Archive: August 2004
Assa Abloy sheds Folger Adam Security Detention business
August 26, 2004Jeffrey Sanders
August 26, 2004
NEW HAVEN, Conn. - Assa Abloy has announced the sale of its Folger Adam Security Detention division to Phelps-Tointon. The deal does not affect its Folger Adam Electric Door Controls unit.
“We came to the conclusion that the detention company wasn’t like the rest of our business,†said Marna Wilber, director of corporate communications and public relations. “It made sense to sell it off and continue in our focus.â€Â
The...
Viisage announces new product suite, launches first component
August 26, 2004SSN Staff
August 26, 2004
BILLERICA, Mass. - Identity verification firm Viisage has launched Viisage Proof, the first component of a new product suite just announced by the company.
Viisage Proof is designed to enable quick and accurate confirmation of a person’s identify prior to issuance of an identification credential. The product links with internal and external databases to perform background checks on a person.
The Viisage Identity Solutions Suite is comprised of software and hardware products...
Fargo named one of America’s fastest growing companies
August 26, 2004SSN Staff
August 26, 2004
EDEN PRAIRIE, Minn. - Card printer manufacturer Fargo Electronics has been named one of America’s fastest growing companies by Fortune Small Business Magazine. The company ranked 61 out of 100 small businesses in the United States, and it was one of 10 technology companies to make the list.
In order to be considered, companies must be publicly listed, trade at more than $1 per share and report annual revenues of less than $200 million. Eligible businesses were judged on earnings,...
Protection One mentions possibility of a bankruptcy filing again
August 26, 2004SSN Staff
August 26, 2004
TOPEKA, Kan. - Protection One’s recent quarterly report filing once again mentioned that the company’s restructuring plan may include filing for Chapter 11.
In the company’s Aug.16 report, the company declared that it continues to face liquidity problems caused by the company’s debt and continuing net losses. Whether the company plans to file for bankruptcy protection is in the hands of its financial advisors, Houlihan Lokey Howard & Zukin Capital, who...
Staples Center calls on Henry Bros. for CCTV maintenance
August 26, 2004SSN Staff
August 26, 2004
SADDLE BROOK, N.J. - Diversified Security Solutions has announced that its Henry Bros. Electronics division will provide service and maintenance to CCTV security systems at the Staples Center, home to the NBA basketball team, the Los Angeles Lakers and NHL hockey team, the Los Angeles Kings.
Henry Bros. was chosen by AEG Facilities, the owner of the Los Angeles sports and entertainment arena. Lee Zeidman, senior vice president of AEG, said in a prepared statement that the security...
Home Director adds integrators to Sears Connected Home
August 26, 2004Rhianna Daniels
August 26, 2004
LIVERMORE, Calif. - Home Director, a home networking system manufacturer and supplier, has added two integrators to the Sears Connected Home program, bringing the current number to 13.
But the company has plans to add to that number since the program - a home integration partnership rolled out in late 2003 between the two companies in which Home Director provides the infrastructure - has shown increased interest.
“We are going to add a lot more integrators,â€Â...
Eagle Broadband wins $1.6-million contract
August 19, 2004SSN Staff
August 19, 2004
LEAGUE CITY, Texas – Eagle Broadband has won a $1.6-million contract for the design and installation of a remote video surveillance system at undisclosed government-owned, multi-family housing facilities in the U.S.
Overall, the system that will be implemented will provide security for more than 2,000 units. The contract includes hundreds of video cameras, audio speakers and digital video recorders.
Eagle expects to complete the project during the fourth quarter of this year....
InVision, GE deal hits another roadblock
August 19, 2004SSN Staff
August 19, 2004
NEWARK, Calif. - General Electric’s plans to buy explosive detection company InVision Technologies could be in jeopardy of closing soon with the announcement that regulators may launch a probe into improper payments at the company.
A possible Securities and Exchange Commission investigation may not be completed until the end of October, further delaying the deal and dashing GE’s hopes to close on the $900 million transaction in July.
InVision recently revealed that...
The Seminole Tribe of Florida rolls the dice with North American Video
August 19, 2004SSN Staff
August 19, 2004
BRICK, N.J. - Systems integrator North American Video said it installed a digital video surveillance system at the Seminole Hard Rock Hotel & Casino Hollywood.
Located on 100 acres at the Seminole Hollywood Reservation in Florida, the installation includes the Pelco 9760 Series Matrix Switcher that controls 500 Pelco cameras. In addition, the company installed an enterprise digital recording system from Verint Video Solutions and the Sapphire access control security and alarm systems...
Diebold buys systems integrator Antar-Com
August 19, 2004Chelsie Woods
August 19, 2004
NORTH CANTON, Ohio - Diebold Inc. continues with its steady acquisition pace in the electronic security marketing, buying a systems integrator late last week, one of several deals the company has completed in recent months.
On Aug. 13, Diebold bought Antar-Com, a White Plains, N.Y.-based systems integrator with $27 million in revenues in 2003 and 100 employees. The company is known for designing and installing enterprise-level security systems.
For Diebold, this transaction represents...