BALTIMORE--After a protracted legal battle with the similarly named Oracle software house, systems integrator Oracle Surveillance has changed its name to Securityhunter. Chief executive officer Michael Rogers, who founded the company in 1988, said he couldn't discuss details of a settlement that left both sides happy, but did say that Oracle "were generous people.
HAMILTON, Bermuda--As a company with more than 100 years of history, Ingersoll Rand has a brand that is recognizable and trusted. Now, the company will attempt to better trade on that brand in the security space, focusing around Ingersoll Rand Security Technologies as its integration face and Schlage as its hardware face to the market.
MASSILLON, Ohio--Financial Solutions Providers International, or FSPi, is the newest player on the trade association front looking to attract members of the security industry. Members will be those who are solution providers to the financial marketplace, be they software manufacturers, packaging providers or hardware developers.
STOCKHOLM, Sweden--In a move hailed by stock analysts, Swedish security firm Securitas AB has announced plans to spin-off three independent companies, with separate boards, management and stock listings: Securitas Systems, focusing on systems integration in Europe and North America; Securitas Direct, an alarm company serving the European market; and Loomis Cash Handling, which operates in Europe and North America.
An excited Securitas Systems chief operating officer Marty Guay said the move made sense because "we have sufficient maturity in our management team and business controls that we're prepared to stand alone--and the market agrees with us.