OMAHA, Neb.--Adesta, a systems integrator and project management company working in security and communications, announced this week that its Physical and Electronic Security Solutions Services have earned certification and designation as a qualified anti-terrorism technology under the SAFETY Act of 2002.
SAN ANTONIO--Argyle Security Acquisition Corporation, a public special-purpose acquisition company, announced in December the purchase of ISI Detention Contracting Group, which does business as ISI Security Group and performs electronic security integration in the commercial and detention markets. ISI will continue as a wholly owned subsidiary of Argyle, and ISI stockholders will receive $16.
PLYMOUTH MEETING, Pa.--Vector Security, poised to become the largest privately owned commercial/residential alarm company with the pending sale of HSM to Stanley Works, announced in December the completion of three acquisitions.
HOUSTON--Infrastruct Security, an integrator operating in the Gulf Coast region, announced in December the acquisition of Monarch Security, along with the accounts of Kimmons Security Services. Terms of the deals were not disclosed, but Infrastruct expects the additions to bring in annual sales near $10 million, resulting in $15 million in 2007 sales for Infrastruct, with monthly recurring services revenue at roughly $75,000.
LONDON--Northrop Grumman announced Dec. 5 the creation of Northrop Grumman UK Limited, a new UK-registered company based here that will target the UK defense, security, civil government and commercial sectors.
WASHINGTON--The Department of Homeland Security Office of Inspector General released a report in December saying DHS "does not have the capacity needed to effectively plan, oversee, and execute the SBInet program; administer its contracts; and control costs and schedule." This is likely to draw congressional eyes increasingly toward Boeing, which won an indefinite delivery, indefinite quantity contract with U.