Resideo Announces CEO Succession Plan and New Chairman of the Board

Resideo Technologies, Inc. announced that Jay Geldmacher, President and Chief Executive Officer, has informed the Board of his intention to retire from his executive and Board roles in 2025. Mr. Geldmacher will continue to serve as President and CEO until his successor is named, at which time he will also retire from the Board and become a senior advisor to the company to facilitate a smooth transition.

Today’s announcement is part of the company’s active succession planning process. The Board has engaged a nationally recognized executive search firm to assist in the process of identifying and evaluating qualified candidates.

“It has been my privilege to be a part of Resideo, and I look forward to continuing to serve the company and its stakeholders until my successor is named. I am proud of the company’s achievements, and I want to express my deepest gratitude to the Resideo team,” said Jay Geldmacher. “Over the past four years, we have refocused our product portfolio, substantially improved the cash flow and financial profile of the company, made two transformational acquisitions, entered new markets, and accelerated our new product introduction cadence. All of this has created a foundation for future revenue and earnings growth.”

“As a market leader, I believe Resideo is well positioned to capitalize on its profitable growth opportunities and generate durable free cash flow in the future. I look forward to supporting a smooth transition to the next CEO as Resideo prepares to embark on its exciting next chapter.”

“On behalf of the entire Board, we wish to extend our sincerest gratitude to Jay for over four years of devoted service to Resideo,” said Andrew C. Teich, incoming Chairman of Resideo’s Board of Directors. “Jay’s collaborative partnership in the boardroom and strong leadership in driving structural improvements to the company’s operations leave Resideo far better positioned to achieve long-term profitable growth.”

“The Board remains fully confident in the company’s strategy as well as its senior leadership team. Through our ongoing succession planning, the Board is committed to appointing a new CEO who will continue to drive our ambitious vision forward. We greatly appreciate Jay’s support in ensuring a smooth transition.”

Chairman of the Board Change

Resideo also announced that Board member and current Vice Chair, Andrew C. Teich, has been named as Chairman of the Board, succeeding Roger B. Fradin, who has stepped down from the Board after having served as Chairman of the Board since 2018. Given his long history with the company, Mr. Fradin will continue to advise Resideo in a consulting capacity, leveraging his extensive and relevant industry and operational experience.

“Andy is a strong leader who has been an incredibly valuable voice on the Board since the company’s launch in 2018,” said Mr. Fradin. “Drawing on his significant experience, Andy is the ideal person to assume the Chair role and continue to work closely with other members of the Board in connection with our CEO succession process that was announced today.”

“Resideo has benefited greatly from Roger’s deep expertise, guidance, and commitment to the company and its stakeholders,” said Mr. Teich. “His leadership has played a key role in the company’s transformation process and has set the company up for success in the future. On behalf of the entire Board of Directors, I want to thank Roger for his tremendous efforts and look forward to continuing to work with him in his consulting capacity.”

Mr. Teich previously served as Resideo’s Lead Independent Director from 2019 through June 2023 and currently serves as the Chair of the Innovation and Technology Committee and as a member of the Nominating and Governance and Compensation and Human Capital Management Committees.

Prior to joining Resideo’s Board, Mr. Teich served as President and Chief Executive Officer and a member of the Board of Directors of FLIR Systems from 2013 to 2017. Mr. Teich has served as the Chairman of the Board of Directors of Sensata Technologies, a publicly traded global industrial technology company, since July 2019.

As appeared in SecurityInfoWatch.com, Nov. 9, 2024

Everon CEO Dan Bresingham Has Left; Chairman of the Board Tim Whall to Serve as Interim CEO

Security integrator Everon has confirmed a story broken this morning on IPVM.com that its CEO, Dan Bresingham, has left the company. Industry veteran and current Chairman of the Board Tim Whall will take over the CEO position for the company on an interim basis.

“Everon is grateful to Dan Bresingham for his years of dedication and leadership, and most recently in leading Everon through monumental transformation to become a standalone, nationwide integrator,” the company said in a statement provided to SecurityInfoWatch.com. “We thank him for all he has done to help us reach this critical milestone and warmly wish him well in all his future endeavors.”

The statement continues: “As of today, Tim Whall, Chairman of the Board, will step in as Everon’s Interim Chief Executive Officer. Tim has nearly 50 years of leadership experience within the security industry and is well-positioned to lead Everon into its next phase of growth. Our vision for the future is focused on optimizing service delivery, investing in meaningful innovation, driving financial results, and keeping our commercial customers at the center of our business.”

As the statement indicates, Bresingham guided Everon through the company’s divestiture from ADT, shedding the ADT Commercial branding and being acquired by GTCR, the private equity firm that purchased the commercial division of ADT in Oct. 2023.

Whall and GTCR’s relationship dates back decades. In 2000, the private equity firm acquired Whall’s company SecurityLink, which was soon sold to Tyco/ADT, where Whall remained as president before taking over another GTCR acquisition, Honeywell Security Monitoring, in 2004.

At HSM, Bresingham joined forces with Whall as CFO of the company, and Bresingham stayed on when Stanley purchased the company in 2007. Three years later, GTCR and Whall teamed again to acquire Protection One and transform the residential-focused company into a dual-threat residential/commercial player, reuniting the two executives. Bresingham and Whall created the commercial offering of Protection One, which, over the course of many acquisitions, evolved to become ADT Commercial and then Everon.

Bresingham was a key executive on hand for Everon at GSX this September, and met extensively with both the media and customers. It is unclear at this time the details of his exit from the company, and if/when Everon plans to name a new CEO or remove Whall’s interim tag.

Since GTCR’s 2023 acquisition, Everon has acquired five integration companies: Newtech Systems of Kentucky, Portland Safe of Maine, Apex Integrated Security Solutions of Idaho, Customized Service Concepts of New England, and Michigan-based Riverside Integrated Systems. The company also recently acquired DIGIOP, a provider of video and business intelligence software, and launched an Innovation and Operations Center in Dallas.

As reported by SecurityInfoWatch.com, 11/6/2024

Axis Communications Opens First Southern Cone Technology Experience Center in Chile

Axis Communications celebrated the grand opening of its newest Axis Experience Center (AEC) in Santiago, Chile—the first AEC to be constructed within the southernmost part of South America, otherwise known as the Southern Cone.

The Chile AEC will serve industry professionals across five Latin American countries—Chile, Argentina, Uruguay, Paraguay, and Bolivia—benefiting key industries in the region, including critical infrastructure, mining, and smart cities. Within the experience center, local Axis partners and customers will be able to observe and gain hands-on experience with the latest Axis technology innovations across video, audio, analytics, and security controls.

As both the capital and largest city in Chile, Santiago is rapidly emerging as a hub for innovation within Latin America’s technological landscape. This growing market will only continue to expand with the addition of Axis’ newest AEC, which is sure to further stoke smart technology interest and adoption within the region and surrounding countries, in addition to providing accessible resources and critical on-the-ground support. The AEC will support both current and future Axis partners in the region, providing a convenient physical location where organizations can improve their knowledge and understanding of modern security solutions.

“The opening of our new Chile experience center is a monumental moment for Axis,” said Leopoldo Ruíz, Regional Director for Latin America at Axis Communications. “It demonstrates our steadfast commitment to providing our partners and customers across the globe with the highest quality products and services within both the security and broader technology spaces.”

In addition, Luis Mariano Vega, Area Sales Manager for South Cone, stated, “Thanks to our AECs in Latin America and beyond, we’re able to build deeper, more trusting relationships with local businesses, as these facilities offer an easy and accessible way to experiment with our technology and get answers to important questions. Our goal is to continue fostering trust with our partners and customers within the Southern Cone, and we are excited to see what this new chapter in the Axis story will bring.”

The new 3,659-square-foot AEC will provide an immersive, interactive, and user-friendly experience for local Axis partners and visitors. The facility will allow visitors to experience a wide range of unique capabilities and features, including:

  • Simulation scenarios where visitors can test out specific conditions based on different industry segments such as critical infrastructure, mining, and energy, as well as experiment with the latest Axis security solutions for each scenario.
  • Displays and demonstrations for AXIS Perimeter Defender, offering high-security perimeter surveillance and protection, and AXIS Object Analytics, which detects, classifies, tracks, and counts objects to provide actionable insights for more informed decision-making.
  • In addition to solutions from the Axis product line, offerings from Aidant Intelligent Technology, Araani, Genetec, ISS, Milestone, Camstreamer, and Vaxtor will also be on display and available for demonstration.

“Over the years, both companies have worked hand in hand, building an excellent relationship based on trust and collaboration in all areas,” said Cristián M. Barraza Navarro, Regional Sales Director for the Southern Cone at Genetec, an Axis partner. “This relationship will be further strengthened now that both companies will have the new Axis Experience Center in Santiago. It will be an incredible opportunity, as it will allow people to test and personally verify the features, advantages, and functionalities of AXIS products and solutions.”

“For Mercado Libre and at the Internal System Department, we are very pleased to have a local Axis Experience Center featuring the latest products and solutions,” added Daniel Hernández Gómez, Internal System Senior Analyst at Mercado Libre, an Axis customer. “It will undoubtedly be a great asset for the projects we are currently working on and serve as a support for future projects.”

“Axis has been a cornerstone in the initiative I launched to connect municipalities with video surveillance companies,” said César Figueroa, Senior Engineer of Telecommunications and Electronic Security Systems at the Santiago Metropolitan Regional Government, another Axis customer. “Now having an Axis Experience Center significantly enhances the ability of municipalities to explore, evaluate, and test its solutions. It’s an invaluable resource, which provides strong support for both current and future projects.”

Axis, along with Ted Wiklund, Sweden’s Ambassador to Chile, local partners, customers, and stakeholders, will celebrate the Chile AEC grand opening with a formal ribbon cutting on October 16 and 17. The event featured music, speeches, presentations, and tours of the new facility given by local Axis experts, in addition to special activities for attending media. The Chile AEC is located at Av. Vitacura 2827, oficina 801, Las Condes, Santiago de Chile. To schedule a time to tour the new Axis Experience Center or to learn more about the facility and its resources, please email Tamara Castro, our Office Services Coordinator in Santiago (tamara.castro@axis.com).

Stealth Monitoring Acquired by GardaWorld

Montreal-based GardaWorld said in a company statement that it has completed the acquisition of Stealth Monitoring.

The acquisition was first announced on Oct. 21; regulatory approvals and other customary closing conditions were satisfied on Oct. 31.

Building on the foundation of the GardaWorld ECAMSECURE mobile surveillance unit platform, the acquisition of Stealth Monitoring “will establish a global leader in AI-powered remote video monitoring solutions,” according to the company. GardaWorld says this acquisition will introduce proprietary technology and product expertise as well as unite the complementary strengths and technologies of both companies.

Stealth Monitoring has approximately 2,000 employees across 40+ offices and eight video monitoring centres. The company has U.S. headquarters in Dallas and Canadian headquarters in Toronto. Stealth merged with Toronto-based UCIT in 2016 and combined operations under the Stealth Monitoring name in 2018.

Guardian Security acquires Security Lock, Safe & Alarm

Guardian Security Systems has acquired Security Lock, Safe & Alarm. A Tacoma-based family-run business, Security Lock, Safe and Alarm is known for its dedication to personalized service and has been servicing the Greater Tacoma market since 1922. This acquisition strengthens Guardian’s presence in the South Sound market while preserving the local, customer-first approach that Security Lock, Safe & Alarm clients have valued over the years.

Vince Wingerter, representing Security Lock, Safe & Alarm, expressed his enthusiasm for the partnership: “Our clients have come to expect personal attention and high-quality service from us, and we are thrilled to partner with Guardian. This collaboration allows us to enhance our offerings while continuing to provide the same level of care and attention our customers deserve.”

“We love when we can help a family business transition to another family business as they are looking to exit. The Wingerter’s customers will be well taken care of out of our local Fircrest Office,” said Ainsley Close, President of Guardian Security.

Allied Universal Named to Newsweek List of America’s Greatest Workplaces for Veterans

TMA member Allied Universal®, a leading security and facility services company, has been named to the Newsweek list of America’s Greatest Workplaces for Veterans 2024/2025. Receiving the highest ranking of five out of five stars, the publication evaluated the company’s official programs for veterans, reviews and information from social media platforms.

“We have tens of thousands of veterans on our team around the globe. No longer on active duty, they continue their commitment to lifesaving, protecting and defending people and communities,” said Allied Universal Global Chairman and CEO Steve Jones. “We are honored to work alongside these amazing team members from all branches of the military. It’s with gratitude and pride that we thank each and every veteran working at Allied Universal.”

Allied Universal is committed to building a more diverse, equitable and inclusive workplace that fully supports its commitment to becoming an Employer of Choice, including providing rewarding career opportunities to veterans and those newly transitioning out of military service.

To read more, visit https://www.newsweek.com/rankings/americas-greatest-workplaces-veterans-2024-25.

Brinks Home Unveils Account Value Calculator for Selling Home Security, Alarm Accounts

Brinks Home recently launched its new Account Value Calculator (AVC), billed as an AI-enabled tool that provides home security business owners with a transparent and confidential method to value their alarm account portfolios in just days. The new tool facilitates both small and large transactions while enabling rapid access to liquidity, according to announcement.

AVC is also said to offer support for divesting additional assets with the purchase of alarm accounts, such as inventory and vehicles, ensuring a seamless onboarding process for customers transitioning to Brinks Home. The AVC marks the inaugural offering of the new Brinks Home B2B hub, Brinks Home Exchange (BHX), set to launch fully next year.

“The Account Value Calculator is just the beginning of an exciting journey for us and our current and future partners,” said William Niles, CEO of Brinks Home. “This tool provides immediate value by enabling partners to easily assess their portfolios and access liquidity. However, it’s also a foundational element of our long-term strategy to create a robust platform that will streamline operations, enhance collaboration and open new opportunities for growth.”

Featuring competitive, AI-generated pricing, the AVC simplifies the valuation process, reduces costs and minimizes manual touchpoints. The tool accelerates the traditional offer process from the industry standard of 15 days to as quickly as two business days. Brinks Home expertise spans various transactions, including purchasing individual accounts, large bulk acquisitions and business acquisitions, with customizable deal structures to meet diverse partner needs, according to the announcement.

Upon the seller receiving their valuation and choosing to proceed, Brinks Home will facilitate the process to acquire the seller’s customer accounts. In addition to facilitating transactions for individual accounts, Brinks Home is positioned to purchase entire books-of-business for companies looking to liquidate their enterprise. The dedicated Brinks Home team will collaborate closely with partners to develop customized purchase structures that align with both parties’ strategic goals.

“As we prepare for the full BHX platform launch in 2025, we are committed to developing a cutting-edge online platform that addresses the complexities of selling alarm accounts,” said Mike Hackett, senior vice president of enterprise business development at Brinks Home. “The AVC tool alleviates the stress associated with valuation and transaction processes, making it easier for our partners to achieve their goals.”

Guardian Protection Expands Central Florida Presence With Vortex Security Buy

Guardian Protection has acquired Vortex Security, based in Jupiter, Fla. Vortex has operated in Florida since 2013, professionally installing commercial and residential security systems.

The acquisition is said to increase Guardian Protection’s customer base primarily in its central Florida footprint.

Guardian Protection President Bryan Cipoletti commented, “This is another highlight in our continuing journey toward profitable expansion. Guardian is financially strong and eager to acquire like-minded companies. We plan to actively pursue acquisition opportunities that make sense for us.”

Vortex Security, which placed 79th in the 2024 SDM 100 rankings, is Guardian Protection’s third acquisition since 2021, when it acquired Rampart Security Systems in Pennsylvania. Guardian acquired Vintage Security of Maryland in 2023.

Vortex’s products and customer base parallel with Guardian’s business and the transition is expected to be seamless. Vortex customers will transition from Vortex’s third-party monitoring center to Guardian’s U.L.-certified, Five Diamond accredited monitoring facilities and in-house customer services.

Securitas Awarded 2024 National System Integrator of the Year by Axis Communications

Securitas Technology was recently awarded the 2024 National System Integrator of the Year by Axis Communications at its 19th annual Axis Connect and Converge Conference (ACCC) held in Nashville, TN. The company was recognized for its innovative solutions and dedication to meeting its clients’ needs.

“We are honored to receive this recognition from Axis Communications,” said Tony Byerly, Global President and CEO of Securitas Technology. “Our shared values and focus on innovation have allowed us to create exceptional solutions for our clients, helping them navigate complex security challenges while staying at the forefront in today’s dynamic environment. This award is a testament to our team’s dedication, the strength of our partnerships, and our ongoing commitment to help make your world a safer place.”

“Success is built on partnerships, and on behalf of Axis, it is my pleasure to congratulate Securitas Technology on being named the 2024 National System Integrator of the Year. Securitas Technology’s dedication to their clients and the exceptional work they do solving their challenges continues to amaze me,” said Larry Newman, Senior Director of Sales, Axis Communications, Inc. “We’re grateful for our incredible partners who continuously go above and beyond. Together we are making the world a smarter, safer place.”

Axis works with more than 90,000 partners across 179 countries at every stage. Axis’ partner network includes the Channel Partner Program, the Technology Integration Partner Program, the Architecture & Engineering Program, and the Axis Developer Community. For more information about Axis’ partner programs, visit www.axis.com/en-us/partner/programs.

Important Industry Update – New Threat of Verified Response

We are seeing a sudden uptick in public safety agencies considering or implementing verified response policies. Seattle, Washington recently implemented this policy with virtually no warning to its citizens or our industry. We know that other cities have also been considering these policies which are detrimental to our ability to protect and service our customers.

The Security Industry Alarm Coalition (SIAC) is working directly with local and state alarm associations to combat these efforts providing expertise and background information that has convinced hundreds of agencies to avoid verified response in favor of the model alarm ordinance that reduces false alarms and continues police response to alarms.

SIAC also continues to work directly with the International Association of Chiefs of Police and the National Sheriff’s Association to promote the model alarm ordinance and best practices in alarm management.

The cost of fighting verified response on a local level can cost thousands of dollars in legal fees, lobbying costs and time investment. SIAC’s dual role of promoting the model alarm ordinance and helping communities oppose verified response is more important than ever.

SIAC needs your financial support to continue this vital mission.

Donate to SIAC:

  • By paypal: https://www.paypal.com/donate
  • By check: Go to https://siacinc.org/donate/ for more details on donating by check