Archive: February 2010
Pivot3 lands another $25 million?
February 26, 2010Martha Entwistle
I'm not seeing it anywhere else, but a web site called Texas TechPlus has a blurb that says Pivot3 has raised another $25 million.
Here's what you get without paying (which I didn't do):
Spring, Texas-based Pivot3, a developer of data storage products based on the iSCSI protocol, has raised $25M as part of an ongoing, $30M funding round, according to a regulatory filing by the firm Thursday. No details on the funding have been announced. Pivot3 has previously raised capital from Interwest Partners,...
Give back, get back
February 26, 2010L. Samuel Pfeifle
TYLER, Texas—Here in east Texas, some 11 churches have been victims of arson in the past year. This week, police arrested Jason Robert Bourque, 19, and Daniel George McAllister, 21, and charged them with setting fire to Dover Baptist Church, based in nearby Winona, and there is a hope they are behind many of the other fires and that this spate of arsons will abate.
A few local churches were already feeling some comfort, however, thanks to Advanced Communication Services, which has developed...
Platinum Tools names Todd Cota VP of sales
February 26, 2010SSN Staff
MOORPARK, Calif.—Platinum Tools, a provider of solutions for the preparation, installation and hand termination of wire and cable, on Feb. 24 announced it had named industry veteran Todd Cota as vice president of sales. In this role, Cota will help grow sales within current channels and develop new markets for distribution.
An industry vet with more than 20 years of experience, Cota was previously VP of sales for Valor Enterprise, owner and sales rep for Tap Marketing, director of sales for...
Sielox to deregister
February 26, 2010Martha Entwistle
Yet another small public company has decided it's not worth the hassle to be public.
Today, Sielox has announced its intentions to deregister. The access control manufacturer that merged with video maker Costar in 2007 has been listed on the OTC Bulletin Board, but has grown tired of the costs of being public, and has fewer than 300 shareholders, and so can apply to deregister.
And while those costs of being public hurt, it didn't help that the company isn't exactly turning a profit:
As disclosed...
IQinVision appoints industry veteran David Clark as VP of operations
February 26, 2010SSN Staff
SAN JUAN CAPISTRANO, Calif. and LANCASTER, Pa.—IQinVision, a provider of high-performance HD megapixel network cameras, smart IP cameras, and network video recording systems, on Feb. 24 announced David Clark has been appointed VP of operations.
Clark will be responsible for all manufacturing, supply chain management, and quality control aspects of IQinVision's fast growing HD Megapixel product line. With over 25 years experience in high technology industries, Clark most recently served as...
Liberty Security Systems co-founder dead at 56
February 26, 2010Martha Entwistle
KNOXVILLE, Tenn.—Robert Kelly, 56, co-founder of Liberty Security Systems here, died Wednesday, Feb. 24, the company announced in a press release. Kelly founded the company with his brother, Charles Kelly, in 1986.
Roy Gallaher, president of the Tennessee Burglar & Fire Alarm Association, said while he didn't know Kelly personally, he'd spoken to several association members who knew him well. “People I've spoken to said he was always friendly, had a great attitude, enjoyed life and always...
License plate recognition to be regulated in Maine
February 25, 2010L. Samuel Pfeifle
AUGUSTA, Maine—The Maine Legislature's Joint Transportation Committee has moved forward a bill this week that would set statewide policy for the use of license plate recognition technology. As part of LD 1561, “An Act to Regulate the Use of Traffic Surveillance Cameras,” LPR data would have to be purged after 21 days, unless actively being used in the investigation of a crime, and only law enforcement, Department of Transportation, and toll booth entities would be allowed to employ...
March Networks announces appointment of new Board members
February 25, 2010SSN Staff
OTTAWA, Canada––March Networks, a global provider of intelligent IP video solutions, on Feb. 24 announced the appointment of Andy Canham and John Slamecka to its board of directors.
Slamecka is VP of Global Access Management for AT&T Inc. Appointed in August 2007, Slamecka is responsible for all the carrier management functions in support of procuring local access for AT&T MPLS services.
Canham is senior VP North America Hardware Sales for Oracle Corporation. Appointed in January 2010, Canham...
UTC raises $2.25 billion to fund GE acquisition
February 25, 2010L. Samuel Pfeifle
HARTFORD, Conn.—United Technologies has sold $2.25 billion in debt in order to raise money for its announced acquisition of GE Security. Bill Polk, managing director at investment bank CapitalSource, said the terms of the deal—$1.25 billion of 10-year notes priced to yield 87 basis points over comparable U.S. Treasuries and $1.0 billion of 30-year bonds priced to yield 109 basis points more than U.S. Treasuries—are “extraordinarily cheap capital against what a typical buyout...
APX ramps up non-door-to-door sales efforts
February 25, 2010Martha Entwistle
PROVO, Utah—APX Alarm wants to increase the number of accounts it generates through inside sales this year and it's taken several steps to help achieve that goal.
APX has contracted with a call center in Wisconsin to both sell accounts and “generate interest and leads that can be turned over to our inbound group,” said Josh Houser, APX Alarm VP of service and inside sales.
APX has also increased its Internet advertising and, “We've just gotten into the mailer business,”...