Paragon Security

What Paragon Security does

Paragon Security & Locksmith is a New York-based security systems integrator and locksmith service provider operating across the NYC metro area and parts of New Jersey. Established in 1996 and headquartered in Greenwich Village, the company serves residential homeowners and renters, property managers, real estate developers, and commercial and institutional customers across industries including hospitality, retail, healthcare, education, government, and construction. Coverage spans all five NYC boroughs (Manhattan, Brooklyn, Queens, The Bronx, Staten Island) plus New Jersey municipalities including Hoboken, Jersey City, Union City, and Weehawken. The firm is privately held, licensed (License #: 1395130) and insured, with a headcount of 11-50 employees.

The company's core offering is an integrated security portfolio combining locksmith services (lock repair, replacement, key duplication, emergency lockout response, master key systems) with security systems (access control, surveillance cameras, intercom systems, burglar alarms, and 24/7 monitoring). Rather than manufacturing proprietary hardware, Paragon operates as a systems integrator, deploying and servicing third-party products from a 70+ brand partnership ecosystem that includes Latch, Brivo, ButterflyMX, Dormakaba, Yale, Schlage, Honeywell, Hikvision, Eagle Eye Networks, 2N, iLOQ, Comelit, Avigilon Alta, Swiftlane, Carson, ABB, Mul-T-Lock, and Adams Rite. The technology stack emphasizes interoperability, with particular depth in smart lock integration (Bluetooth/NFC, mobile access, cloud-based management) and in domain-specific compliance for NYC, including FDNY-compliant window gates, child window guard laws, and landmark building requirements. Construction-site live monitoring with off-site 24/7 surveillance and direct law enforcement dispatch has been added as a recurring service vertical.

Paragon's revenue model blends one-time hardware sales and installation labor, professional service fees (emergency lockout, repair, rekeying), and recurring managed services (24/7 alarm monitoring with smoke, carbon monoxide, and temperature sensor coverage). Pricing is quote-based and not publicly disclosed; the firm offers free estimates and site surveys to support acquisition. Go-to-market is enterprise field sales with 24/7 phone availability, online scheduling, and on-site consultations. Notable customers include Tiffany & Co., the Hotel McAlpin (700-unit Latch M retrofit), Fort George New Development, Brilla Pax School, SPEAR Physical Therapy, Maple Plaza, Brooklyn Heights residential buildings, and an Upper West Side apartment complex, distributed across multiple industries and project types.

Name

Paragon Security

Legal name

Paragon Security & Locksmith

Website

https://paragonsecurityny.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Paragon Security & Locksmith is a NYC metro security systems integrator and locksmith service provider serving residential, commercial, and institutional customers across the five boroughs and parts of New Jersey since 1996. The firm deploys and services 70+ third-party access, video, intercom, and smart lock brands rather than manufacturing proprietary hardware.

Ownership category

akta.pro rank

Product category

Security Services

NAICS

Locksmiths (561622), Security Systems Services (except Locksmiths) (561621)

SIC

Metal Doors, Sash, Frames, Moldings & Trim (3442), Auto Controls For Regulating Residential & Comml Environments (3822)

akta.pro primary industry

Key Management, Duplication & Locksmith Services (HSAHAEAD)

akta.pro secondary industries

Fire Alarm & Life Safety Systems Integration (BPAKAGAF), Architectural Hardware & Door Controls (Hinges, Locks, Closers, Panic Devices) (IMADAIAI), Gate Automation, Access Control & Operator Repair (HSAIAJAD)

Keywords

• Locksmith services
• Security systems integration
• Access control installation
• Commercial security solutions
• Residential security systems

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Security System Products: Sale and installation of security hardware including smart locks, access control systems, surveillance cameras, intercom systems, alarm systems, safes, doors, window gates, and iron work. One-time product revenue from equipment sales and installation labor.
2. Locksmith Services: Service revenue from lock repair, replacement, rekeying, emergency lockout response, key duplication, and lockout services for residential and commercial properties.
3. 24/7 Monitoring Services: Ongoing alarm systems monitoring services providing around-the-clock surveillance and emergency response capabilities for residential and commercial customers.
4. Alarm Monitoring: 24/7 alarm monitoring services including smoke detection, carbon monoxide detection, and temperature sensor monitoring with professional response coordination.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Paragon Security & Locksmith installs and integrates physical security hardware and electronic security systems for residential and commercial properties across NYC and New Jersey. Core offerings include locksmith services (lock repair, replacement, rekeying, key duplication, emergency lockout), security systems (access control, surveillance cameras, intercom systems, burglar alarms), and 24/7 alarm monitoring. The company also supplies and installs doors, safes, window gates, iron work, mailboxes, and structured network wiring, supported by a 24/7 emergency service model and free estimates.

Product overview

Paragon Security & Locksmith is a New York-based security systems integrator and locksmith service provider serving the NYC metro area and New Jersey since 1996. The company operates as a single integrated offering combining locksmith services with comprehensive security system installation and maintenance. Their core service portfolio includes locksmith services (lock repair, replacement, key duplication, emergency lockout response) and security systems (access control, surveillance cameras, intercoms, burglar alarms). These services are delivered through multiple specialized modules covering doors, safes, window gates, iron work, mailboxes, keyless entry, and structured wiring. The company primarily installs and integrates third-party security hardware brands including Latch, Brivo, ButterflyMX, Dormakaba, Eagle Eye, 2N, and Yale rather than manufacturing proprietary security products. Services are offered to both residential and commercial customers across property management, hospitality, retail, government, and construction industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Locksmith Services Professional locksmith services including lock repair, lock replacement, key duplication, master key systems, high-security lock installation, and lockout services for residential and commercial properties across NYC and New Jersey.
• Security Systems Integration Comprehensive security system solutions including access control, burglar alarms, security cameras, intercom systems, and alarm monitoring for commercial and residential properties. Paragon designs, installs, and integrates third-party security hardware across multiple platforms.
• Access Control Systems Electronic access control solutions including key fob systems, biometric access, face recognition, and gate access systems for controlling building entry across residential and commercial properties.
• Security Cameras and Surveillance Video surveillance systems including IP cameras, analog cameras, cloud-based systems, DVR, NVR, all-weather cameras, and security camera repair services for residential, commercial, and construction site applications.
• Intercom Systems Building communication systems including audio intercoms, video intercoms, IP intercoms, telephone intercoms, and gate intercom systems from multiple partner brands.
• Burglar Alarms Intrusion detection systems including door alarms, window alarms, wireless alarms, and 24/7 alarm systems monitoring services for residential and commercial properties.
• 24/7 Alarm Monitoring Services Around-the-clock alarm monitoring service for residential and commercial properties, including smoke detection, carbon monoxide detection, temperature sensor monitoring, and professional emergency response coordination.
• 24-Hour Emergency Lockout Services Emergency lockout response services available 24/7 for residential, commercial, and automotive lockouts across NYC boroughs and New Jersey.
• Live Monitored Construction Site Surveillance 24/7 off-site live monitoring for construction sites featuring real-time threat detection, immediate verbal warnings to intruders, and direct communication with law enforcement for new construction and renovation projects.
• Door Products and Installation Complete door solutions including door repair, high-security doors, fireproof doors, iron doors, aluminum doors, sliding glass doors, door hardware, door operators, and architectural hardware for residential and commercial properties.
• Safe Sales, Installation, and Repair Safe sales, installation, and repair services including electronic safes, commercial safes, drop safes, hotel safes, firearm safes, fireproof safes, and safe lockout services for residential and commercial customers.
• Keyless Entry Door Locks and Smart Locks Smart lock solutions including keyless entry systems, electronic locks, and integration with access control platforms (Latch M, Dormakaba Saffire, Yale, Baldwin, iLOQ) for key-free building access at residential and commercial properties.

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

19 partnerships are on record, tiered core.

• AmazoncoreTechnology or Integration · 1 November 2020Paragon partnered with Amazon to provide free package management solutions for NYC residential buildings, integrating Amazon's delivery technology with building security systems.
• LatchcoreTechnology or IntegrationPreferred integration partner for Latch smart access systems. Paragon has completed numerous Latch M installations in NYC residential buildings, including the Hotel McAlpin retrofit with 700 units.
• ButterflyMXcoreTechnology or IntegrationCertified installer of ButterflyMX video intercom systems, completing installations and upgrades in Brooklyn Heights and other NYC residential buildings.
• BrivocoreTechnology or IntegrationAuthorized Brivo access control partner providing cloud-based access control solutions for residential and commercial properties.
• DormakabacoreTechnology or IntegrationPartner for Dormakaba Saffire keyless locks and other access hardware including dormakaba floor door closers and exit devices.
• YalecoreTechnology or IntegrationPartner for Yale smart locks including Alexa-integrated products for voice-controlled access.
• SchlagecoreTechnology or IntegrationPartner for Schlage locks, electrified lock bodies, and access control hardware including key fob systems.
• ComelitcoreTechnology or IntegrationAwarded Top Integrator of 2023 by Comelit. Partner for Comelit intercom and access control systems.
• HikvisioncoreTechnology or IntegrationPartner for Hikvision security cameras used in construction monitoring and building surveillance installations.
• HoneywellcoreTechnology or IntegrationPartner for Honeywell wireless smoke detectors, carbon monoxide detectors, and alarm system components.
• Mul-T-LockcoreTechnology or IntegrationPartner for Mul-T-Lock high-security locks and key systems, including partnership with Carson for smart access integration.
• Adams RitecoreTechnology or IntegrationPartner for Adams Rite mortise deadbolts, hook bolts, and exit devices for commercial door applications.
• Avigilon AltacoreTechnology or IntegrationPartner for Avigilon Alta access control systems including installation at residential buildings.
• Eagle Eye NetworkscoreTechnology or IntegrationPartner for Eagle Eye cloud-based video surveillance systems used in integrated security installations.
• 2NcoreTechnology or IntegrationPartner for 2N IP intercom systems including LTE Verso models and Verso IP intercoms.
• CarsoncoreTechnology or IntegrationPartner for Carson smart intercom and access solutions with integration capabilities with ButterflyMX and other platforms.
• iLOQcoreTechnology or IntegrationPartner for iLOQ keyless locks eliminating physical keys through digital access management.
• ABBcoreTechnology or IntegrationPartner for ABB intercom systems bringing modern access solutions to NYC buildings.
• SwiftlanecoreTechnology or IntegrationPartner for Swiftlane intercom systems providing video intercom and access control solutions.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Others

• Latch: Smart access platform for multifamily buildings (e.g., Latch M deployed at Hotel McAlpin). Functions as both partner and partial competitor as Latch expands its direct installer/owner relationships.
• ButterflyMX: Smart video intercom platform installed by Paragon across NYC residential buildings. Partner and adjacent competitor in the multifamily access-control space.
• Brivo: Cloud-based access control platform whose hardware Paragon installs. Acts both as a key partner and adjacent business — competes for direct-to-customer access control relationships while enabling Paragon's integration revenue.
• Eagle Eye Networks: Cloud-based video surveillance platform used by Paragon in integrated installations. Functions as a technology partner while also enabling direct-to-customer camera deployments.

Broad incumbents

• Securitas: Global security services and solutions provider covering electronic security, guarding, and monitoring. Broad incumbent that competes for large commercial integrated security contracts across NYC.
• Vivint: National smart home and security systems provider with monitoring services. Comparable in offering integrated smart lock, camera, and alarm packages to residential customers, but at much larger scale.
• SimpliSafe: DIY-focused home security and monitoring provider. Competes for residential monitoring wallet share that Paragon also targets with its 24/7 alarm monitoring offering.
• ADT: Largest national residential and commercial security systems provider, offering monitored alarm, access control, and surveillance. Overlaps with Paragon's electronic security and 24/7 monitoring services but operates at national scale rather than NYC-focused niche.

Direct peers

• Pop-A-Lock: National locksmith franchise offering residential, commercial, and emergency lockout services. Directly comparable to Paragon's locksmith service line and emergency response model, with broader geographic footprint but less specialization in integrated security systems.
• 1-800-Unlocks: Multi-location locksmith and security services franchise serving the NYC metro and other major U.S. cities. Direct peer in emergency locksmith and commercial door hardware services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/ParagonLocks
• Facebookfacebook.com/paragonny
• LinkedInlinkedin.com/company/paragon-security-and-locksmith

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paragon Security