident filed a class action lawsuit against The ADT Corporation and ADT LLC (collectively, “ADT”) on November 9, 2014, alleging that ADT’s wireless security equipment is unencrypted and can be hacked.
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.
Zenitel, Oslo, Norway, a global leader and supplier of the VINGTOR® and STENTOFON® brands of communication systems, announced the unity of these two brands into one - VINGTOR-STENTOFON®.
On November 26, multiple news sources, including Reuters, reported that the Samsung Group, Seoul, had announced the sale of stakes in four petrochemical and defense affiliates, including Samsung Techwin, for $1.7 billion to the Hanwha Group, also based in Seoul, South Korea.
Tyco International announced it is bolstering its technological capabilities on several fronts. It has appointed Daryll T. Fogal as Chief Technology Officer (CTO), launched its new "Tyco On" software solutions platform, and made a strategic investment in San Jose, Calif-based Qolsys, a provider of innovative home automation solutions.
Doyle Security Systems Inc., Rochester, N.Y., a regional provider of residential and commercial security, fire and other life safety systems announced the acquisition of the accounts of the Rochester-based Dakota Systems Inc.
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