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Tyco may soon sell Sonitrol

Changes also in the works at ADT to improve overall profitability
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03/01/2004

NEW YORK - According to a company executive, Tyco International’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 Tyco’s investor meeting here.

Briefs

SSN Staff  - 
03/01/2004

Bresina to head Eagle Broadband’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 Eagle’s security division, the company’s strategic business investment and mergers and acquisitions activities, as well as assisting Eagle’s broadband customers with their financing needs.

Fire destroys A-Plus Alarm building

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03/01/2004

HINESVILLE, Ga. - Fire investigators here have continued to probe the cause of a fire that ripped through a local alarm company’s office.

Interface acquires CSSI

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03/01/2004

EARTH CITY, Mo. - Interface Security Systems LLC has completed the acquisition of Control Security Systems Inc.

Lack of licensing opens door to fraud in Colorado

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03/01/2004

DENVER - A former Parker, Colo., resident has been

indicted under a state grand jury for defrauding several area businesses and individuals of more than $100,000 in cash in connection with his failure to install security systems.

Pro One sale final

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03/01/2004

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.

Couple sees an opportunity, start own alarm company

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03/01/2004

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 “tremendous growth potential” in security first hand.

FSS gets new chief, funding

SSN Staff  - 
02/01/2004

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 “line of credit and term loan financing to independent alarm dealers,” said Jeffrey Peiper, FSS’s new president and chief executive officer.

Sweetwater marches on with purchase

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02/01/2004

STAFFORD, Texas - Sweetwater Security Capital’s acquisition of approximately 1,500 monitoring accounts from DSS Security, a subsidiary of Eagle Broadband, late last year marked the fifth such deal for the firm in 14 months.

The acquisition of the accounts, which were purchased for an undisclosed amount of cash, puts Sweetwater closer to its objective of building a national security company.

Growing senior market draws ADT

Companion Services offering to serve our aging population
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02/01/2004

BOCA RATON, Fla. - With more than 35 million Americans already over the age of 65 - and much of the baby boomer generation due to hit that benchmark in 2010 - ADT’s personal emergency response business is signing a host of new partnerships and is tweaking its direct to the end-user sales approach.

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Poll

SSN News Poll October 2014

More and more connected products in homes and businesses increasingly provide central stations with new revenue and service opportunities to monitor those devices. But some say that to do that, centrals need to change and become more like data centers. Do you agree? Tell us what you think the central station of the future will look like.

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