Security Business

JUN 2018

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16 Security Dealer & Integrator / June 2018 Fresh Off the Wire / News from around the industry SECURITY WATCH COMPILED BY PAUL ROTHMAN NMC a Key Piece in Merger of Four Major Monitoring Centers New Netwatch Group will be a worldwide monitoring provider Third-party monitoring provider National Monitoring Center (NMC) has merged with Netwatch (Ireland), CalAtlantic (United States) and Onwatch Multifire (United Kingdom) to create the Netwatch Group, a global monitoring company. The company will be headquartered in Carlow, Ireland, with its North American headquarters in NMC's Lake Forest, Calif., facility. The merger cre- ated a network of six advanced Global Monitoring Centers, connected by the Netwatch proprietary CRATOS technology platform. David Walsh, co-founder of Netwatch, will lead Netwatch Group as CEO and will oversee an ambitious growth strategy. Michael Schubert, CEO and co-founder of NMC, has retired from the business after 38 years in the industry. "The combined strengths of NMC, CalAtlantic, Onwatch Multifire and Netwatch means that we can immediately deliver industry-leading proprietary technologies in proactive visual monitoring to hun- dreds of thousands of clients." Walsh said in a statement. ASIS Announces Education Program for Upcoming GSX ASIS has unveiled the education pro- gram for the Global Security Exchange (GSX), set for Sept. 23-27 in Las Vegas (formerly knows as the ASIS Annual Seminar and Exhibits). The program lineup features more than 300 ses- sions led by ASIS, InfraGard and ISSA subject matter experts, according to Nancy Green, ASIS VP of Learning. Hot topics include Big Data secu- rity; Augmented and Virtual Reality; ransomware; school emergency preparedness; mass shooting sur- vival; and more. Education will extend beyond the classrooms with theaters on the exhibit floor, as well as TED- style talks from global thought leaders, academia and government officials. To view the full GSX education offerings, visit Arecont Vision Restructures Company files for Chapter 11 bankruptcy protection; company assets expected to be sold to private equity firm Arecont Vision has filed for Chapter 11 bankruptcy protection as part of a restructuring effort that is expected to culminate in the company being sold to a private equity firm Turnspire Capital Partners LLC. Though the company is filing for Chapter 11 restructuring, officials emphasized that it is not going out of business – the filing is a merely a way for them to reorganize and clear debt, which has weighed heavily on the company over the last few years. "Through this transaction, Arecont Vision will shed its debt and make bolder decisions to invest in our future vs. main- tain the status quo," COO and General Manager Raul Calderon said in a statement. "We have found a part- ner in Turnspire who shares our vision and will ensure an exciting future for the company. Manufacturing, cus- tomer service and sales activities will continue uninterrupted." The company filed a bid proce- dures and sale motion along with the purchase agreement; in fact, an asset purchase agreement has already been reached with an affiliate of Turnspire Capital Partners to acquire all of the company's assets. Under that agree- ment, Arecont says employees will be retained; customer programs and ser- vices will continue; and Arecont Vision will be debt-free. The company anticipates the trans- action to close in the July or August. timeframe. Walsh ADT to Offer Phishing Response Solution ADT has partnered with Cofense to offer automated phishing detection and response to commercial customers as part of the ADT Cybersecurity platform of managed detection and response (MDR) services. "As our commercial customer needs expand into the cyber realm, this offering enhances our cybersecurity solu- tion," ADT President Jim DeVries said in a statement. "Phishing emails are among the most dominant form of social engineering attacks today."

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