Protection 1 is expanding its geographic footprint as the company recently acquired Las Cruces, N.M.-based Central Alarm Inc. and Montgomery, Ala.-based Advanced Solutions Inc. … Security Service Company will be adding commercial and residential alarm accounts to its’ rolls in Pennsylvania following its acquisition of Four Star Electronic Security. … Access control accessories manufacturer Alarm Controls, based in Deer Park, N.Y., will be joining with Securitron and HES to serve the market after being bought by Assa Abloy. … Francisco Partners, a Calif.-based private equity firm, has acquired biometric identity systems provider Cross Match Technologies, which has more than 250,000 products deployed in over 80 countries. … Security products distributor Tri-Ed/Northern Video recently expanded into the Orlando, Fla. market with its purchase of Seabreeze Security Distributors.
Factoid: Latin America expected to be a boon for the security industry - According to recent reports, the demand for security equipment in Latin America is expected to see a significant uptick over the next several years. According to the Security Industry Association, the market for electronic security equipment in Brazil alone is expected to more than triple to $1.8 billion by 2017. IMS Research forecasts the video surveillance market in Latin America to grow at a compound annual growth rate of around 20 percent for the next five years.
Factoid: IP overtakes analog in the Middle East – Sales of network video solutions overtook that of analog in the Middle East last year, according to a new report from IMS Research. The market wasn’t expected to reach the tipping point until this year, however, a weaker impact from the global recession and an increase in oil demands have fueled infrastructure projects in the region, which have subsequently driven sales of IP surveillance products.
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PSA’s Bill Bozeman to be recognized with Lippert Award
PSA Security Network President and CEO Bill Bozeman will be honored by the Security Industry Association with the George R. Lippert Memorial Award next month at the SIA Security Week Gala in New York in recognition for his contributions to the association.