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Tyco garners new $2.5 billion in funding

SSN Staff  - 
01/01/2004

PEMBROKE, Bermuda - Tyco International Inc. announced in late December that it had completed negotiations of new bank credit facilities totaling $2.

Netracon wins subdivision

SSN Staff  - 
01/01/2004

DALLAS - A company that began as a network consulting firm is now the integrator for Lone Star Ranch, a development of 10,000 single-family homes in Frisco, Texas.

Network Traffic Controllers, which was just selected as a Sears Connected Home integrator (see related story), has already implemented structured wiring for 600 homes in the program, which will take 10 years.

Honeywell bundles new home offering

Security to be part of ‘three-legged stool’ of sales tool to builders
 - 
01/01/2004

SYOSSET, N.Y.

Protection One credit rating downgraded

 - 
01/01/2004

TOPEKA, Kan. - Protection One’s credit rating has been downgraded by Standard & Poor’s Rating Services, an implication that the up-for-sale alarm company may need to restructure its debt or file for bankruptcy after it finds a buyer.

Briefs

SSN Staff  - 
01/01/2004

AlarmForce secures financing

TORONTO - Residential and commercial alarm company AlarmForce Industries announced in early December it had closed a previously announced bought deal financing led by Acumen Capital Finance Partners Limited to issue 1,000,000 common shares on a private placement basis. The price was $2.

Briefs

SSN Staff  - 
12/01/2003

Home integrator elected to CEA board

ARLINGTON, Va. - The president of a home integration company heavy into security has been elected to the Consumer Electronics Association’s Executive Board, the first time a non-manufacturer has joined the board.

Security firm expands through Mass.

Security Team’s emphasis is reaching clients in one hour
 - 
12/01/2003

BYFIELD, Mass. - With a recent acquisition and a new location opening up in an adjoining state, a local security firm here is well on its way to its goal of blanketing Massachusetts with its services.

ADT spared chopping block in restructuring

Security company considered “core” to Tyco’s Fire & Security division portfolio
 - 
12/01/2003

BOCA RATON, Fla. - The flagship brand in the residential security market was apparently spared the chopping block in the latest round of cuts at parent Tyco International, but ADT Security Services could still see changes in its geographic and financial makeup as a result.

Sweetwater makes largest purchase yet

 - 
12/01/2003

HOUSTON - A security holding company growing with acquisitions has made its fourth and largest purchase to date, picking up Apex Security in Glenwood Springs, Colo.

The acquisition gives Sweetwater Security Capital five locations in Colorado and 4,500 residential and small commercial accounts, boosting the company’s overall account base to about 7,000 accounts, according to Donald Bresina-Hawkins, chairman of Sweetwater.

Westar posts loss on Pro One

SSN Staff  - 
12/01/2003

EDMONTON, Alberta - Home and business security provider Voxcom in late October reported slightly higher EBITDA and monthly monitoring revenues for the quarter ending Aug. 31, 2003.

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