Voxcom buys 16,000 accounts from Stealth Alarms
January 20, 2005
CALGARY, AlbertaÃ¢â‚¬â€Stealth Alarms, the Canadian security company that had its business license suspended by the city after it received complaints from consumers about its business practices, has found a new owner for its Alberta customers.
Voxcom Security Systems announced Jan. 19 that it bought Stealth AlarmÃ¢â‚¬â„¢s Alberta accounts, facility and some alarm monitoring equipment. The deal includes 16,000 customers. The purchase price was not released.
According to Brad Sparrow, president and chief executive officer of Voxcom, customers should see no interruption in service as Voxcom takes over their alarm monitoring. The transaction also builds upon VoxcomÃ¢â‚¬â„¢s customer base in the Alberta market.
In addition to receiving complaints from consumers, Calgary officials also said Stealth Alarms did not have an active direct sellerÃ¢â‚¬â„¢s license. The city pulled the companyÃ¢â‚¬â„¢s business license in July 2004, but held off issuing a 45-day suspension until Oct. 30, 2004, after it denied Stealth AlarmÃ¢â‚¬â„¢s appeal. The suspension kept the company from selling, installing or monitoring alarms in the area
For more on this story, see the March issue of Security Systems News.