DETROIT - A year after eight local monitoring centers and two national central stations took a pledge to reform the top 5 percent of alarm abusers, false alarms in the city dropped 31 percent during the first five months of this year.
The dramatic reduction is thanks to the efforts of the Burglar & Fire Alarm Association of Michigan that drafted the Michigan Alarm Industry Pledge last fall, through its Detroit False Alarm Reduction committee.
MONTREAL - In an unlikely marriage of companies, remote access provider C-Chip Technologies signed a letter of intent to acquire Unique Security for $1.3 million in an acquisition that provides C-Chip immediate access to the alarm companyÃ¢â‚¬â„¢s monitoring base and standing within the emerging market of automatic vehicle location.
CHICAGO - When GTCR Golder Rauner came onto the security scene three years ago to finance James CovertÃ¢â‚¬â„¢s new security business, few in the industry predicted the quick turnaround of that business or the $1 billion price tag that it fetched.
In a matter of months, GTCR and Covert took the SecurityLink alarm business and several other companies it bought and sold to Tyco International for five times the original purchase price.
CSAA to hold seminar later this year
VIENNA, Va. - The Central Station Alarm Association, a trade association representing providers of central station monitoring, will sponsor an operations management seminar in October.