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New president, new growth plan for Security Partners

Pennsylvania-based firm promotes more RMR with latest monitoring technology
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04/30/2012

LANCASTER, Pa.—Security Partners, a wholesale monitoring provider based here, has brought aboard a new president and initiated a new growth plan to help alarm dealers take advantage of an expanded line of products and services.

NG 911 passes despite alarm industry concerns

Language in bill unchanged, but AICC says work with NENA will protect central stations
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02/29/2012

VIENNA, Va.—A provision to establish Next Generation 911 became law Feb. 22 as part of the payroll tax bill, including language the alarm industry feared might allow unverified PERS calls to stream into PSAPs. But agreements have been reached that will prevent the measure from having a negative impact on central stations, according to the Alarm Industry Communications Committee.

Private equity firm acquires LogicMark

Former Honeywell execs Ben Cornett and Kevin O’Connor will head PERS company
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01/09/2012

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.

Former Honeywell exec Cornett to head PERS company

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Wednesday, January 4, 2012

 

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 Kevin O’Connor, who will serve as president. Both formerly worked at Honeywell Security Group, as president and vice president of global sales, respectively. Most recently they have been involved with EZ Watch, another company in Chicago-based Gen3's portfolio. Cornett is still serving as CEO, while O'Connor has moved on full time to LogicMark.

“The PERS market is growing rapidly in both the durable medical equipment and security channels,” O’Connor said. “We are excited to be involved with LogicMark and have the opportunity to work with some new customers in the DME market, as well as working with some old friends in the security market.”

What are Cornett’s views on the PERS world? I’ll learn more in an interview with him this week, with a story to follow.

CSAA webinar: For anyone with a hole in his (or her) dance card Jan. 18, the CSAA has announced that it will be the new date for a webinar on “Social Media Marketing and Search Engine Optimization (SEO).” The online session will feature panelists Yvonne Grahovac of Alarm.com, and Richard Hahn of Bold Technologies. Register at https://www2.gotomeeting.com/register/164912682.  

Security Partners offers next-generation PERS device

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12/13/2011

LANCASTER, Pa.—Security Partners, a wholesale monitoring center located here, is taking PERS to the next level as the exclusive mid-Atlantic distributor of LifeBeacon, a mobile “emergency call center” with integrated GPS.

Telular delivers manufacturer-agnostic, cellular, two-way voice solution

Says solution eliminates need for manufacturer-specific receivers
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08/25/2011

CHICAGO—Wireless connectivity solution provider Telular on Aug. 16 announced the availability of two-way voice over cellular using its Telguard TG-1 Express solution. According to Telular vice president of marketing and business development Shawn Welsh, the TG-1 Express will save time and money for central stations and dealers by becoming the one-stop shop for two-way voice communication from the panel to the central station.

LogicMark’s new two-way voice emergency button bridges gap between security, PERS

New solution provides more value, extra service for integrators to offer
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03/14/2011

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.

VRI on the move

PERS, telehealth company grows in to new space
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09/22/2010

DAYTON, Ohio—VRI has been doing a lot of growing lately, and expects more acquisitions and new services and is getting ready to move its corporate headquarters and monitoring center.  The new space is capable of serving at least 250,000 accounts, approximately five times the company’s current size, said VRI president Chris Hendriksen.

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