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Commercial and Systems Integrators

CapitalSource to merge with PacWest Bancorp in $2.3b deal

Schmidt: Security group will be impacted ‘in a positive way’
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07/24/2013

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.

DTT opening new office, plans to hire 500

Video surveillance provider to break into convenience store and small-box retail market
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07/24/2013

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.

Capital Fire & Security invests in mesh

Madison integrator building out network
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07/16/2013

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.

Open standards lag, but access control to grow to $2.3 billion in 2013

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07/10/2013

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.

Security Specialists expands

Connecticut integrator opens second office
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07/02/2013

STAMFORD, Conn.—With revenues up 28 percent over last year, Security Specialists, a systems integrator based here, has opened a second office in Hartford, Connecticut.

SDI is $55m business after purchase

Acquisition of i-sys brings fire and other complementary capabilities
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06/19/2013

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.

Security-Net focuses on high-level certification

National integrator has $375 million in revenue
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06/17/2013

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.

Sonitrol audio alarm foils would-be jewelry thieves

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06/07/2013

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.

Diebold names Andy Mattes new CEO

Mattes takes over for Thomas Swidarski, who left following poor earnings reports
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06/06/2013

NORTH CANTON, Ohio—Diebold Inc., the parent company of systems integration company Diebold, today named Andy W. Mattes as its new president, CEO and board member.

IFSS services revenue soars after business restructure

CEO Rob Hile says construction margins are in the mid-20s, services margins are between 40 and 70 percent
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06/06/2013

FORT MYERS, Fla.—After restructuring Integrated Fire and Security Systems to “go after services business,” CEO Rob Hile said the company increased its services “by $155,000 or a total of 16 percent of our revenue, just by really focusing on it.”

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Poll

SSN News Poll October 2014

More and more connected products in homes and businesses increasingly provide central stations with new revenue and service opportunities to monitor those devices. But some say that to do that, centrals need to change and become more like data centers. Do you agree? Tell us what you think the central station of the future will look like.

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