Financial
Written by SP&T Staff
TOA Canada Corporation, manufacturer of commercial audio and intercom products, says it broke its sales record for the second year in a row during 2016.
Written by SP&T Staff
AlarmForce Industries has issued its 2016 financial report and restated results for previous periods following a review of its prior handling of service cancellations for some of its customers.
Written by SP&T Staff
Legrand North America’s Red Cross disaster relief fundraiser has collected $112,540, which will provide assistance to the people and regions affected by natural disasters throughout the country, according to the company.
Written by SP&T Staff
3M says it has entered into agreements to sell the identity management business within its Traffic Safety and Security Division to Gemalto for $850 million, subject to closing and other adjustments.
Written by SP&T Staff
Resolver has finalized the acquisition of Wynyard’s Risk Management suite of products and says it has “re-engaged a significant portion of the original WRM team,” including Bob Adderley, Scott James, Clint Walker and Adam Belfield.  
Written by SP&T Staff
Avigilon Corp. has engaged CBRE Ltd. to market the company's nine-storey office tower located in downtown Vancouver for a sale and leaseback.
Written by SP&T Staff
A private investment firm with an interest in Toronto’s UCIT Online Security has also made an investment in Stealth Monitoring Inc., a Dallas-based video surveillance business focused on designing, installing and providing remote video monitoring solutions to multi-family residential, commercial and industrial businesses in the United States.
Written by SP&T Staff
After a strong first half of 2016, the growth rate and level of activity for Axis Communications in the third quarter was slightly weaker. The company reports a net sales increase of 5 per cent in the third quarter of 2016, and an even greater increase, 9 per cent, for the January to September period.
Written by SP&T Staff
A Toronto-based provider of identity and authentication solutions has raised $27 million in growth capital to fund the commercial rollout of a privacy-enhancing digital identity network. Teaming up with SecureKey Technologies Inc. on this initiative and participating in the funding round are: BMO Bank of Montreal, Bank of Nova Scotia, CIBC, Desjardins, Royal Bank of Canada and TD.
Written by SP&T Staff
A Chinese webcam manufacturer is recalling some of its products after they were identified as a contributor to the massive Internet attack last Friday that affected Reddit, Twitter and other popular sites.
Written by SP&T Staff
Tyco has signed a definitive agreement to sell its security business in South Africa, which operates locally under the ADT brand, to Fidelity Security Group for approximately ZAR 1.9 billion (US$140 million).
Written by SP&T Staff
Avigilon Corp. of Vancouver reported record revenue of US$85.7 million for the second quarter of 2016, an increase of 17 per cent over Q2 2015 revenue of US$73.0 million. The higher revenue reflects greater customer adoption in existing markets, further penetration of new target regions, sales of new products, and a pricing adjustment.
Written by SP&T Staff
NTT Security Corp. has begun operations as a specialized security subsidiary of NTT Group, bringing together NTT’s advanced analytics technologies, threat intelligence and security experts.
Written by SP&T Staff
Market concentration in the video surveillance industry really took hold in 2013. While there have been many acquisitions in this sector, that’s not the only factor causing market share growth among the top 15 video surveillance equipment suppliers, says Niall Jenkins, consulting manager, building technologies, IHS Markit.
Written by Cindy Macdonald
FST Biometrics has announced that Avi Naor, a member of FST's board of directors, has made an investment in FST Biometrics and has been appointed chairman of the board.
Written by SP&T Staff
TSOC has pledged support for the Alberta Fires Appeal, and will donate five per cent of all TSOC product sales at the Graybar Canada Edmonton and Calgary locations between May 16 and August 31, 2016.
Written by SP&T Staff
A Quebec developer of IP video compression, transmission, and decoding technology for business, government, and military clients has received funding from various investors to finance expansion and R&D efforts.
Written by SP&T Staff
Pelco by Schneider Electric, a maker of security cameras and surveillance equipment, has laid off 43 workers as the company narrows its technology focus, the Fresno Bee reports.
Written by SP&T Staff
Tony Fadell, explaining his departure from the company he founded, tells the New York Times it was time to move on. Fadell was a co-founder of Nest in 2010, and led the maker of smart home devices for six years, including the last two under the ownership of Google.
Written by SP&T Staff
The continuing increase in computer hacking is leading to a rise in the use of managed security services in North America. As the corporate world and governments address these new and ongoing threats, managed security services in North America are forecast to grow at a 10.9 per cent compound annual growth rate (CAGR) from US$16 billion in 2015 to US$26.9 billion in 2020, according to market analytics firm IHS Inc.
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