Latest Security Companies News

Magal Security Systems expands in Brazil
posted on 03/07/2007

Magal Security Systems, Ltd. has announced a new strategic partnership in Brazil. The new strategic partnership, Senstar-Stellar Sistemas de Segurança Ltda., will provide local consultants and integrators with complete perimeter solutions, technical support and a local service center. The new Brazil based operations, located in São Paulo, will be headed by Mr. Eduardo Fazzio, formerly the Magal Group's Brazilian master dealer. "We are very pleased to announce the formation of this new strategic partnership in Brazil,” said Izhar Dekel, CEO of Magal. “This partnership will enable us to further expand our operations to one of our key strategic markets, South America, and, we believe, will serve as a major growth driver in years to come. This partnership will provide us with a local base within the South American free trade region, potentially enabling us to manufacture certain of our products there in the future." ... [more]

Norbain sole distributor for ADPRO digital video security systems
posted on 02/07/2007

Xtralis (formerly Vision Fire & Security) has chosen Norbain as the sole distribution route to market for the UK & Ireland. Xtralis, under new Private Equity ownership, is changing its route to market to accelerate growth of ADPRO solutions. The ADPRO brand is renowned for digital video security systems and solutions based on high quality standards and latest technology, with advanced integration capabilities. As part of its strategy to rationalise the distribution route to market, Xtralis will be increasing assistance to Norbain in the key areas of marketing, technical support and ADPRO applications engineering for larger systems. "The distribution agreement with Norbain is a key component of our plan to accelerate growth in the UK and Ireland," says Jeff Kitching, sales director EMEA. "The two companies are now working together to align promotional and lead generation activities that will help us to better influence end user markets for ADPRO solutions." "This partnership with... [more]

Precise Biometrics increases its holding in Smart Unicorn Solutions to strengthen its position in the Chinese market
posted on 27/06/2007

Precise Biometrics AB is increasing its holding in the previously partly owned company Smart Unicorn Solutions (SUS) to 38 per cent. This will enable Precise Biometrics to further strengthen its position in the Chinese market. In the first quarter of 2006, Precise Biometrics embarked upon a joint venture with Smart Unicorn Group in Shanghai in China. The agreement gave Precise Biometrics a 30 per cent holding in the jointly owned company Smart Unicorn Solutions (SUS). The initial acquisition was made to meet the demands of the Chinese market for security solutions using biometrics. Bringing the transaction to final completion suffered delays and last year the project was written down by almost SEK 25 million. Now, Precise Biometrics, through an issue of 4,000,000 shares, is increasing its holding in Smart Unicorn Solutions by an additional 8 per cent. In addition, a loan of SEK 7 million has been granted for the continued running of Smart Unicorn Solutions. "There is enormous in... [more]

GE Security designs remote monitoring and alert system for Securitas alarms
posted on 15/06/2007

Securitas wanted to offer their existing and future customers remote monitoring of their Alarm systems, so they approached GE Security to develop a new system with this capability. As GE’s lead partner for this technology, they defined the specifications together for a system which would include a key module to allow the monitoring of buildings in remote areas that lacked fixed-line telephone connection. The system would be able to send alarm alerts and video alerts from remote sites, speeding up response times and reducing unnecessary responses to false alarms from more than 10,000 network installations spread throughout Scandinavia and Europe. For this, GE Security needed to develop a GSM and GPRS reporting module. They chose Alpha Micro to assist them with this aspect of the development due to Alpha’s expertise in this field and the successful completion of past projects. GE Security with help from Alpha Micro designed a complex communication module called the CS7002. It is a m... [more]

SonicWALL acquires SSL VPN remote access company Aventail
posted on 14/06/2007

SonicWALL, Inc. has announced that it has entered into an agreement to acquire Aventail Corporation. Aventail is a Seattle-based, privately-held provider of SSL VPN remote access solutions, for approximately $25 million in cash. The transaction is expected to close in July, 2007 and is subject to customary conditions. SonicWALL expects that there will be no impact from the transaction to its financial performance in the second quarter of 2007 and reaffirms its revenue guidance of $45 - $47 million. This move enables SonicWALL to better meet the needs of a broader set of customers by combining the two companies’ complementary SSL VPN offerings. Aventail is recognized as a leader and visionary for its higher-end SSL VPN enterprise control deployments. With its suite of appliances designed for small and mid-sized organizations, SonicWALL has become the unit market share leader for SSL VPN appliances, according to the Infonetics Research report “Network Security Appliances and Sof... [more]

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