Archive: December 2006
ASG acquires Accutech Systems
December 28, 2006Martha Entwistle
BELTSVILLE, Md.--Making good on his autumn prediction that ASG Security would be at $2.5 million in RMR by year's end, ASG chief executive Joe Nuccio on Dec. 26 announced the acquisition of integrator Accutech Systems of Rockville, Md.
"Our plan to grow the organization and leverage our current facilities and infrastructure in the Washington-Baltimore market came together with this acquisition," Nuccio said. ASG is a major super-regional security company with operations in the Mid-Atlantic region...
Ron Lakey named COO, president of security at Devcon
December 28, 2006SSN Staff
BOCA RATON, Fla.--Devcon International, a publicly traded regional electronic security services provider, construction company, and materials distributor, announced this week the appointment of Ron Lakey as chief operating officer. Lakey will also serve as president of Devcon Security Services, the company's security division.
Lakey's handling of the day-to-day operations, according to a release, with allow chief executive officer Stephen Ruzika to focus on the strategic direction of the company,...
DMP signs on for CP-01 compliance
December 28, 2006SSN Staff
SPRINGFIELD, Mo.--Digital Monitoring Products announced on Dec. 21 that all panels in their burglary control line-up meet ANSI/SIA CP-01 False Alarm Reduction Standards.
"In our continued effort to work with SIAC and other false-alarm
associations, we have determined that all DMP burglary panels should comply with ANSI/SIA CP-01 standards," said Melissa Pitfield, director of marketing and communications for DMP.
The standard covers event recognition, information handling sequences and provisions...
Pro One to merge with IASG
December 28, 2006SSN Staff
LAWRENCE, Kan., and ALBANY, N.Y.--In a move that will make Protection One the dominant player in the wholesale monitoring business, Protection One and Integrated Alarm Services Group announced a merger on Dec. 20.
The combined company will be called Protection One and will be led by Richard Ginsburg, Protection One's president and chief executive officer.
Calling it a "transforming event" for Protection One, Ginsburg said he expects the merger to improve operating margins and accelerate cash flow...
I.D. Systems' RFID system tracks two more Walgreens facilities
December 28, 2006SSN Staff
HACKENSACK, N.J.--I.D. Systems, a provider of RFID-based wireless asset tracking and management solutions, today announced that it has received purchase orders from Walgreens to deploy I.D. Systems' Wireless Asset Net industrial fleet management system. Asset Net will be utilized on fleets servicing the nation's largest drug store chain's distribution centers in South Carolina and Illinois, bringing the grand total to seven facilities for which Walgreens has contracted I.D. Systems to provide tracking...
Paramount Alarm's Foster to lead Dallas County
December 28, 2006L. Samuel Pfeifle
DALLAS--Jim Foster, chief executive officer of Paramount Alarm, a residential and commercial alarm company, has been elected Dallas County judge and will take office Jan. 2. The office presides over the Commissioners Court and is regarded as the most powerful office in Dallas County, Texas's second-largest county and one of the largest in the United States.
The Dallas Morning News reported that Foster, a Democrat, entered the race relatively late, and that his victory over incumbent Margaret Keliher...
Integrian acquires Signal Innovations Group, adds video analytics
December 21, 2006SSN Staff
RESEARCH TRIANGLE PARK, N.C.--Integrian, a mobile digital video company based here, announced on Dec. 11 the purchase of Signal Innovations Group, for an undisclosed sum. SIG, a two-year-old software start-up that develops video analytic technologies, will maintain its offices in Durham. All 22 employees will join Integrian.
The purchase will enable Integrian's digital recorders, used on public transportation systems and in police cruisers throughout the country, to capture images and then sound...
National Guardian acquires Eagle Security, of St. Louis
December 21, 2006SSN Staff
NORWALK, Conn.--National Guardian, a growing integrator looking expand its national accounts business, announced this week the acquisition of Eagle Security, based in St. Louis. Terms of the deal were not announced, but Eagle brings 1,600 accounts of its own, and another 6,000 accounts it monitors on a third-party basis.
This marks the fifth acquisition National Guardian has made this year, as it goes about diversifying its geographic presence. In January of 2006, National acquired Corporate Security...
MMI tells Brink's to sell
December 21, 2006Martha Entwistle
NEW YORK, N.Y.--Another hedge fund has urged The Brink's Company to consider putting itself up for sale.
Saying the company is "chronically undervalued," MMI Investments, a hedge fund run by Clay Lifflander here that owns about 8.3 percent of Brink's stock, in a Dec. 18 SEC filing urged the company to undergo a "strategic alternative review."
This move echoes, in some ways, repeated demands in the past several months from activist hedge fund Pirate Capital--which also owns about 8 percent of Brink's...
Vector announces three buys
December 21, 2006L. Samuel Pfeifle
PLYMOUTH MEETING, Pa.--Vector Security, poised to become the largest privately owned commercial/residential alarm company with the pending sale of HSM to Stanley Works, announced this week the completion of three acquisitions. The largest of the three comprises two companies, Security Concepts and National Alarm, based in Harrisonburg and Charlottesville, Va., respectively, and both owned by Ron Smullen, who will join Vector going forward.
Vector also purchased Custom Security, of Columbus, Ohio,...