NEW YORK - According to a company executive, Tyco InternationalÃ¢â‚¬â„¢s Fire & Security division may soon shed its Sonitrol alarm monitoring unit.
Tyco Fire & Security President Dave Robinson made the announcement on Wednesday during a conference call at TycoÃ¢â‚¬â„¢s investor meeting here.
Bresina to head Eagle BroadbandÃ¢â‚¬â„¢s security division
LEAGUE CITY, Texas - Eagle Broadband has hired industry veteran Don Bresina as general manager of security and financial services. In this newly created position, Bresina will be responsible for leading EagleÃ¢â‚¬â„¢s security division, the companyÃ¢â‚¬â„¢s strategic business investment and mergers and acquisitions activities, as well as assisting EagleÃ¢â‚¬â„¢s broadband customers with their financing needs.
TOPEKA, Kan. - The long saga of the sale of Protection One ended in mid-February, when former parent company Westar Energy finalized its sale to New York-based investment firm Quadrangle Group LLC. Quadrangle paid Westar $122 million for Protection One, which comprises more than 2,300 employees and more than a million commercial and residential customers, and all of its debt. Westar acquired the company in 1997 for $320 million. For Richard Ginsburg, president and chief executive officer of Protection One, after 14 months of rumors about the company's future, the completion of the sale is a relief.
WINCHESTER, Va. - While working for an electrical contracting company that installed security and fire alarms on the side, husband and wife Barry and Kathleen Horton witnessed the Ã¢â‚¬Å“tremendous growth potentialÃ¢â‚¬Â in security first hand.
DALLAS - Security industry lender Financial Security Services said in late 2003 that it had partnered with a major bank for new lending opportunities for the security industry and appointed a new president and chief executive officer.
Through its new, long-term banking relationship with Bank One, FSS will be able to continue to provide Ã¢â‚¬Å“line of credit and term loan financing to independent alarm dealers,Ã¢â‚¬Â said Jeffrey Peiper, FSSÃ¢â‚¬â„¢s new president and chief executive officer.