Securitas eyes systems integration expansion
STOCKHOLM - The head of Securitas expects it will take 10 to 15 years to transform the company's U.S. operations to focus more on large, integrated systems.
Thomas Berglund, chief executive officer of Securitas, told the Financial Times that the company's U.S. operations, which include Pinkerton and Burns, are profitable with sales growth of 12 percent. But that figure is expected to drop once the federal government takes over security at airports.
The company currently has 10 to 15 percent of the market share in the guard business globally, compared with only two percent in systems integration work.
Integrated Alarm to raise $25 million in funds
ALBANY, N.Y. - Integrated Alarm Services is raising $25 million through a three year, 12 percent promissory note financing to provide the company with working capital.
Already, the company has raised $10 million from 177 accredited investors, according to an SEC filing. Numerous phone calls to company officials were not returned by press time.
McGinn, Smith & Co. is acting as the placement agent in the deal and expected to earn approximately $1 million in sales commission.
North American secures Harley Davidson
BRICK, N.J. - North American Video recently completed a surveillance system overhaul at Harley Davidson's motorcycle and apparel showroom in Las Vegas.
The enhanced system includes Pelco color dome cameras, 24-hour recorders, multiplexers and a matrix switching system that can be monitored by security personnel and management at the same time.
The Las Vegas Harley Davidson showroom is the largest Harley dealership in the world.