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Business PeoPle
Samsung Techwin
appoints new
Managing Director
Weybridge, Surrey (UK)
Mr Jong Wan Lim has been ap-
pointed Managing Director of the
professional security division of
Samsung Techwin Europe Ltd.
Prior to his appointment,
Mr Jong Wan Lim has worked
for the Samsung Group for 26
years as a Project director in new
business and head of overseas
countries. Mr Jong Wan Lim also
led the Samsung Techwin DACH,
CIS and East European team.
"2014 will be a very exciting
year for Samsung Techwin in
Europe, Russia and CIS and I
am very pleased to have the
opportunity to lead a highly
professional team who share my
enthusiasm for providing custo-
mers with the best possible pre
and post sales support, as well
as `best in class' video surveil-
lance solutions," said Mr Jong
Wan Lim.
"The sales of the IP Network
based solutions have already
exceeded the sales of the tra-
ditional analogue products and
with the help of our WisenetIII IP
network full HD range we have
seen a dramatic increase in our
own IP network sales, which has
proved to be extremely popular
with installers and system inte-
grators, I am confident that we
will be able to grow our market
share during 2014 and beyond."
Jong Wan Lim.
Avigilon acquires VideoIQ for US$32 million
Vancouver, Canada
Avigilon Corporation,
has signed
a definitive agreement to acquire
the video analytics company
VideoIQ, Inc.
VideoIQ for cash
consideration of US$32 million.
The transaction is expected to
close in early January 2014.
Founded in 2006, VideoIQ has
grown to become a big player in
realtime intelligent video analytics
solutions for security and business
intelligence applications. VideoIQ
has a developed portfolio of video
analytics intellectual property,
with 23 patents granted or pend
ing, trade secrets and knowhow.
Headquartered in Billerica, MA,
its highly skilled and experienced
workforce will extend Avigilon's
growing team. VideoIQ's pro
prietary technology includes live
detection, event verification and
instant notification, and selflearn
ing capabilities.
"VideoIQ's analytics solution
complements Avigilon's innovative
line of products," said Alexander
Fernandes, president and CEO
of Avigilon. "The acquisition will
give us sophisticated, commer
cially proven analytics technology
supported by one of the leading
analytics development teams in the
industry. VideoIQ is transforming
the future of intelligent surveil
lance and I am pleased to welcome
the team to Avigilon."
VideoIQ has approximately 30
employees and a diversified, blue
chip customer base in multiple
industries.
"We believe there is an oppor
tunity to increase the sales of both
VideoIQ and Avigilon surveillance
systems in the near term by bring
ing VideoIQ's existing products
into our established global distri
bution channels," Mr. Fernandes
added. "Over time, as we integrate
VideoIQ's technology into the Av
igilon system, we will expand our
endtoend highdefinition surveil
lance solutions to include robust
analytics capabilities, giving end
users the ability to prevent crime
proactively and more effectively
analyze large amounts of data."
GMP Securities LP acted as
the exclusive financial advisor
to Avigilon on the transaction,
and Raymond James & Associ
ates, Inc. acted as the exclusive
financial advisor to VideoIQ on
the transaction.
Alexander
Fernandes,
president
and CEO of
Avigilon.
New Tyco Alarm.com global partnership strategy
Ontario, Canada
Tyco Security Products
, part of
Tyco is entering into a new global
partnership with Alarm.com.
Alarm.com is a leading tech
nology provider for connected
home services powering well
over 1 million households. With
highly customised services that
include interactive security, video
monitoring, energy management
and home automation, the com
panies believe that Alarm.com's
technology perfectly complements
Tyco Security Products' expertise
in Interactive hardware solutions.
Alarm.com will be available in
early 2014 on DSC's Impassa se
ries followed by select other hybrid
systems for global markets later in
the year. The partnership includes
a close engineering collaboration
to ensure the full range of current
and future Alarm.com services are
supported providing a leading,
futureproof platform to dealers
globally.
"We look for the bestofbreed
technology partners, and pairing
Alarm.com's interactive service
with Tyco Security Product's
hardware creates a highly attractive
package," says Alarm.com's Senior
Vice President of Marketing Jay
Kenny. "This gives our interna
tional dealers the best set of op
tions to bring to property owners
and delivers a great experience for
the customer."
Tim Myers, Product Line
Director Intrusion, for Tyco
Security Products, states "we are
very excited about the new op
portunities and features that our
partnership with Alarm.com will
bring to Tyco Security Products
and our global customers. With
proven service delivery in the se
curity and connected home space,
Alarm.com supports our current
and future product portfolio.
Our partnerships with Interactive
service providers in 2014 will give
customers both the service and
the product choice they have been
looking for. We are committed to
continue giving our customers top
notch solutions for all their busi
ness opportunities."
Aligned with Tyco Secu
rity Products' multiplepartner
strategy for Interactive solutions,
the partnership with Alarm.com
is a further testament to Tyco Se
curity Products' commitment as
a significant player in the global
interactive space. Tyco Security
Products' role as a global industry
leader in the development of
security solutions, paired with the
strengths of interactive security
services offered by highcalibre
partner brands such as Alarm.
com, enhance Tyco Security
Products' footprint in the inter
active security and connected
home space, ensuring customers
with additional revenue oppor
tunities and enhanced service
standards.
As a whole this philosophy
has been designed for custom
ers to continue to greatly benefit
from this new, multiplepartner
strategy, as Tyco Security Products
continues to identify, build on
and leverage synergies between
global partner businesses.
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