CENTURY CITY, Calif.—CapitalSource will still be a source of lending for the security industry after it merges with PacWest Bancorp in a $2.3 billion deal early next year. In fact, CapitalSource’s managing director Will Schmidt says he expects the security team to grow in the next few months.
LOS ANGELES—DTT Surveillance, a manufacturer and integrator of video surveillance solutions, is opening a new corporate office in Las Vegas, plans to hire 500 new employees and is breaking into two new vertical markets.
MADISON, Wis.—Capital Fire & Security, an integrator based here, has built out a new mesh network in this market and it’s expecting the adoption to accelerate as it launches a campaign to let current and new customers know about this new offering.
AUSTIN, Texas—The drive for open standards in the access control market continues to trail a similar push in video surveillance, potentially limiting growth, but global access-control revenues are still expected to rise from $2.1 billion in 2011 to $2.3 billion by the end of 2013, according to a new report by IMS Research.
CHIGAGO—Systems integrator SDI is now a $55 million business after the acquisition, announced this week, of i-sys, a $15 million systems integrator that specializes in integrated security, environmental and fire safety solutions.
LAS VEGAS—Security-Net, a national integrator made up of 20 independent integrators, believes the need for high-level certification for its employees “has never been greater,” Bill Savage told Security Systems News.
HOLLYWOOD, Fla.—A pair of thieves attempting a heist at Koosh Jewelers here found themselves headed to jail instead after a Sonitrol audio detection alarm system heard them, barred them from entering and alerted authorities, according to a news release.