Mergers & Acquisitions - News

Decision Sciences, a provider of advanced security and contraband detection systems, has created the new role of CCO to enable DSIC to capitalise on its unique and revolutionary non-intrusive inspection (NII) technology, to penetrate new global markets in port and border security, critical infrastructure protection, as well as many others. Kevin is a recognised expert and commercial pioneer with proven success in the security NII sector; he has held leadership roles in market-pioneering OEM com...

TE Connectivity Ltd. reported results for the fiscal first quarter ended December 29, 2023. First quarter highlights Net sales were $3.83 billion, in line with guidance, essentially flat on a reported basis year over year and down 1% organically. GAAP diluted earnings per share (EPS) from continuing operations were $5.76, including a one-time tax-related benefit, and adjusted EPS was $1.84, up 20% year over year. Orders were $3.8 billion, up 4% year over year, with year-over...

OPTEX, the global sensor manufacturer, has appointed Lawrence Peters as Head of Sales in the UK and Ireland to further strengthen and expand OPTEX’s capabilities across the region. Lawrence Peters' responsibilities Lawrence Peters will be responsible for pioneering and implementing OPTEX’s domestic sales and growth strategy, with a particular focus on new customer acquisition across key vertical markets, including the retail, logistics, data centre, critical infrastructure, and res...

Advantech, a global pioneer in Industrial IoT, has officially established the ASEAN Shared Service Centre (ASSC) in Penang, Malaysia, to enhance customer service in the Asia-Pacific region. The company initiated the first project of ASSC by signing a Letter of Intent (LOI) with Piacom, a system integrator (SI) affiliated with Petrolimex, a Vietnamese petroleum group. UCC Worldwide Expansion Plan Additionally, Advantech has launched the University Co-Creation (UCC) Worldwide Expansion Plan...

Verkada, a pioneer in cloud-managed enterprise building security and management, announced new investments to continue growing its go-to-market function. With the arrival of new pioneers in demand generation, field marketing, channel, and product marketing, the company will build on the momentum from 2023 to expand and enrich customer and partner relationships in the year ahead. Latest marketing team Richard Rogers joins Verkada to lead Global Demand Gen & Field Marketing Richard Rogers...

Allied Universal®, the world’s pioneering security and facility services provider, announced the proposed acquisition of the assets of J E Security Systems & Services Inc., a comprehensive guarding and technology provider based in St. Thomas, Barbados. This proposed acquisition is through Allied Universal’s subsidiary, G4S Secure Solutions (Barbados) Limited and is expected to close during the first quarter of 2024. Author's quote "This proposed acquisition marks...

barox Kommunikation AG, the global manufacturer of professional standard managed and unmanaged switches, PoE media converters, and IP extenders, has announced a new partnership with pioneering Middle East video surveillance, access control, and structured cabling distributor, Amstergi.  End-to-end supply chain distributor Established in 2004 and headquartered in Dubai, Amstergi is an end-to-end supply chain distributor offering security integrators in the UAE and Qatar, a single source of...

Mitsubishi Electric Corporation and HACARUS Corporation announced that they have agreed to expand their collaboration in the development of AI-based visual inspection applications for manufacturing. As part of the agreement, Mitsubishi Electric will take an equity stake in HACARUS.  AI-based visual inspection solutions The strategic partnership will leverage the resources and technologies of both companies to increase synergies aimed at maximising mutual technological and business potent...

Commvault®, a major provider of cyber resilience and data protection solutions for hybrid cloud organisations, has announced the appointment of Darren Thomson as its new Field Chief Technology Officer, EMEA & India (EMEAI). This appointment adds to the company’s expert team of Field CTOs, which builds on Commvault’s new cyber resilience offerings, shaping a new era of data protection and delivering industry-renowned threat detection and rapid recovery capabilities. Extens...

Matrix, a pioneer in innovative security solutions, in collaboration with its channel partner - ACIX, Middle East LLC, has marked a triumphant presence at Intersec 2024, the premier event for the security industry, held from January 16th to 18th, 2024, in Dubai, UAE.  Product portfolio With a steadfast commitment to pioneering technology and unwavering customer satisfaction, Matrix has solidified its position in the industry with over 30 years of expertise. The company boasts a dive...

Telcom, the UK’s provider of dedicated business connectivity, has been selected as a strategic partner to deliver its best-in-class connected building solution Preconnect® to the commercial office space at St. Michael’s Manchester. St. Michael’s Manchester A long-term project by Gary Neville’s development company, Relentless Developments, and its strategic partners, St. Michael’s is a £400 million mixed-use development in the heart of the city....

ProdataKey, a major provider of cloud access control solutions, has promoted Dallan Labrum to Executive Vice President of Sales, Brach Bengtzen to Vice President of Marketing, and Evan Orme to Chief Technology Officer and hired Brian Cropper as Chief Financial Officer.  Dallan Labrum As Executive Vice President of Sales, Mr. Labrum will continue to head revenue growth through expanded integration and channel partnerships and the pursuit of new vertical markets for PDK solutions. During h...

IDEMIA Group is a pioneering technology provider whose three market-pioneering businesses power mission-critical solutions based on biometrics and cryptography. Its algorithms have come top among all those tested in the Proprietary Fingerprint Template (PFT III) of the National Institute of Standards and Technology (NIST) benchmark, covering all datasets and fingerprint types.  NIST’s comprehensive evaluation The datasets used on this benchmark are composed of slap or rolled finger...

At Intersec 2024, Motorola Solutions will showcase its intelligent video, powerful analytics, touchless access, advanced alarm and identity management solutions. These new additions to its safety and security ecosystem provide additional layers of critical information to help organisations better detect, analyse and respond to everyday incidents or emergencies. Author's quote “Security challenges are complex, so the solutions for solving them must be simple and intuitive,...

The Electronic Security Association (ESA) proudly announces that Michael Barnes was elected as Treasurer and will serve as Chairman of the ESA Finance Committee following the ESA Board of Directors' meeting on November 30, 2023. Barnes succeeds Kevin Stone, who assumes the role of Chairman-Elect from 2023 to 2024. "I’m delighted that Michael Barnes will serve as Treasurer and Finance Committee Chairman for ESA,” says Kevin Stone, ESA Chairman-Elect and COO of Doyle Security Systems....

The world continues to face its toughest software developer shortage, prompting a global movement toward AI-coding assistants to tackle the increasing gap. The International Data Corporation (IDC) has predicted a  global shortfall of 4 million developers by 2025. Software engineer shortage The US Labor Department estimates that the global shortage of software engineers may reach 85.2 million by 2030, resulting in about $8.5 trillion in unrealised annual revenues. Between 66% and 90% of...

Veeam® Software, the #1 pioneer by market share in Data Protection and Ransomware Recovery announced several updates and enhancements of its Veeam ProPartner Network programme aimed at helping partners around the world to benefit from the growing adoption of Veeam technology to help companies become radically resilient in the face of growing cyber threats and other outages. Veeam ProPartner Network The programme updates are focused on supporting partner profitability in a more predict...

Siemens Digital Industries Software announced the new Teamcentre® SLM app on Salesforce AppExchange. Developed by Siemens in collaboration with Salesforce, the app connects product engineering and product service operations by bringing together the Teamcentre Service Lifecycle Management solution from the Siemens Xcelerator portfolio of industry software with Salesforce Manufacturing Cloud and Salesforce Service Cloud.  Service-centric business models This new app enables manufacture...

Acre Security, a global pioneer providing state-of-the-art security systems, announced the launch of the Aspire Partner programme, marking a significant step forward in enhancing and expanding its partner ecosystem. Initially available to strategic partners in the EMEA region, the programme aims to empower acre security partners by equipping them with the necessary resources and opportunities to explore new markets, create significant revenue streams, and enhance their technical and product kno...

HEINEKEN, the world's most international brewer, has selected Siemens as a partner for its global Net Zero Production roadmap. It is part of HEINEKEN’s ambitions to reach net zero in Scopes 1 and 2 across all production sites by 2030. Decarbonisation programme Siemens and HEINEKEN will work together on a long-term decarbonisation programme, which will see Siemens implementing solutions and services from its Siemens Xcelerator portfolio, to reduce energy usage at more than 15 HEINEKEN be...

Asia Pacific Maritime (APM), the largest meeting place in Southeast Asia for the global maritime value chain, will return for its 18th installment in Singapore from 13 to 15 March 2024 at the Marina Bay Sands.  The premier exhibition and conference is expected to bring together more than 14,000 shipowners, shipyards, ship management, and technical procurers to meet over 1,400 solutions providers.  Solutions and services “For the past few months, we have been reconnecting with...

A complete, end-to-end IDIS video solution has been deployed to support Mercedes-Benz’s ongoing investment in its Egyptian operations. The state-of-the-art solution, delivered by IDIS, in partnership with security integrator pioneer - G4S Egypt, is transforming both security and operational efficiency at the Mercedes-Benz showroom and warehouse in the Abo Rawash 6th October city industrial area. Mercedes-Benz investment With government support over several decades, Mercedes-Benz has inv...

Abacus Group, the Managed Services Provider (“MSP”) to alternative investment firms, announced the opening of a new office in central Edinburgh, to expand its research and development and customer support capabilities, while leveraging the rich local talent pool in the area. The strategic move follows the company’s 15% revenue growth in 2023, building on the 21% recorded in 2022. New office The new office is already being utilised by several employees, and Abacus expects to...

A pioneering security and access management specialist will be making its debut at Intersec 2024 in Dubai, UAE, as it showcases its two latest innovations to the worldwide market.  The Key Safe Company will join the world's pioneering event for emergency services, security, and safety from January 16-18, 2024, at the Dubai World Trade Centre. Supra C500 product The company are pioneers in key safe technology, storing keys and critical information at the point of access for sectors r...

As Intersec 2024 approaches, Secure Logiq stands at the forefront of the surveillance industry, poised to showcase a fusion of innovation, strategic partnerships, and state-of-the-art solutions. Secure Logiq is thrilled to collaborate with esteemed technology partners at Intersec 2024, promising an engaging display of cutting-edge solutions. Technology at Intersec 2024 Explore the ground-breaking technology at the following partner stands: Axis – Stand S1-H11: Secure Logiq powers Axi...

ASIS International and the Security Industry Association (SIA), the membership association for the security industry, have announced details for the 2024 Security LeadHER conference, a special event dedicated to advancing, connecting, and empowering women in the security profession.  The second annual Security LeadHER conference will be held from Monday, June 24 – Tuesday, June 25, 2024, at the Sheraton Phoenix Downtown in Phoenix, Arizona, USA. Security LeadHER Born of a need to e...

Everon, also known as ADT Commercial, a security integrator and premier provider of commercial security, fire, and life safety in the U.S., announced the purchase of Apex Integrated Security Solutions, Inc., based out of Boise, Idaho, USA. Geographic expansion This is the third acquisition that Everon has completed since emerging as a standalone organisation in October 2023, and already the second in 2024, following the January 4 announcement that it had acquired Maine-based Portland Safe, Inc...

Daikin Comfort Technologies North America, Inc. (Daikin), a subsidiary of Daikin Industries, Ltd., a manufacturer of heating, cooling, and refrigerant products, and XOi, the provider of technician-first smart technology for commercial and residential field service companies, are transforming the possibilities of field service technology through a new strategic relationship. AI- and data-driven solution Together, Daikin and XOi are working to revolutionise the way technicians interact with tech...

Genetec Inc., a technology provider of unified security, public safety, operations, and business intelligence solutions, will demonstrate the latest version of its flagship unified security platform, Security Center, as well as a range of cloud-ready solutions at Intersec 2024.   Taking place from 16 – 18 January, Intersec 2024 delegates can experience live demonstrations of the latest physical security products, and gain insights on Genetec's advanced technologies that ar...

Taglio, the globally renowned independent provider of smart card technologies, has announced that it has joined the PSIA. The company, based in Austin, Texas, was established in 2012, and its products and services have been integrated with many millions of smart cards, devices, and mobile phones worldwide. Physical access “Working with our OEM partners, Taglio’s products are deployed in identity and logical access projects, both large and small,” said GW Habraken, Co-Founder...