Security Networks buys Proton Security

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Monday, July 1, 2002

WEST PALM BEACH, Fla.-Security Networks, a security company that began operations here in April, acquired Lantana, Fla.-based Proton Security in June. The purchase marks the first of several acquisition Security Networks intends to make as part of a strategic plan to expand throughout the Southeast.

"We intend to become a significant player in the region," says Richard Perry, Security Networks' president and founder. "We're looking at a number of opportunities to acquire quality (security) companies."

Proton Security specializes in the high-end commercial and residential fire alarm business, according to Perry. "Proton customers are used to a very high level of service, and we intend to continue that," he says. Proton's personnel will continue to work as part of Security Networks.

Currently, Security Networks has about a dozen employees and provides both residential and commercial security systems from Miami to Fort Pierce. Security Networks' Vice President of Marketing David Clement says that at the present time, the company is focusing on acquisitions and that the acquisition of Proton "gave us a good start."

Perry notes that the company plans to expand through acquisitions and organic growth, along with developing strategic alliances. As the company grows, a dealer program or mass marketing may be considered, he adds.

Prior to founding Security Networks, Perry served as a managing director of Security Leasing Partners (SLP), a private finance company for the security industry. He also founded Digital Detection Systems, Ltd. which was later merged with SLP.