ISC West housekeeping: The fun doesn't stop after Vegas
There's been so much news since the end of ISC West, it's been hard to keep up. First of all, I know everyone wants to get attention during the show, but it's one of those things that companies would actually get more coverage if they announced such things at a less crazy time. I equate it to going out to dinner on Valentine's Day: If you go out the night before or the night after Valentine's Day, you would get much better food and service - I promise.
Anyway, here's some of the most recent news:
The biggest story, which we ran on our Newswire and you definitely shouldn't miss, is that Schneider Electric is working with bankers to assess a bid for Tyco International, according to Bloomberg. Should the deal come to fruition, Schneider would be the world’s biggest manufacturer of security systems and this deal would rank as the biggest industrial takeover on record by a European company, according to Bloomberg. Funnily enough, Schneider says it’s not in discussions with Tyco, according to a press release received by Martha Entwistle, the editor over at Security Systems News. Here's the statement she got from Schneider:
“In response to market rumors, Schneider Electric announced today that it is not currently in discussion with Tyco International regarding a potential strategic transaction between the two companies. Schneider Electric stated that it would make no further comment regarding this matter.”
Huh? I'm sure both Bloomberg and Reuters are both wrong on this one.
Anyway, in other news, ObjectVideo has filed a complaint against Bosch Security Systems, Samsung and Sony. The complaint seeks damages for patent infringement:
"With the strong increase of video analytics offerings over the past few years, we've seen a similar increase in the number of companies using ObjectVideo's patented technologies without paying for them," said Bill Marino, chief intellectual property officer for ObjectVideo, in the release. "We need to ensure our existing IP and software partners are not unfairly disadvantaged in the marketplace by competitors whose products use the same or similar functionality to innovations that are ours."
Also involved in a lawsuit are two 360-degree camera manufacturers, who had previously worked together. Grandeye Ltd. filed a complaint on against Sentry 360 Security, Inc. alleging patent infringement, the misappropriation of trade secrets and breach of contract.
Agilence purchased the assets of video analytics company, Vidient. Vidient went out of business in 2010, by the way, so I'm guessing Agilence (who I wrote about recently) probably got a good deal, but, of course, nothing about purchase price was disclosed.
Now that's a lot of news.
Also, the Security 5K was a huge success. There were more than 400 runners out there bright and early on the second day of the show in Vegas (which always impresses me since Vegas doesn't exactly promote early, sober nights). Overall, the event raised $92,000 for Mission 500, enough money to food, clothe and house for 240 kids for a year. Not too shabby, eh? Haven't had a chance to see the results yet? Here's the link.