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Upon completion of the acquisition by Motorola Solutions, Alexander Fernandes will retire as Avigilon’s CEO and chairman of the board. Ric Leong has also resigned as Avigilon’s CFO, effective immediately.
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Exploring the impact of connected devices on cybersecurity and what the industry is doing to help fix it.
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After the fire department removed a CANASA member’s technicians — who were changing smoke sensors on a wired alarm system — from a jobsite, SP&T News asked the CFAA to clarify how the Ontario Fire Code applies to alarm installers.
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Many surveillance vendors have come under increased scrutiny in recent years as critics point to the industry’s spotty record on cybersecurity. In Hikvision’s case, some of this criticism is deserved, according to Chuck Davis, the company’s newly-appointed director of cybersecurity. But a lot of it is not.
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According to the terms of the agreement, Motorola will acquire all of Avigilon's outstanding shares for $27 per share. The $1B enterprise value of the transaction includes Avigilon's net debt.
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"We are excited to partner with the Convergint management team and look forward to supporting the company in its next phase of growth,” said Matt Cwiertnia, partner and co-head of North American Private Equity at Ares Management.
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Date: Feb. 15, 2018
Location: Toronto, Ont.
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Date: February 20, 2018
Location: Burlington, Ont.
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Date: Feb. 27-28, 2018
Location: Delray Beach, Fla.
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Date: March 7, 2018
Location: Toronto, Ont.
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