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Voxcom marks Q3 with higher revenues, EBIDTA

SSN Staff  - 
02/01/2004

EDMONTON, Alberta - Full-service security company Voxcom ended its third quarter with increasing financial metrics in higher recurring revenues and EBIDTA, for the period ending Nov. 30, 2003.

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

 - 
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
 - 
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.

Protectron heads West with another acquisition

Company targets three major markets in Canada for expansion
 - 
02/01/2004

MONTREAL - National installation firm Protectron made inroads in one of its target urban markets in December when it acquired a 20-year-old alarm company to add to its base of accounts in British Columbia.

With the purchase of Valley Alarms and its 4,000 accounts, Protectron grew its subscriber base in the greater Vancouver market to more than 10,000 accounts, part of a strategic plan to boost the company’s market share in Vancouver and two other metropolitan markets in Canada - Toronto and Ottawa.

Briefs

SSN Staff  - 
02/01/2004

RS&I, SAFE partner for program

IDAHO FALLS, Idaho - RS&I, a distribution company that offers affinity programs in vertical markets, has renewed its partnership with SAFE Financial, based in San Ramon, Calif., to launch a new phase of the Alliance program.

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.

Venerable appliance retailer enters home controls market

Sears, Home Director launch authorized integrator program
 - 
01/01/2004

HOFFMAN ESTATES, Ill. - One of the most trusted sellers of home appliances is making inroads in the home integration market through a partnership with a home controls system manufacturer and an authorized integrator program that already stretches across the United States.

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.

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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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