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World Wide acquires Rainbow Home Systems

November 23, 2010Martha Entwistle

GARDEN CITY, N.Y.—World Wide Security joined forces with a former competitor with the acquisition, announced Nov. 22, of Rainbow Home Systems of East Meadow, N.Y. “It's a really attractive tuck-in acquisition for us,” said Mark Simson, CFO of World Wide Security. “Their office was about five miles down the road from us.” The buy includes the assets of Rainbow, 1,200 new, mostly residential accounts, and five employees. All of the accounts have been moved to World Wide's...

Alarm Security Inc., Digital Surveillance and Security, home automation, Joe Ingegno, Lenny Minervini, Mark Simson, Rainbow Home Systems, True Value Alarms, World Wide Securtiy