Conference unites financial market, security execs
SANTA MONICA, Calif. - For the third year in a row, some of the top names in the security industry came together to pitch their business strategies to the financial community, many of whom are looking to invest in the security market.
The Security Growth Conference took place on March 8 and 9, enabling investors to network with middle market security companies. More than 40 companies presented at this years event. In its third year, the conference is sponsored by investment banking firm USBX Advisory Services, Mitchell Silberberg & Knupp, a law firm with a major practice in the security industry, and security industry newspaper Security Systems News.
Presenting companies included systems integrator Hamilton Pacific, video analysis firm VistaScape Security Systems, 360-degree camera imaging company IPIX and Tri-Ed Distribution, a distributor of security and low-voltage systems recently sold by Tyco to former ADI executive Steve Roth.
The conference saw the return of several well known financial institutions, companies that have either invested in the security industry in the past or are currently involved. That included The Carlyle Group, The Hartford Financial, Congress Financial and CapitalSource.
According to John Mack, founder and chief executive officer of USBX Advisory Services, the $127 billion security industry is experiencing a year-over-year growth rate between 10 to 15 percent. And, security stocks outperformed the Standard & Poor Index during 2004, with a growth rate of 14 percent compared to 9 percent for the S&P.
Keynote speakers at Security Growth Conference included Robert Grady from The Caryle Venture Partners, John Kubricky from the U.S. Department of Homeland Security and Cynthia Conlon from Rand Corp.