Tag: LogicMark
NXT-ID finalizes LogicMark acquisition
August 22, 2016SSN Staff
MELBOURNE, Fla.—NXT-ID, a technology company focused digital payments, biometrics, miniaturization based here, completed its acquisition of PERS manufacturer LogicMark.
"This is a significant milestone for the company. LogicMark is a market leader in unmonitored PERS devices and we believe we can potentially add significant value by integrating our voice biometric technology as well as detection sensors and miniaturization to future versions of LogicMark products,” Gino Pereira, chief...
NXT-ID to buy LogicMark
May 25, 2016Spencer Ives
NAPLES, Fla.—NXT-ID, a biometric sensor company, has agreed to acquire PERS manufacturer LogicMark for $20 million. NXT-ID's expertise in biometrics and miniaturization will help LogicMark develop PERS solutions, LogicMark president Kevin O'Connor said.O'Connor formally announced the deal on May 19 here at Affiliated Monitoring's PERS conference Catalyst. The deal should be final by the end of June.“The biggest benefit to us is the technical resources," O'Connor told Security Systems...
LogicMark says mPERS not just for seniors
March 26, 2014Leif Kothe
LOUISVILLE, Ky.—PERS provider LogicMark, based here, is making a foray into the mobile PERS market with the launch of SentryPal, set to be rolled out at ISC West.Troy Bruce, director of sales at LogicMark, believes the product can broaden the demographic potential for PERS, opening up new segments of the market where traditional PERS units aren't typically channeled.“Truly this has got a much, much larger market then just the senior market,” Bruce said.Bruce envisions the units...
Cablecos and Telecoms: Readers debate the new competition
July 10, 2013Leif Kothe
YARMOUTH, Maine—Brand recognition, national reach and advertising clout are some of the obvious advantages afforded the telecom and cableco giants now entering the security space. But some smaller security companies may also stand to benefit from these new entrants, by virtue of both partnerships with bigger companies, and increased market awareness fueled by their advertising.A recent study from IHS Research says the influx of new players will likely increase market penetration for residential...
Who in security topped the Inc. 5000 this year?
August 22, 2012Martha Entwistle
The Inc. 5000 has released its 2012 list, and again, there are a number of physical security companies included.
Top among the physical security companies that I saw on the Inc. 5000 list, which was officially released yesterday was VMS Alarms, a residential and small business security company and Monitronics dealer.
VMS Alarms ranks #526 on the 2012 List. It had a three-year growth rate of 731 percent; 2008 revenues of $2.3 million, and 2011 revenues of $19.5 million.
Here's...
Private equity firm acquires LogicMark
January 9, 2012Rich Miller
BUFFALO GROVE, Ill.—Private equity firm Generation3 Capital has entered the PERS arena by acquiring LogicMark, a designer and manufacturer of medical alarm systems, with former Honeywell Security Group executives Ben Cornett and Kevin O'Connor named to lead the company.Generation3 (Gen3) teamed with Promus Equity Partners on the acquisition, which was completed Dec. 30. Financial terms were not disclosed.Jim Coleman, principal of Gen3, based here, said LogicMark's record of strong growth and...
Former Honeywell exec Cornett to head PERS company
January 4, 2012Rich Miller
The private equity firm Generation3 Capital is getting into the PERS game, announcing this week that it has acquired LogicMark, a Virginia-based designer and manufacturer of medical alarm systems. Generation3 was joined in the deal by Promus Equity Partners LLC, according to a Gen3 statement. Financial terms of the acquisition were not disclosed.
Adding to the news is the fact that LogicMark is bringing aboard former Honeywell execs Ben Cornett, who will be the new CEO, and...
LogicMark's new two-way voice emergency button bridges gap between security, PERS
March 14, 2011Daniel Gelinas
FAIRFAX STATION, Va.—PERS provider LogicMark will be touting what it calls a bridge solution between PERS and security at ISC West in Las Vegas in April. The unit can relay its signal through an end user's traditional security system and be used in non-PERS type situations.
“Our Emergency Wall Communicator accessory is turning out to be a success. In particular, it is finding a market as an add-on to existing security systems or as a way to go back to existing customers and add this to...