Security Dealer & Integrator

AUG 2018

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16 Security Dealer & Integrator / www.SecurityInfoWatch.com August 2018 Fresh Off the Wire / News from around the industry SECURITY WATCH COMPILED BY PAUL ROTHMAN Video Surveillance Equipment Demand Still Growing IHS predicts 10 percent growth to reach $18.5 Billion globally in 2018 New research from IHS Markit finds that the world market for professional video surveillance equip- ment grew by more than 9 percent in 2017, which was more than double the growth the market experienced in 2016 (3.9 percent) and well beyond the 1.9 percent growth the industry saw in 2015. The market research firm attributes the growth to increased government spending on equipment, as well an uptick in private sector spending on replacing surveillance solutions in retail and commercial installations. IHS is also predicting increased in demand for security cameras in 2018 in conjunction with a slightly lower level of price erosion, resulting in the market for surveillance equipment growing at estimated 10.2 percent and reaching $18.5 billion globally. "Global demand for security cameras grew rapidly in 2017, but average prices continued to fall," Jon Cropley, senior principal analyst, video surveillance, IHS Markit, wrote in a research note. "Nevertheless, revenue grew in most countries. Two of the fastest-growing country markets were Brazil and India. A major factor behind the growth in both countries was increased spending by private retail and commercial organizations on HD CCTV systems used to prevent crime." In addition, Cropley said that the Chinese professional surveillance market, which accounted for 44 percent of all global revenue, grew by nearly 15 percent last year, while the market excluding the country grew by just 5.5 percent. The high growth in China is being driven by government investment in city surveil- lance projects and efforts to extend those projects into surrounding rural areas. Although it remains highly fragmented compared to other markets, the supply base for professional video surveillance equipment is becoming more concen- trated. In fact, the top 15 vendors accounted for 62 percent of global revenue in 2017. Read more of the findings at www.securityinfowatch.com/12419737. ■ Bold Technologies Merges with Perennial Software SedonaOffice and AlarmBiller business management software join with alarm monitoring software solutions Alarm monitoring software provider Bold Technologies has completed its long-planned merger with busi- ness management software maker Perennial Software. According to a statement, the companies will become one, with Bold bringing Perennial's line of products – includ- ing SedonaOffice and AlarmBiller – under its umbrella. Both companies have been acquired by EverCommerce, a multi-vertical service commerce platform. Perennial was acquired in February 2018; Bold on June 1st. Bold and Perennial's key manage- ment personnel will remain under the new EverCommerce acquisi- tion. Rod Coles, the CEO of Bold Technologies, will become President of the newly merged company; while Perennial President Laurie Salim will become VP of Operations, and Bold VP Operations Matt Narowski becomes VP of Technology for the new company. "With the resources and backing EverCommerce provides, we have already begun initiatives to create stronger, more integrated solutions that will target the whole security industry," Coles said in a statement. "We could not be more excited to bring these two companies into the EverCommerce family," said Matt Feierstein, President and COO of EverCommerce. "I'm looking for- ward to working with the Bold and Perennial teams as they combine forces and build their long-term growth plans." ■ Allegion to Acquire ISONAS Transaction is expected to close early in the third quarter of 2018 Allegion has agreed to acquire ISONAS through one of its subsidiaries, with the transaction expected to close early in the third quarter of 2018. ISONAS's edge-computing technol- ogy provides access control solutions for non-residential markets. Its intelligent devices – like its "Pure IP" integrated read- er-controllers – use power over Ethernet to leverage existing customer infrastructures. "ISONAS solutions align well with Allegion's channel initiatives and add new access technologies to our portfo- lio," Allegion SVP for the Americas region Tim Eckersley said in a statement. "As Allegion continues to drive electronic adoption across our industry, we will con- tinue to offer more IP wall-based choices." ■

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