Mergers & Acquisitions - Security beat
ISC West 2024 mirrored a vibrant industry on the precipice of accelerated change. Factors such as the cloud, artificial intelligence (AI), edge computing, and biometrics are shaping the future of the security marketplace, and they were front-and-center at the industry’s biggest U.S. show in Las Vegas. Foot traffic was steady and impressive, including more than 29,000 security industry professionals viewing 750 exhibitors. A torrent of eager attendees crowded the lobby on the first d...
The sale of Carrier’s Global Access Solutions to Honeywell in December amounted to a dramatic finish to a big year in 2023 for mergers and acquisitions (M&A) in the physical security market. In the transaction between two industry giants, Honeywell sought to enhance and strengthen its building automation capabilities with the acquisition of Carrier’s Global Access Solutions business for $4.95 billion, in an all-cash transaction. Honeywell acquires Carrier Access business ...
Companies at GSX 2023 emphasized new ways that technologies such as artificial intelligence (AI) and the cloud can address long-standing issues in the security market. Among the exhibitors at the event in Dallas were companies seeking creative ways to apply technology, lower costs, and make the world a safer place. Reflecting on the exhibition, here are some additional takeaways. Expanding AI at the edge i-PRO is a company reflecting the continued expansion of edge AI capability in the...
A pioneer in the access control sector since 1971, AMAG Technology is looking to the future and the next generation of products that will expand its services to customers. “In our vision, we have advanced approaches that will not only provide our partners with advanced technologies but also ones that are easier to install with tools to expand their services,” says David Sullivan, who was appointed President of the venerable access control company in September 2022. New challenges a...
Acre is a company built on mergers and acquisitions (M&A). Since its founding in 2012, Acre acquired several familiar access control companies, from Vanderbilt to RS2 Technologies, Open Options to Feenics, and several others. Acre itself was acquired in 2021 by UK-based private equity firm Triton, thus launching a new chapter in the company's history. Don Joos was named the new CEO in 2022 and set about transforming Acre from a collection of acquired companies into a coherent whole (represe...
Well attended and generating levels of excitement not seen since before the pandemic, ISC West may provide just the shot of adrenaline we need to drive industry success through the uncertain economic times ahead. Buzzwords like artificial intelligence (AI) and the cloud were still prevalent at the conference and exhibition in Las Vegas, but the hype of yesteryear seemed more subdued. Rather than breakthroughs to be celebrated, AI and cloud were discussed more as ways systems can realize even g...
Matter is a new open-source interoperability standard that will simplify the connectivity of smart home systems, including security. The growing popularity of the Matter 1.0 standard was evident at the large Consumer Electronics Show (CES) in January in Las Vegas, where the standard was heavily promoted by companies including Google, Amazon, and Samsung. A flood of Matter-connected products is on the horizon for ship dates in the second half of 2023. Evolve, and manage IoT standards Cr...
New buzzwords were abundant in the articles that generated the most clicks on our website in 2022. From the metaverse to the Internet of Things, from frictionless access control to artificial intelligence (AI), the topics most popular among our site’s visitors were at the cutting edge of change and innovation in the physical security marketplace. Here is a review of the Top 10 Articles of 2022, based on reader clicks, including links to the original content: Metaverse will promote collab...
Milestone Systems wants to double its revenue in the next five years while also setting a new standard of how technology companies behave, spotlighting more responsible use of technology. In short, the open platform video management system (VMS) company seeks to revolutionize the industry, deploying data-driven video software in security and beyond. Milestone is also shifting the approach from tech-centric to emphasizing business outcomes; that is, focusing on solving problems that keep their...
The Global Security Exchange (GSX 2022) in Atlanta in September 2022 is the latest example of the energetic post-COVID resurgence of security trade shows. On the vibrant show flow, discussions centered on topics such as the security industry’s need for more employees and the lingering impact of a months-long supply chain crisis. Against a backdrop of continuing industry challenges, exhibitors and attendees were diverted by a wealth of new opportunities as the industry rebounded. Several m...
Shoplifting is often viewed as petty theft by individuals, but that is not always the case. Overall, shoplifting is becoming more sophisticated and coordinated. Sometimes, retail crimes are strategic and expertly choreographed. Every step is carefully thought out — from the brand to the location to the items that are taken. Shoplifting, a major safety concern Also, the violence that accompanies these events is rising. Shoppers are rightly concerned about their safety while shopping, and...
New robots and indoor drones for security applications are on the horizon, based on the work of ADT Commercials’ Innovation Lab, which is evaluating the new technologies’ value to customers and some typical use cases. The Innovation Lab has been in place for just under a year and just moved into a 2,000-square-foot facility that is staffed with four dedicated ADT Commercial employees and teams from various commercial innovation partners. The idea of the lab is to close the gap bet...
Consolidation is a dominant trend in the security marketplace. Large companies typically swallow up smaller companies as a means of expanding both their technology portfolios and their geographic reach. Sometimes a big fish is swallowed up by an even bigger fish. Despite the pandemic and resulting economic challenges, the security market has continued to be a desirable environment for both big players and startups, which then provide abundant acquisition targets for the larger compa...
Convergint Technologies’ rapid growth has come through a combination of organic growth and acquisitions — they have acquired 35 companies since 2014. Growth has been a focus since day one when the founders started the systems integration company with 10 colleagues in a basement. Today, the diverse company includes more than 5,000 employees globally. As technology has advanced and business practices have evolved, Convergint’s core values and beliefs have guided their path forwa...
Consolidation continued in the physical security marketplace in the turbulent year 2020. There were several mega-deals in addition to shuffling among small and medium-sized companies. Here is a sampling of M&A from this year, compiled from our archive of company news. With the changing economic climate, how much more is ahead in 2021? Stay tuned. Wesco merges with Anixter WESCO International, Inc., a provider of business-to-business (B2B) distribution, logistics services and supply chain...
Anyone thinking the Canon acquisition of Axis is a done deal should reconsider. Not so fast. A wrinkle has emerged as the Japanese imaging giant has been buying up shares of Axis in anticipation of acquiring the Swedish camera manufacturer. The wrinkle comes in the form of a hedge fund company called Elliott Management, which has reportedly bought 10.91 percent of Axis stock. Incomplete Sale The number is significant because Canon needs to acquire 90 percent of Axis stock in order to force th...
In the wake of Canon’s acquisition of Axis Communications, the company faces a communication challenge in the market – to reiterate the camera manufacturer’s commitment to open systems- acknowledges Fredrik Nilsson, General Manager, North America of the Swedish IP camera vendor. “We say nothing will change, and we will show it in our action as well as say it,” he comments. “There have been companies that have claimed openness, but then don&...
A more than 20-year shared history between Canon and Axis Communications has been an underreported aspect of the recent announcement by the world’s largest camera company of plans to acquire the Swedish IP video camera company. Fact is, Canon and Axis have worked together for years, dating back to the time when Axis was focused on making printer servers (rather than IP cameras). In those days, Axis often worked with Canon to supply printer servers, which were bundled with Canon printers,...
Surprise – shock, even – was the initial reaction of most in the industry to the announcement earlier this week of Canon’s intent to acquire Axis. Maybe it was the (apparent) suddenness of the move, or its scale ($2.8 billion!) that caught us off guard. Maybe it’s the continuing ripples the move is likely to cause through the industry that has us still talking about it. It’s clearly the biggest story in our market in years. But after you think about it a couple of...
Have we entered the age of the security company "open marriage?" I used that phrase just a few days ago in relation to the Panasonic-Video Insight acquisition. Now the phrase springs immediately back to mind related to the truly shocking news today about Canon buying Axis, which last year bought video management system supplier Milestone.Is it possible for a video management company and a camera company to be owned by the same company and yet remain "open?"That was the premise when Canon bought...
Is Axis Communications getting ready to expand its business beyond IP video cameras and even access control? A recent comment by Axis founder Martin Gren appears to suggest as much. In a Q&A sponsored by Memoori Research, Gren was asked about “adjacent markets that will merge with IP video” as they relate to the Internet of Things (IoT). Here is his answer: “If you’re talking about IoT, you’re talking about all types of intelligent sensors. Our DNA (at Axis) is...
