STOCKHOLM, Sweden--In a move hailed by stock analysts, Swedish security firm Securitas AB has announced plans to spin-off three independent companies, with separate boards, management and stock listings: Securitas Systems, focusing on systems integration in Europe and North America; Securitas Direct, an alarm company serving the European market; and Loomis Cash Handling, which operates in Europe and North America.
An excited Securitas Systems chief operating officer Marty Guay said the move made sense because "we have sufficient maturity in our management team and business controls that we're prepared to stand alone--and the market agrees with us.
NEW YORK--Domestic and international risk-management services provider GlobalOptions Group announced in February an agreement to acquire SafirRosetti, a security, investigative and intelligence firm, for $13 million in cash and stock and the assumption of certain liabilities.
This follows close on the heels of GlobalOptions' buy of James Lee Witt Associates, an emergency management firm.
HAMILTON, Bermuda--As a company with more than 100 years of history, Ingersoll Rand has a brand that is recognizable and trusted. Now, the company will attempt to better trade on that brand in the security space, focusing around Ingersoll Rand Security Technologies as its integration face and Schlage as its hardware face to the market.
WASHINGTON--GE and Siemens aren't the only ones searching for a way to enhance shipping security (see related story, page 1). In June of last year, the Department of Homeland Security awarded five grants for private companies to research and design a "Secure Carton System," which would track the openings and closings of the cartons inside the containers.
NORWALK, Conn.--National Guardian, a systems integrator focusing on the multi-location commercial market, announced in January two acquisitions completed in December of last year, which will increase its revenues an estimated 30 to 35 percent.
CANTON, Mass.--Robert McMenimon, president of MAC Systems, has been named the new president of SecurityNet, a collection of integrators with 22 members doing $300 million in business each year and employing 1,200.
Some companies this year have discussed the benefit of moving from operating their own central stations to partnering with a third party monitoring center, including RFI Communications, Red Hawk Fire & Security and Comtronics. Will more companies switch to using wholesale centrals?