More than a year after it initially announced plans to enter the home security and automation market, Telco giant AT&T in October surpassed expectations for the roll out of its Digital Life offering as the company said that the service was available in more than 50 markets nationwide. The company had previously stated plans to launch in 50 markets by the end of the year. Despite the aggressive push and subsequent marketing blitz, however, independent alarm dealers remain largely unfazed. “At LiveWatch, we believe that companies like AT&T and Comcast will raise awareness for home security and automation which will help increase the entire industry's market penetration beyond the roughly 20 percent level where we have been stuck for decades,” said Brad Morehead, CEO of Illinois-based LiveWatch Security.
Allegion becomes independent
Almost a year after Ingersoll Rand announced that it would be spinning off its security business, that vision has now become a reality as Allegion officially became an independent company earlier this month and began trading on the New York Stock Exchange. In an exclusive interview with SIW, Dave Petratis, the company’s chairman and CEO, said that one of his goals for the company, which makes such legacy brands as Schlage, CISA, Interflex, LCN and Von Duprin, is to grow organically and invest in their people and technology. Being an independent company, Petratis said that they will be able to reinvest their profits back into the organization thereby continuing to drive the innovation that has made it successful in the past.
Following on its tremendous growth over the past several years, high-definition video firm Avigilon entered the access control market earlier this spring as it announced the acquisition of RedCloud Security for $17 million in cash. The company said that the acquisition will add a "complementary product line" to its portfolio of high-definition surveillance products and would also enable them to tap into the fast growing market for electronic access control systems. Tyco also expanded its portfolio of products as it acquired video management software provider Exacq Technologies for $150 million in June. Exacq is being integrated into the Tyco Security Products business unit. The company’s ExacqVision brand and respective technologies will remain in place.