Financial
Written by SP&T Staff
Johnson Controls has signed a “definitive agreement” to sell its Scott Safety business to 3M in a cash transaction valued at about $2.0 billion, the company announced on Thursday.
Written by SP&T Staff
Total revenues for AlarmForce’s first three months of 2017 were $13.9 million vs. $14.2 million over the same period in 2016, the company has reported, which is also a decrease of 3 per cent (2 per cent in constant currency).
Written by SP&T Staff
Avigilon Corporation has reported financial results for the three and twelve months ended December 31, 2016.
Written by SP&T Staff
Huronia Alarm & Fire Security Inc. will be providing the installation of a security system, multiple security cameras and lock products all free of charge to Home Horizon Transitional Housing Services, as part of the new Barbara Weider House being constructed in Collingwood, Ont.  
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.
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