Financial
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.
Written by SP&T Staff
Safran has reached an agreement to sell Morpho Detection, a US-based subsidiary, and other detection-related activities to Smiths Group plc for an enterprise value of US$710 million.
Written by SP&T Staff
Joel Matlin and AlarmForce have reached a settlement in Matlin’s $11.3-million wrongful dismissal lawsuit. The details are confidential.
Written by SP&T Staff
The U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the acquisition of ADT by Apollo Global Management.
Written by SP&T Staff
Two players in the global labeling industry have announced a merger. CCL Industries, a producer of specialty label and packaging solutions, has entered into a definitive merger agreement to acquire Checkpoint Systems, which manufactures technology-driven, loss prevention, inventory management and labeling solutions, including RF and RFID-based, for the retail and apparel industry.
Written by SP&T Staff
Revenue and EBITDA grew in 2015 for Avigilon Corp., but the company experienced declines in net income.
Written by SP&T Staff
TOA Canada achieved impressive sales of its commercial audio and intercom products last year, making 2015 the company’s best sales year on record.
Written by SP&T Staff
Nortek, Inc. has announced that following receipt of an unsolicited proposal to acquire the Company, the Board and its advisors commenced a review of strategic alternatives. That review is now complete and all discussions in relation to this proposal have now ended.
Written by SP&T Staff
For the third quarter ended July 31, 2015, AlarmForce Industries reported revenues of $14.1 million. Net income fell by 126% in the third quarter year-over-year, driven by one-time non-recurring items totaling $2.5 million. Diluted earnings per share fell to a loss of $0.03 per share in the third quarter of 2015 from $0.13 during the same quarter of 2014.
Written by SP&T Staff
Siklu Inc., a global market player in millimeter-wave technology, has announced that it has closed $18 million in Series-D funding. The new investor in this round, Sercomm Corporation, was joined by existing investors Argonaut Private Equity, Evergreen Venture Partners, DFJ Tamir Fishman Ventures, Qualcomm Ventures, The Tamares Group and Amiti Ventures.
Written by SP&T Staff
Ring, a maker of a video doorbell, has just landed Richard Branson, head of the Virgin Group, as an investor.
Written by SP&T Staff
Alarm.com Holdings, Inc., has announced the pricing of its initial public offering of 7,000,000 shares of common stock at a price to the public of $14.00 per share. All of the shares are being offered by Alarm.com. The shares were expected to begin trading on the Nasdaq Global Select Market on June 26, 2015 under the symbol "ALRM."
Written by SP&T Staff
Alarm.com Holdings, Inc., a platform solution for the connected home, announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of shares of its common stock.
Written by Staff
Suprema announced financial results for its 2014 fiscal year ended Dec 31, 2014. The company posted record high yearly revenue of $65.5 million (USD) and increase in market capital to $357 million (USD).
Written by Staff
Razberi Technologies — a developer of network video solutions for professional video surveillance and security applications — has raised $3.5 million in capital led by Texas-based LiveOak Venture Partners and has appointed security industry veteran Ken Boyda as non-executive Chairman of the Razberi Technologies Board of Directors.
Written by Staff
Avigilon Corporation recently announced its financial results for the three and six months ended June 30, 2014. All figures are stated in Canadian dollars unless otherwise noted.
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