Panasonic restructures to combine related technologies and operations

February 24, 2005 SECAUCUS, N.J. - Panasonic Corp. of America announced the formation of Panasonic Systems Solutions Company of America in January as part of a company-wide initiative to combine related technologies and operations. PSSA, formerly known as Panasonic Digital Communications & Security Company, combines the Security Systems, Vision Systems and Information Systems divisions. The organization was also expanded by adding the company’s Corporate Systems operation, which delivers systems design and integration on large-scale products to the end user community with products such as Astrovision large format LED displays and retailTV digital signage. The grouping of the business unit will be official on April 1. According to Frank DeFina, president of PSSA, the formation is timed to meet the overall direction of Panasonic’s worldwide operations. “The divisions within Panasonic Systems Solution Company share common technologies and products,” DeFina said, “which allow us to best apply joint resources in sales and support as these technologies continue to converge in different application areas.” The reorganization further positions the company as a total solutions provider for voice, video and data needs for business-to-business markets. “For the most part, the new organization brings together many different Panasonic products to offer a total systems solution,” DeFina said. “Our direction will be focused on key vertical markets requiring similar solutions, however with a customized approach.” For more on this story, see the April issue of Security Systems News.