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physical security

Guardian Protection Services hires VP of dealer program

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Wednesday, November 13, 2013

Weeks after the announcement that Hank Groff, formerly the director of the dealer program at Guardian Protection Services, was tapped to run the partner program at Dynamark, Guardian has made a hiring of its own.

The super-regional, based in Warrendale, Pa., hired Brian Helt to be its new VP of the authorized dealer program, a newly created position, according to a company statement

A 15-year veteran of the industry, Helt comes to Guardian from Interlogix, where he held several sales leadership positions and managed departments dedicated to acquiring and developing business relationships with dealers.

Prior to Interlogix, Helt served in management roles at UTC Fire and Security and GE Security, while being the owner and operator of his own security business in Kansas City.

Helt has experience growing dealer programs, so it will be worth tracking what kind of impact his hiring has for the company, and to see what responsibilities he takes on in the new role. I’m also interested to see what the move means as far as Guardian’s national footprint is concerned.

Physical security to fuel growth in RFID market

Public sector could drive demand for RFID tags for access control, public transit, shipping security applications
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11/12/2013

CAMBRIDGE, England—The global RFID market will be worth $23.4 billion in 2020, up from $6.98 billion in 2012, with physical security applications like access control playing a major role in the surge, according to a report from IDTechEx, a technology market research company based here.

SecurTek taps new CEO

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Wednesday, November 6, 2013

Some hiring news surfaced this week from north of the border. Yorkton, Saskatchewan-based SecurTek, which has three central stations in Canada and commercial and residential accounts in several provinces, hired Darrell Jones to be its new president and CEO, the company announced in a news release.

Jones comes to the SecurTek, a subsidiary of SaskTel, a Canadian telecom company, from outside the industry. He worked previously at the Manitoba Housing and Renewal Corporation, and his background also includes active involvement as a board member with the Real Estate Institute of Manitoba.

He’ll now be at the helm of a company with a dealer network of 150 partners, in retail, wholesale monitoring and security servicing. In addition to its commercial and residential security offerings, SecurTek provides video and medical monitoring.

“Darrell has established strong and positive working relationships with the non-profit sector, stakeholder organizations, and the private sector in his role with the Manitoba Housing and Renewal Corporation,” Ron Styles, SaskTel President and CEO, said in a news release. “Darrell will be a strong addition to the SecurTek team and I’m confident under his leadership SecurTek will continue to grow and thrive.”

In the coming week I hope to speak with Jones about the transition to the security industry, and to explore how his background in real estate could be a boon to someone hoping to expand the company’s residential and commercial account bases.

Physical security to fuel growth in RFID market

Public sector could drive demand for RFID tags for access control, public transit, shipping security applications
 - 
11/06/2013

CAMBRIDGE, England—The global RFID market will be worth $23.4 billion in 2020, up from $6.98 billion in 2012, with physical security applications like access control playing a major role in the surge, according to a report from IDTechEx, a technology market research company based here.

Global fire protection systems market predicted to reach $66.56 billion in 2018

MarketsandMarkets forecasts world market will grow more than 91 percent in five years; North America currently has largest share
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11/05/2013

DALLAS—The global fire protection systems market—products and services—will climb from $34.7 billion currently to $66.56 billion by 2018, according to a new report from MarketsandMarkets.

Getting 'fence sitters' to commit to security

A new study from Parks Associates says a new value equation with smart home features draws customers
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11/01/2013

DALLAS—Nearly 10 percent of the nation’s homeowners with broadband at home—about 5 million households—considered purchasing a home security system over the past year but didn’t acquire one, according to a new report from Parks Associates, a market research firm based here.

Ascent Capital's largest stockholder sells half of his preferred shares

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Wednesday, October 30, 2013

Some intriguing financial news out of the Monitronics/Ascent Capital camp. Ascent Capital Group’s largest direct stockholder, media mogul John Malone, recently sold half his preferred shares—worth $32.7 million in cash—back to the company, according to a news release from Ascent Capital. The divestment comes nearly three years after Ascent acquired Monitronics in a $1.2 billion deal.

Malone, who sold 351,734 shares, now owns the same number of Series B shares, plus 198,540 Series A shares, which together comprise 21.6 percent of the Ascent shareholder vote, the release noted.

In an email exchange, Henry Edmonds, president of The Edmonds Group, a St. Louis-based investment bank, indicated that the move would likely please shareholders. "Ascent has had plenty of cash on its balance sheet so this is not a bad use of funds to help stock price," he said.

It will be interesting to see what (if any) effect this has on operations at Monitronics, a wholly owned operating subsidiary of Ascent. An investor I contacted seemed to believe it would not have much effect. Yesterday, the company announced that it will report its earnings on Nov. 12, 2013. On that date, the company will host a conference call in which management will give an update on Ascent’s operations, including the financial performance of Monitronics, and “may also discuss future opportunities,” the release said.

In all likelihood I’ll be dialing into that conference call, which I’m hoping will shed some light on what those opportunities might be. 

Cancer hospital employees better not go where they don't belong

No added costs for integration with Dana Farber’s Tyco upgrade
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10/29/2013

BOSTON—An upgrade of its access control system has enabled the Dana Farber Cancer Institute here to introduce Wi-Fi locks without building a new system to manage them, has provided more information about cardholders and provides automatic reports.

Managed services: In-house or out?

Most readers say Vector’s move to bring managed services into the fold is the way to go
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10/28/2013

YARMOUTH, Maine—In the eyes of many in the industry, bringing managed services expertise in-house offers a way to gain a competitive edge and keep pace with the convergence of IT and security.

Tyco Lenel deal important to large group of TycoIS customers

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10/28/2013

CHICAGO—Tyco Integrated Security announced at the ASIS show a new partnership with access control provider Lenel Systems International.

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