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Protection One pushing forward

SSN Staff  - 
05/01/2004

After the sale, it’s business as usual for alarm company

TOPEKA, Kan. - Industry watchers have been involved in heavy speculation regarding Protection One’s Chapter 11 status, especially after Standard & Poor’s Ratings Services recently lowered the company’s credit rating to CCC-.

Aegis relocates as home Theater demand rises

SSN Staff  - 
04/01/2004

LEESBURG, Va. - With business growth shifting to home theater systems, Aegis Technologies has moved its home base here to accommodate the addition of an audio and video showroom.

ADT’s dealer contract the focus of lawsuit

 - 
04/01/2004

DENVER - Another lawsuit has been filed against ADT Security Systems charging that the company breached its contract with authorized dealers. The nationwide class-action lawsuit was filed on behalf of Advantek Pro, a former ADT authorized dealer.

ADS set to focus on growth

 - 
04/01/2004

NASHVILLE, Tenn. - In a move designed to transfer more manpower on acquisitions, ADS Security has restructured its upper management team with the promotion of Ed Pedersen to senior vice president of branch operations.

BBB revokes Stealth Alarm’s membership

SSN Staff  - 
04/01/2004

CALGARY, Alberta - Stealth Alarms, a security company here, has had its membership revoked by the Better Business Bureau because of complaints.

One customer said she wasn’t being protected at all.

Briefs

SSN Staff  - 
04/01/2004

AlarmForce pre-tax earnings up
TORONTO - AlarmForce Industries, a manufacturer and installer of home alarm systems, has announced its pre-tax earnings rose 49 percent in 2003 versus 2002.

Joel Matlin, president and chief executive officer of the Toronto-based company, attributed the positive numbers to record-breaking growth and profit levels in 2003 along with an increased customer base.

Pro One sale final

 - 
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

 - 
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.

Tyco may soon sell Sonitrol

Changes also in the works at ADT to improve overall profitability
 - 
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.

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Poll

SSN News Poll May 2015

It seems that another cloud-based security product or service comes out every day. Do you believe, as 3xLOGIC’s Matt Kushner said, “[Integrators] who continue to offer conventional access and video are going to be adding to a shrinking market. The new, growing market is cloud-based managed services.”? Is 2015 the year that cloud will finally have its security industry day in the sun?

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