Archive: June 2006
Verint granted 90-day extension from NASDAQ, downplays Comverse review
June 29, 2006L. Samuel Pfeifle
MELVILLE, N.Y.--Video analytic software maker Verint Systems held a conference call with investors last week to discuss first quarter results, but remains unable to file first quarter results with the Securities and Exchange Commission, due to parent company Comverse's ongoing internal investigation into options practices. This filing delay led NASDAQ, where Verint is traded, to issue a letter to the company alerting it of non-compliance with NASDAQ rules and possible delisting. However, Verint on...
NBFAA to offer new residential installation training
June 29, 2006SSN Staff
IRVING, Texas--The National Burglar & Fire Alarm Association yesterday announced that it will provide new courses for security installers who would like to expand their businesses by offering the installation of home audio, theater and networking.
The courses will be offered by the NBFAA's National Training School as the result of a new partnership between NBFAA and Bedrock Learning, a company that provides comprehensive training solutions for residential technology professionals.
NTS, which offers...
C.O.P.S. Monitoring buys Central One from Devcon
June 29, 2006SSN Staff
WILLIAMSTOWN, N.J.--C.O.P.S. Monitoring acquired Central One, of Boca Raton, Fla., from Devcon International, on Friday, June 23, for $5 million in cash. The buy positions the wholesale monitoring company to create yet another regional presence, in what it considers a strategic area of the Southeast market.
After shedding the wholesale monitoring business, Devcon will concentrate solely on retail installations and monitoring.
Don Maden, executive vice president of C.O.P.S. said, "not only was [Central...
DICE teams up with Cellularm for radio backup
June 29, 2006SSN Staff
BAY CITY, Mich. - DICE Corp. has partnered with Cellularm of Topanga, Calif., to provide central stations a backup communications solution.
This summer, DICE clients can incorporate long-range radio or Alarm over IP service to backup alarm signals using Cellularm’s secure network product, MeshWorks.
Through the radio or Alarm over IP backup system, alarm signals communicate directly to a secure DICE *eLink server located at the central station.
For a DICE subscriber, integrating...
Bosch to acquire Telex Communications
June 29, 2006L. Samuel Pfeifle
FAIRPORT, N.Y.--The Bosch Group announced yesterday plans to acquire Minneapolis-based Telex Communications for an aggregate purchase price of $420 million, including assumption of debt. Telex, a manufacturer and supplier of professional audio, wireless, life safety and communications equipment, will be assigned to the Bosch Security Systems division, which last year generated sales of approximately $1.25 billion.
Telex, home to brands such as ElectroVoice, Dynacord, Midas, Klark Teknik, Telex, and...
Vector rolls out web-enabled product to dealer base
June 29, 2006Martha Entwistle
PITTSBURG--With their rallying cry, "it's more than just an alarm," Vector Security last week announced the roll out of its myvectorsecurity.com product to its authorized dealers nationwide and the piloting of the product among its Washington-area builders.
Myvectorsecurity.com, which was officially launched at Vector's 44 branch locations in September 2005 (see story in Security Systems News October 2005 issue), is a wireless web-enabled interactive alarm management service for residential and commercial...
Security Networks goes to Atlanta with A-Alarm
June 22, 2006Martha Entwistle
WEST PALM BEACH, Fla.--Full-service security company Security Networks on June 22 announced a partnership with A-Alarm of Atlanta, as part of Security Networks' Affiliate Program, a dealer program launched in October of last year.
Gary Franklyn, vice president of business development for Security Networks said, with this particular deal, Security Networks will have an "ongoing purchase agreement going forward that they are going to sell us accounts."
As part of the affiliate program, A-Alarm, a residential...
Founders leave IASG board, seek a buy back
June 22, 2006SSN Staff
ALBANY, N.Y.--Founders of Integrated Alarm Services Group Tim McGinn and Tom Few will attempt to purchase the publicly traded company after stepping down from the board of directors June 15.
The shareholder group collectively owns 10.49 percent of IASG and filed a joint filing and solicitations agreement to solicit proxies for the approval of its proposals to capitalize shareholder value through an acquisition, according to a filing with the U.S. Securities and Exchange Commission last week.
Former...
Fargo opens D.C. office, lands new DoD order
June 22, 2006L. Samuel Pfeifle
ALEXANDRIA, Va.--Card identity systems manufacturer Fargo Electronics, which made news last month when HID Global agreed to acquire the company, opened its first satellite office here last month, just 15 minutes outside of Washington, D.C. John Santisteban, who came on as director of government solutions in January, will head the new location, looking to better serve Fargo's current government customers and to expand those customer opportunities for Fargo and its reseller business partners.
Santisteban...
The Sunshine State will be brighter for centrals thanks to ECV law
June 22, 2006SSN Staff
TALLAHASSEE, Fla.--Beginning July 1, Florida will be the first state in the United States to implement an enhanced call verification law requiring central stations to call a second phone number for residential and commercial accounts before contacting police, in an effort to curb the number of false dispatches.
The decision to turn ECV into a state law stemmed from its introduction to alarm industry members three years ago. A group comprising of law enforcement agencies and the Alarm Association...