With crushing competition looming, Ring, the home security device company that has had a near-monopoly on the market for video doorbells, is selling itself to Amazon for a reported $1.1 billion. “I’m beyond happy,” said Ring founder Jamie Siminoff about the deal, “incredibly so.”
If booming sales, expanding offices and a parade of TV commercials hadn’t put Jamie Siminoff on the radar of the home security industry, an early March incident certainly did.
Axon International wants to give a body camera to every police officer in the U.S. -- free of charge. If only it were that easy.
Imperial Capital’s latest “Premises Control and Automation” report projects strong growth in the years ahead, but market evolution will present significant challenges for some security pros.
With the sale of Lorex to Dahua, FLIR looks to move away from the DIY security and small to medium-sized security products business.