Former Honeywell chairman invests in Maryland company
By Martha Entwistle
Updated Wed May 15, 2013
View Systems, Inc., a manufacture and installer of weapons detection identification systems, video management platforms and tele-data communication networks based in Baltimore, announced May 15 that Leo A. Guthart has purchased shares from View Systems that “will allow View Systems to accelerate its sales efforts and provide funds for new product development.”
View Systems' target vertical markets are: correctional facilities, schools, courthouses, government agencies, event and sports venues, and commercial businesses.
A security industry veteran, Guthart is the former CEO of Pittway Corp. and former chairman of Honeywell's Fire & Security group. He now runs Topspin Partners, a VC fund, as well as Topspin Partners LBO, a buyout fund.
Guthart serves as chairman of Security First Corp., a developer of integrated security cryptographic chip solutions.
“Leo Guthart is an icon in the security industry. We are delighted that he has chosen to assist and give direction to our existing business and technology. He will evaluate and present various opportunities and alternatives. His knowledge and expertise will propel us to the next level of success. View's strategy to acquire and merge with other companies and products is greatly enhanced. We are confident that, with Leo Guthart's guidance, we can finance our growth and enhance shareholder value,” Martin Maassen, chairman of View Systems, said in a prepared statement.
Comments