This week in our Fire & Security industry news round-up we cover acquisitions, deep learning, and more…
Fine Tec acquired by Exclusive Group
Value-added services and technologies company Exclusive Group have acquired leading Silicon Valled cyber security VAD, Fine Tec, paving the way for US market entry and advancing its global distribution partner offering.
(Security World Market, 24/08/2017)
PSIMS in the age of acquisition
Common event in today’s markets, mergers and acquisitions are becoming more and more prevalent in the F&S industry (see above article). As some of the largest names merge, others are growing rapidly through acquisition. When evaluating the merger or acquisition, the security department is often last to be considered, so what does this mean for PSIMS?
(Security Info Watch, 20/08/2017)
Surveillance deep learning market set to be driven by China
Chinese video surveillance market revenues are still forecast to grow at a compound annual growth rate (CAGR) of 12.4% between 2016 and 2021 from $6.4billion to $11.4 billion. The major driver is deep learning for video analytics. And much of the future growth is forecast to come from recorders rather than cameras. With numerous large projects of surveillance camera installation and massive amounts of video data, end-users in China are eagerly seeking ways to interpret this data with video analytics.
(Security World Market, 22/08/2017)
Our weekly fire and security news round-up regularly feature supplier news, product launches, events, our own articles, and much more. Check back each week to catch up on the industry news affecting the fire & security sector collated by our team of fire & security recruiters.
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