Archive: September 2005
King Rogers takes security knowledge to board
September 29, 2005SSN Staff
IRVINE, Calif.--King Rogers, chief executive officer of King Rogers International, a consulting group for retail loss prevention and supply chain security, was named to the Westec InterActive board of directors in September.
Gerald T. Vento, chairman and chief executive officer at Westec, noted King's expertise in assets protection technology solutions is an advantage to the Westec board.
Roger's firm helps companies in minimize production losses, such as cargo theft and product diversion and counterfeit...
Revised marketing strategy ups Napco earnings
September 29, 2005SSN Staff
AMITYVILLE, N.Y.--Napco Security System's top executive credited a revised marketing strategy for its fire and intrusion system as one of the reasons for an increase in revenues, net income and earnings-per-share for fiscal year 2005.
The company invested $5 million in research and development to create products for the residential, commercial, industrial and government markets, according to Richard Soloway, chairman and president.
Napco began to distribute its products exclusively through independent...
Convergence - physical security and IT spending bursts over the next five years
September 29, 2005SSN Staff
CHICAGO--Convergence--bridging the gap between physical security and IT--is a hot topic in the physical security space. It is so hot that 4A International, a research and consulting firm with a focus on convergence, predicts revenues in the convergence market will exceed $22 billion within five years, as revealed in a report on Security Convergence Spending: Opening the door for IT, this month.
The report predicts that by 2007 this budding enterprise, the physical security and IT convergence market,...
Diebold restructures, ATM biz takes the brunt
September 29, 2005Chelsie Woods
NORTH CANTON, Ohio--A corporate restructuring at Diebold Inc. that came after the company cut its third quarter earning expectations should have little impact on the company's security operations, one of its most successful business units.
The change comes aftercenters around replacing Eric Evans, the company's president and chief operating officer, with Walden O'Dell, the company's chairman and chief executive officer. O'Dell is now responsible for the company's global operations.
"The security...
Sonitrol's selective acquisitions continue
September 29, 2005Martha Entwistle
BERWYN, Penn.--Sonitrol's selective acquisition of franchises continued with the purchase of two major-market dealerships, one in Kansas City and the other in Denver.
The acquisitions, completed in September with terms not disclosed, are now among six franchises acquired by Sonitrol in the last nine months.
Todd Leggett, senior vice president of the audio verification security company, said the company is not interested in owning all or even most of its franchises. Instead, the recent acquisitions...
Integrator, guard company sees up-tick in business due to Hurricane
September 29, 2005SSN Staff
HOUSTON--While Hurricane Katrina put a dent in business for some security companies in the Gulf Coast, Safeguard Security Holdings is reaping the benefits.
The newly formed holding company, which bought Dallas-based systems integrator and security guard firm Systemsgroup in mid-July, expects quarterly revenues to increase by $1 million due to additional business from its existing customer base.
The company released few details. It has not disclosed where the additional business will come from, and...
Former Tyco President gets jail time
September 22, 2005SSN Staff
NEW YORK--Former Tyco President Dennis Kozlowski's five month trial ended on Sept. 19 with a sentence of eight- to 25 years in prison, a $70 million fine and joint restitution for Kozlowski and his chief deputy Michael Swartz of $134 million.
Kozlowski and Swartz have been remanded and are in jail. They have asked the appellate court for bail while they await the results of an appeal.
Kozlowski's legacy at Tyco includes overseeing the conglomerate's expansion into the security business including...
Firm offers a hand
September 22, 2005Jeffrey Sanders
WILLIAMSTOWN, N.J.--Hoping to assist businesses gain traction after the destruction of Hurricane Katrina, COPS Monitoring will not charge for monitoring for at least three months for any accounts located in federally declared disaster areas.
The offer is available to any dealer that already works with COPS, regardless if they are located in Louisiana or Missouri, according to Mike Maloney, vice president of finance and administrative at the third party central station.
This is "for accounts in the...
Red Hawk continues to cruise
September 22, 2005SSN Staff
GREENWOOD VILLAGE, Colo.--The acquisitions just keep coming for Red Hawk Industries, the systems integrator that has bought more than a dozen companies since its inception six years ago.
Its latest deal was the purchase of FiSource Inc., a systems integrator with branches in Colorado, New Mexico and Arizona. Few details were released about the September transaction, except that Red Hawk bought 100 percent of the stock of FiSource.
According to David Charles, chief executive officer of Red Hawk, the...
Installers think efficiency as fuel costs skyrocket
September 22, 2005Martha Entwistle
UNION, N.J.--Security companies that do installations and service calls are coming up with creative ways to deal with rising fuel costs--including changing to more fuel efficient fleet vehicles and installing GPS systems to map out better service routes.
It's been a hot topic for many months, but interest in conservation intensified with the dramatic fuel price increase that followed Hurricane Katrina, industry officials say.
"How to recover the added cost of fuel was something people were talking...