In today’s news round-up, breaking news hits the security industry as Canon has offered a record $2.8 billion to buy IP surveillance manufacturer Axis Communications, making this Canon’s biggest acquisition to date. In response to the public offer, Axis Communications’ Board of Directors has released a statement advising shareholders to accept the offer. Following Canon’s acquisition of Milestone in 2014, this deal could make Canon even more of a major player within the security industry.

This announcement is in keeping with Larry Anderson’s recent article on the potential investment opportunities available within the security industry. Axis Communications has also hinted at possible new product launches, in a recent Q&A sponsored by Memoori Research.

Elsewhere in the industry, VIVOTEK IP cameras are helping to secure Mongolia’s largest commercial bank, Khan Bank. A total of 675 VIVOTEK cameras have been installed across Khan Bank’s Mongolian network. Over in Ecuador, IP-based video surveillance technologies from Verint Systems have been deployed in the city of Guayaquil to expand on the city’s proactive Safe City initiative. Finally, WebWayOne has donated equipment to Tavcom Training’s Alarm Systems courses to help students gain practical experience in alarm handling. Read more security news….