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Vivint grows its infrastructure along with its business

The home automation/home security company now has 7,000 employees, and has doubled size of its headquarters, and opened two other Utah facilities and one in Washington state
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09/04/2013

PROVO, Utah—Vivint expanded this summer into a new 100,000-square-foot building on its campus here, which about doubles the space it occupies in Provo.

SAFE Security gets new CFO and COO

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09/03/2013

SAN RAMON, Calif.—SAFE Security has announced a pair of management changes.

Sentry Security acquires Stand Guard Security

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08/30/2013

WHEELING, Ill.—Sentry Security, based here, has acquired Stand Guard Security, of Crystal Lake, Ill., according to the Davis Mergers and Acquisition Group, which assisted in the transaction.

American Alarm’s backyard buy adds density

The company bolts on a Worcester, Mass. company, enhancing service; it also grows revenue by 15 percent, RMR by 14 percent
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08/28/2013

ARLINGTON, Mass.—American Alarm and Communications is having a banner year: The company has acquired a bolt-on in its backyard that adds density and boosts the company’s service capabilities, and it ended its fiscal year with revenues that exceeded expectations.

ADS buys Security Services

The super-regional plans a larger purchase in a new market this fall
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08/21/2013

NASHVILLE, Tenn.—Forging ahead with its planned acquisition strategy, ADS Security has acquired Savannah, Ga.-based Security Services, its second fold-in this year.

ADS buys in Savannah

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08/15/2013

NASHVILLE, Tenn.—ADS Security has acquired the customer accounts of Georgia-based Security Services, Inc.

Fired AlarmForce CEO fighting his ouster

Joel Matlin, who founded the company, says he has a legal strategy to remove board members who forced him out
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08/07/2013

TORONTO—The recently ousted CEO of AlarmForce Industries, one of Canada’s largest security companies, said he’s planning a legal strategy designed to replace the board members who fired him.

Florida company succeeds with unique business model

Just one branch of Crime Prevention Security Systems is a Guardian dealer while the company’s main office operates independently
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07/31/2013

GAINESVILLE, Fla.—Founded by a microbiologist and a special education teacher, Crime Prevention Security Systems wasn’t your typical security company when it began 38 years ago and it still stands out from others today.

Latest change for Devcon welcomed

Devcon CEO Steve Hafen says ADT’s plan to buy the company is 'great news'
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07/31/2013

HOLLYWOOD, Fla.— Devcon Security has undergone dramatic changes in the past few years: a rapid expansion, then an even faster downsizing and also a management shake-up. Now, an even bigger change—ADT’s announcement today that it has signed a deal to acquire Devcon for $148.5 million—is a welcome one, Devcon CEO Steve Hafen told Security Systems News.

ADT to acquire Devcon Security for $148 million

ADT looking for more acquisitions
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07/31/2013

BOCA RATON, Fla.—The ADT Corp. announced this morning that it plans to acquire Devcon Security from Golden Gate Capital for $148.5 million. The deal—ADT’s first major acquisition since spinning off from Tyco International last fall—brings 117,000 accounts and $3.6 million of RMR. The transaction is expected to close in early August, Naren Gursahaney, ADT CEO, said during an investor call today.

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Poll

SSN News Poll January 2015

John Loud of LOUD Security spoke at Honeywell’s recent Connect2014 event for its dealers about the need for an appropriate company culture that builds engagement and productivity and adds a “fun factor” to the workplace. How does your company handle its culture? Tell us what you think.

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