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Checkpoint sells CheckView; Richmond honored for ASAP

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Wednesday, March 27, 2013

Checkpoint Systems, a global supplier of loss-prevention products and solutions for the retail industry, announced earlier this month that it was negotiating the sale of its CheckView integration and monitoring business. On Monday, the buyer was ID’d: Platinum Equity, a California-based private equity firm, which will make the deal for $5.4 million.

In a blog Tuesday, Seeking Alpha analyst Brenon Daly called the deal “one of the more financially lopsided divestitures we've seen in some time. ... The electronic security unit generated roughly $77 million of revenue in 2012, although it did run slightly in the red.”

The transaction includes CheckView’s CSAA Five Diamond-certified central station in Chanhassen, Minn. CheckView also sells digital video cameras and monitors to combat retail crime, along with fire and intrusion alarm systems for that vertical.

In a prepared statement, Checkpoint said its board of directors had determined that CheckView could better serve its customers as an independent, entrepreneurial and more focused organization. George Babich, who was named Checkpoint’s CEO and president on March 4, said that Platinum Equity has “a strong track record helping companies reach their full potential. … We are committed to support CheckView throughout the sale process to ensure an orderly transition with full continuity of service to customers.”

“CheckView will act as a platform acquisition and allow us to focus on the core business while pursuing organic-growth initiatives and strategic add-ons in a highly fragmented space,” said Platinum Equity principal Jason Leach.

On March 5, Checkpoint reported a fourth-quarter loss of $35.4 million, or 86 cents per share. That compares with a loss of $19.1 million, or 47 cents per share, a year earlier. The company’s shares closed at $13.43 on Tuesday on the New York Stock Exchange.

ASAP honors for Richmond: Computerworld, which bills itself as “the leading source of technology news and information for IT influencers,” recently gave a nod to Richmond, Va., for a tech program that’s been making headlines in the alarm world: the Automated Secure Alarm Protocol.

Richmond’s participation in ASAP earned the city a 2013 Computerworld Honors Laureate, an award that recognizes “visionary applications of information technology promoting positive social, economic and educational change.” Richmond was one of three public safety answering points that served as charter municipalities for the program; six were participating by the end of 2012.

“Receiving Computerworld’s Honors Laureate acknowledges the outstanding achievement and advancement of our city’s Department of Information Technology and 911 staff in providing excellent service to Richmond’s residents,” Mayor Dwight Jones said in a prepared statement. “The benefits of the Automated Secure Alarm Protocol program are tremendous as it reduces 911 processing times, reduces response times by first responders, and provides an extremely accurate data exchange between the alarm monitoring companies and [PSAPs].”

Videofied makes ‘mainstream’ move

Company looks to expand indoor video verification with distribution deal
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03/26/2013

VADNAIS HEIGHTS, Minn.—Videofied has made what President Keith Jentoft calls “a big move” to bring indoor video verification into the mainstream, partnering with an independent distributor for the first time to expand the company’s reach in the United States and Canada.

Fire Sprinkler Incentive Act: Still pending after all these years

First proposed in 2003, Congress has yet to pass the measure, even though it has broad support
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03/25/2013

QUINCY, Mass.—The National Fallen Firefighters Foundation recently launched an online letter campaign in support of the Fire Sprinkler Incentive Act, which is expected to come before Congress again in 2013, 10 years after it was first proposed.

Industry veteran Don Trask dies at 75

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Friday, March 22, 2013

Sad news out of Texas: Don Trask, former vice president of operations for Online Alarm Quotes, died last week in Dallas at age 75.

“Don was one of the very first employees of Monitronics and helped build their central station,” Tom Fowler, president of Online Alarm Quotes, told SSN. “A very good soul. He was one of the nicest people I ever encountered in any walk of life. Please make mention of his passing and keep his family in your prayers.”

Trask was the executive vice president and CEO of Trask Enterprises, doing business as New West Security in Duncanville, Texas. Before his employment at Online Alarm Quotes and Monitronics, he worked for Southland Corp., the Arthur Trask Corp. and 3M Corp., according to his profile on LinkedIn.

Trask was born and raised in the Chicago area and attended the Kellogg School of Management at Northwestern University. He is survived by his wife, Elizabeth Sheri Trask; daughters Nancy and Elizabeth; stepson Corey, and his grandchildren.

“Don was the kind of friend that renewed faith in people,” Fowler said. “He was there for you without asking and without question.”

A2 Systems launches in Mass.

Industry vets open new firm
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03/22/2013

BURLINGTON, Mass.—A2 Systems, a new systems integration firm located here and founded by industry veterans Pat Connors and Matt Leonard, has completed its first job for an energy company and is now delving into two more jobs—one in the pharmaceutical vertical and one in retail.

What you should have on your calendar: 7:30 a.m., April 10, 2013

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Wednesday, March 20, 2013

As you’re putting your ISC West calendar together, make sure that you have The Security 5K on your list. Now in its fourth year, the race (and 2K walk) will take place on Thursday, April 11 at 7:30 a.m. The start line is within easy walking distance to the Venetian. Click here for the link to sign up.

Security Systems News and Security Director News founded this event with Mission 500 four years ago. We’re proud to be involved and pleased that the list of generous manufacturer sponsors is getting longer.

Whether you walk, run or show up to cheer your industry colleagues along, The Security 5K is a fun way to start your second day of ISC West.

You and your colleagues can sign up as a team or individually online or at ISC West on Wednesday. We had more than 400 runners and walkers last year and expect even more this year.

However, the most important way you can participate is by sponsoring a runner or walker. All of the proceeds go to benefit Mission 500, a wonderful organization that literally saves children’s lives. It provides basic necessities, food, clothing and housing for some of the neediest children in the world. Last year we raised $90,000, making a real difference in children’s lives. Your participation matters. See you there.

 

Floor space filling up fast at ESX

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Wednesday, March 20, 2013

ESX is one of the fastest-growing trade shows in the country, a distinction that hasn’t been lost on the industry’s top monitoring and integration companies. The expo floor is already more than 70 percent sold for this year’s event, which will be moving down the street from Nashville’s Convention Center the new Music City Center.

More than 140 exhibitors were on board as of Monday, including 30 companies that weren’t on the floor last year. Among the new participants from the monitoring world are Criticom Monitoring Services (CMS), Metrodial and SAFE Security.

Some of the busiest real estate at ESX 2013 is likely to be found at the NexTech Zone, where exhibitors focused on home automation, energy management, IT and interactive services will display the latest products and services. With Time Warner, ADT and other big players increasingly moving into this space, it’s probably a good idea for central stations to stay ahead of the curve (or at least not fall behind it).

There also will be 10 educational sessions at ESX focusing on central station operations and technology. Topics range from how to find and retain quality operators (and customers) to the monitoring world beyond PERS, with some of the top names in the industry leading the discussions. To find out more about what ESX has to offer—pencil in June 17-21 if you haven't already—or to register, click here.

Maine school district moves quickly to upgrade security

SURV, a Securadyne Systems company, installs comprehensive system
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03/19/2013

CUMBERLAND, Maine—The Newtown school shooting in December stunned the country and prompted school districts nationwide to reassess security. In this Maine town, the school district was able to move quickly to install a new comprehensive security system.

‘Train the Trainer’ adds recertification program

Central station instructors certified before 2010 will have access to latest SIA revisions
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03/15/2013

YARMOUTH, Maine—Technology at central stations advanced rapidly in the decade between revisions to SIA-APCO’s “Train the Trainer” course, which was updated in 2000 and again in 2011. For instructors certified under the older version, keeping pace has required extra work as more of their monitoring protocols have become outdated.

Avigilon locates ‘global sales HQ in U.S.’

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Wednesday, March 13, 2013

Vancouver-based Avigilon, manufacturer of megapixel cameras and other video surveillance products, is opening a U.S. headquarters in Dallas, the company announced this morning.
 
This location will also be the “global headquarters for sales.” Employees will include sales, business development and customer support.  The company plans to “add additional customer support personnel over the next year.”  

Bryan Schmode, executive vice president of global sales, will run the office.

Avigilon became a public company in the fall of 2011and has reported impressive growth and ambitious revenue goals since.  Some management changes were announced in October of 2012.

In a statement, Alexander Fernandes, president and CEO at Avigilon, noted that the “U.S. market accounts for a healthy percentage of our revenue.” Notable installations include: Minnesota Twins' Target Field, the Hard Rock Casino and Hotel in Albuquerque and the Dallas Love Field Airport.

"We chose Dallas because it is a business-friendly city. With access to an incredible talent pool and quality infrastructure it's no wonder several major corporations call this city home,” Fernandez said in a prepared statement.

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