Pittsburgh-based Vector Security Inc. today announced the completion of a new credit facility valued at $225 million, which includes $75 million in new financing, to help fuel the company’s future growth.
Vivint™, Provo, Utah, a home automation company, announced the first matching period for the Vivint Gives Back Project. During these periods, Vivint will match supporter donations made to the 100 regional finalists of the Vivint Gives Back Project, an online charitable contest. The first matching period starts on July 21 at 12 a.m. (midnight) MDT and runs through 11:59 p.m. MDT on July 22, 2011.
MOBOTIX, a provider of high-resolution, network-based security solutions, announced that it has expanded its distribution agreement with Tri-Ed / Northern Video, an independent wholesale distributor of security and low voltage products. The strategic partnership allows Tri-Ed / Northern Video to distribute the full-line of MOBOTIX IP-based security solutions in its Canadian branch offices, while continuing to deliver MOBOTIX technologies through its robust U.S.-based network.
The Physical Security Interoperability Alliance (PSIA), a global consortium of physical security providers headquartered in Santa Clara, Calif., and focused on promoting the interoperability of IP-enabled devices, has elected Larry Lien of Proximex of San Jose. Calif., as its new chairman and Marine Drive of Honeywell Security Group of Melville, N.Y., as vice chairman.
A while back, Nate Rice faced the big decision: how and how fast to move to IP-based security video while maintaining and not diminishing his investment in analog cameras and legacy digital video recorders (DVRs). It was not, however, ever a question of continuing to grow and scale up the analog infrastructure.
Legrand North America, West Hartford, Conn., completed its acquisition of Middle Atlantic Products Inc., which now becomes the company’s new Commercial A/V division.
Stanley Black & Decker Inc., New Britain, Conn., and Niscayah, Stockholm, Sweden, a global provider and integrator of security solutions, both announced today that Stanley has made an offer to acquire the Swedish company.
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