Earlier this month, access control manufacturer Ingersoll Rand took many people in the industry by surprise when it announced plans to spin-off its security business, which includes Schalge, Von Duprin, Steelcraft, and Falcon among other brands, in an effort to enhance shareholder and company value. Under the plan, Ingersoll Rand’s commercial security business (Ingersoll Rand Security Technologies) will be combined with its residential security business (Ingersoll Rand Residential Solutions) to create a new company that is expected to have annual revenues of $2 billion. The company said it expects the spin-off to be completed in approximately 12 months.
Sandy Hook Elementary shooting
Ironically, one of the biggest stories of the year occurred just last week when a gunman opened fire at Sandy Hook Elementary School in Newtown, Conn., killing 20 children and six adults. The shooting shocked the nation and raised new questions about the kinds of security measures that schools should be taking. "It’s heartbreaking and because it’s heartbreaking, there will probably be a louder cry for change to be made," said school security expert Paul Timm, who serves as president of Illinois-based security consulting firm RETA Security. In addition to how the shooting will impact school security nationwide, SIW also examined what it will take for Newtown to recover from a K-12 security director in the Columbine community, as well as what the shooting will mean for companies in the security industry moving forward.