Archive: October 2003
Sweetwater makes largest purchase yet
October 30, 2003Andrea Gura
October 30, 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. Apex also added a central station, located in Glenwood...
Silent Witness takeover bid mailed to shareholders
October 30, 2003SSN Staff
October 30, 2003
SURREY, British Columbia - This week Honeywell mailed its offer to purchase Silent Witness to the camera manufacturer’s shareholders, with the offer to remain open until a Dec. 3 deadline unless withdrawn or extended.
The mailing comes two weeks after Honeywell announced plans to buy Silent Witness. The company has offered to pay $11.72 Canadian per share, or $87 million Canadian, with shareholders required to tender 90 percent of Silent Witness’ common shares for...
Aurora Tri-State to lease water tower space, provide monitoring to village
October 30, 2003Derek Rice
October 30, 2003
NORTH AURORA, Ill. - As part of a deal to lease space on top of a village water tower here for its monitoring antenna, Aurora Tri-State Protection will provide a number of benefits to the village.
The company will install fire and burglar alarms at a number of public buildings, including public works buildings, the village hall and the fire station. Aurora Tri-State will also install alarms at the new North Aurora Fire Protection District Training Center, the police garage and...
Hackett offers video monitoring, archiving services
October 30, 2003SSN Staff
October 30, 2003
ST. LOUIS - Hackett Security has launched a new digital video monitoring and archiving service, along with a national dealer network.
The company said the new offerings are designed to round out and add depth to its current product and service mix.
Another benefit, according to company President Michael Hackett, is the ability to tie a customer’s alarm in to live video images in its central station, which will help the company meet alarm verification standards...
Ingersoll-Rand’s four business units report revenue increases
October 23, 2003SSN Staff
October 23, 2003
HAMILTON, Bermuda - Ingersoll-Rand’s Security and Safety Sector saw its third quarter revenues increase by six percent to $417.4 million, with all four of the company’s different sectors reporting an increase in revenues.
Overall Ingersoll-Rand reported earnings of $154.6 million for the third quarter, a 73 percent increase when compared to earnings of $89.3 million for the third quarter of 2002.
The reason for the growth, said Herbert Henkel, chairman, president...
OSE signs on new members
October 23, 2003SSN Staff
October 23, 2003
WASHINGTON - The Open Security Exchange, a group that plans to define best practices and promote vendor neutral specifications for the integration of security devices, welcomed several new members to the group.
Along with founding members HID Corp., Computer Associates, Gemplus and Tyco’s Software House, recent additions include VistaScape, ActivCard, Core Street, Fargo and Siemens SBT.
The new members were announced at the National Summit on Security Show, along with...
The Protection Bureau tapped as a member of SecurityNet
October 23, 2003SSN Staff
October 23, 2003
EXTON, Pa. - SecurityNet, a network of independently owned systems integrators who look to one another to share best practices and help serve large customers who have offices across the country, announced it has added The Protection Bureau as its sixteenth member.
The addition comes as SecurityNet looks to fill key markets not currently served by existing members. It also follows the hiring of an executive director to run and grow the organization.
J. Matthew Ladd, president and...
NBFAA’s AAA program is no more
October 23, 2003Derek Rice
October 23, 2003
WASHINGTON - At its annual meeting held here during the National Summit on Security show in early October, the National Burglar & Fire Alarm Association voted to discontinue its Affiliated Alarm Association program effective Dec. 31, 2004.
According to NBFAA Executive Director Merlin Guilbeau, the board made the decision after analyzing whether the AAA program had met the goals set forth when it was created a few years ago. Guilbeau said the AAA distinction was added to help states...
Honeywell eyes another camera company buy, Silent Witness
October 16, 2003Chelsie Woods
October 16, 2003
SYOSSET, N.Y. - The surveillance market seems to be key for Honeywell International, which announced this week that it plans to buy Canadian camera manufacturer Silent Witness for approximately $87 million Canadian.
If approved by shareholders, the deal would mark Honeywell’s third acquisition in the surveillance market and its largest acquisition in the security market for some time. The company bought Ultrak CCTV for $36 million late last year, while it acquired...
Franchise biz grows in security industry
October 16, 2003Andrea Gura
October 16, 2003
BUFFALO, N.Y. - The owner of a traditional security company has branched into franchising his company name and is now set to move into three additional states with the company's offering.
Ken Jezioro, founder and president of Shield Security Systems based here, began the Shield Security System franchise offering nearly three years ago. Now, with a total of eight different franchise operations in six different states, the company is poised to move into Illinois, California and...