CEDIA announced the 2018 finalists for the Home Technology Professional Awards competition. The CEDIA Awards honor the top projects completed by home technology professional members in the past year.
Ui Supplies, a value-added regional distributor of name brand consumer and specialty electronics for the metro New York/tri-state region and member of the PowerHouse Alliance, will celebrate their anniversary and sixth annual BBQ Bash and Trade Show at its new Plainview, N.Y., flagship location on July 26.
Nice S.p.A., an Italian international home automation and home security company, acquired FIBARO, a brand in the global smart home market. The transaction, which was public as of Friday, July 13, is valued at $73 million and includes the entire share capital of Fibar Group S.A. including its U.S. subsidiary.
Arecont Vision, provider of IP-based megapixel camera and video surveillance solutions, announced the acquisition of its assets by Costar Technologies Inc. has been approved by the bankruptcy court. Arecont said in a press release it anticipates the sale will close on July 13, 2018.
In China, which has an estimated 200 million surveillance cameras already in use, some cities are using facial recognition and AI technology to track and identify criminals and in some cases to shame people for law infractions, according to an article in The New York Times.
Bold Technologies, a provider of alarm monitoring software, is pleased to announce it has completed a long-planned merger with Perennial Software, a provider of management software in the security industry. The companies will become one, with Bold bringing Perennial’s line of products, including SedonaOffice and AlarmBiller, under its umbrella.
Red Hawk Fire & Security LLC., ranked No. 7 on SDM’s Top Systems Integrators Report, acquired Security and Data Technologies Inc. (SDT), to continue extending its reach to customers in Philadelphia, and the tri-state area of Eastern Pennsylvania, Central and Southern New Jersey and Delaware.
SimpliSafe, a provider of DIY home security, announced that funds affiliated with Hellman & Friedman LLC have entered into an agreement to join forces with SimpliSafe CEO and Founder Chad Laurans to accelerate the company’s growth and expansion of the home security market.
Allegion plc, a global security products and solutions provider, has agreed to acquire ISONAS through one of its subsidiaries. The transaction is expected to close early in the third quarter of 2018, subject to customary closing conditions.
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