Security Business

JUN 2019

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16 Security Business / / June 2019 SECURITY WATCH COMPILED BY PAUL ROTHMAN, EDITOR–IN–CHIEF Fresh Off the Wire / News from around the industry Johnson Controls Merges Video Surveillance, Access Control Teams GM Eli Gorovici outlines the company's motivations behind the move Johnson Controls, which boasts one of the industry’s broadest product portfolios, has announced a reorganization to better meet the needs of the marketplace, which included merging its video surveillance and access control teams together into a single business unit. “The first thing we heard from customers is, ‘video and access are coming together’ – so we said, let’s put the two teams together,” explains Eli Gorovici, General Manager, Tyco Access Control and Video Solutions, Johnson Controls, who took over the businesses about five months ago. Having unified the video surveillance and access control offerings, Gorovici points to a new access control solution that debuted at ISC West as a prime example. The solution leverages a camera with facial recognition software as a way to provide frictionless access control. Additionally, Gorovici says the company believes the industry will move almost entirely to the cloud at some point in the future, and he says they are preparing their portfolio for the transition. Other pillars of the merged unit include cybersecurity, where Gorovici says Johnson Controls is investing heavily and offering a variety of services to help integrators and end-users; and automation – specifically leveraging artificial intelligence (AI)/machine learning to help bring greater automation to services like video monitoring. The new structure also aligns with JCI’s R&D and go-to-market strategy, coupled with its sales approach of tailoring solutions to meet the needs of a variety of different customers. ■ Pelco Sold to Equity Group Schneider Electric bails after buying video surveillance company for more than $1.5 billion back in 2007 Schneider Electric has sold its Pelco business unit to U.S.-based private equity firm Transom Capital Group. Financial terms of the deal were not disclosed. Rumors of a potential sale initially surfaced in late March following a Reuters report that revealed Schneider had entered into exclusive negotiations with Transom regarding the sale. Transom’s investment portfolio includes companies in variety of industries, ranging from music merchandising and licensing, to audio systems and sports helmets. Schneider, a leader in the building automation space, originally acquired Pelco in 2007 with the hopes of gaining a strong footing in the video surveillance market; however, according to Jim McHale, Director of market research firm Memoori, the deal did not exactly pan out as they had planned. “Unfortunately for Schneider, the deal was never a success,” McHale says. “While Pelco was a profitable company, it did not have the IP network camera technology – which subsequently went on to dominate the market over the succeeding 10 years.” ■ Monitronics to Start Chapter 11 Reorganization Ascent Capital Group has announced that its wholly-owned subsidiary, Monitronics, plans to file for Chapter 11 bankruptcy protection as part of a restructuring effort that will eliminate $885 million in debt from the company’s balance sheet. Monitronics, which rebranded last year as BRINKS Home Security, said in a statement that it is “confident” that it will be able to meet its financial commitments and continue to operate its business as usual during the restructuring period. “The restructuring announced today will give our company the strongest balance sheet in our industry and, in doing so, will make us an even stronger competitor and partner,” Jeffery Gardner, President and CEO Monitronics, said in a statement. Read more about the restructuring plan at ■ Stanley Partners with STANLEY Security has partnered with to offer a complete digital security solution under the STANLEY brand for small businesses beginning in the second quarter of 2019. “ enables STANLEY Security to offer small business customers a mobile app-enabled, digital security solution,” said Robert Raff, President of STANLEY Security. The security solution offers smart intrusion, video systems, access control and commercial automation into a single mobile app experience. With the touch of a button, business owners can lock doors, arm the security system, adjust the thermostat, and more. ■

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