I’m in Dallas at the ESA Leadership Conference and ESI Forum.
If you’re at the event, check out the educational session I’m moderating today. It’s called "What the Arrival of New Industry Entrants Means for your Business"
The panelists are Joe Nuccio, CEO of ASG Security, and John Loud, president of Loud Security. We’ll be talking about the cable and telco companies that are playing in security now.
There are seven at last count, and they’re not all taking the same approach. We’re going to take a look at who the new entrants are, analyze their offerings and approach, and talk about what traditional security companies should keep in mind as the competitive landscape shifts.
BELTSVILLE, Md.—By wrapping up the year with two major acquisitions that add $615,000 in RMR, opening two new branch offices, and having a plan in place for “significant sales force expansion,” ASG Security CEO Joe Nuccio said the company is ready for “explosive growth in 2012.”
CHARLOTTE, N.C.—Two new groups recently formed by the Electronic Security Association —one for sales and marketing professionals and another for installation and service professionals—will hold their inaugural meetings next week at the Electronic Security Expo (ESX), to be held here June 6-10.
The groups, which will meet on June 8, have attracted more than 250 members so far, according to organizers. The strong response shows that the industry has a need for both the ISP (installation service professionals) group and the SMP (sales and marketing professionals) group, according to the chairmen of the groups.
ATLANTA—Goldman Sachs doesn’t have a security investment group, but three members of its seven-year-old Specialty Lending Group—managing director David Miller, director Greg Watts and VP Chris Semple—specialize in the security space.
BELTSVILLE, Md.—ASG Security closed Jan 28 on a new $230 million line of credit. Lead by ASG’s longtime banking partner, CapitalSource, this round also includes a new participant, Goldman Sachs.
Also participating in the round are previous investors: Bank of America, Citizens Bank, Madison Capital and PrivateBank.