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Briefs

SSN Staff  - 
02/01/2004

RS&I, SAFE partner for program

IDAHO FALLS, Idaho - RS&I, a distribution company that offers affinity programs in vertical markets, has renewed its partnership with SAFE Financial, based in San Ramon, Calif., to launch a new phase of the Alliance program.

Per Mar expands with Feel Safe purchase

SSN Staff  - 
02/01/2004

DAVENPORT, Iowa - Alarm and security guard provider Per Mar added to its presence in the Des Moines market in December when it picked up the accounts of alarm company Feel Safe Security.

Based here, Feel Safe added less than 500 accounts to Per Mar’s portfolio, but was a solid addition to the company, according to Bill Jackson, president of Per Mar.

Voxcom marks Q3 with higher revenues, EBIDTA

SSN Staff  - 
02/01/2004

EDMONTON, Alberta - Full-service security company Voxcom ended its third quarter with increasing financial metrics in higher recurring revenues and EBIDTA, for the period ending Nov. 30, 2003.

FSS gets new chief, funding

SSN Staff  - 
02/01/2004

DALLAS - Security industry lender Financial Security Services said in late 2003 that it had partnered with a major bank for new lending opportunities for the security industry and appointed a new president and chief executive officer.

Through its new, long-term banking relationship with Bank One, FSS will be able to continue to provide “line of credit and term loan financing to independent alarm dealers,” said Jeffrey Peiper, FSS’s new president and chief executive officer.

Sweetwater marches on with purchase

 - 
02/01/2004

STAFFORD, Texas - Sweetwater Security Capital’s acquisition of approximately 1,500 monitoring accounts from DSS Security, a subsidiary of Eagle Broadband, late last year marked the fifth such deal for the firm in 14 months.

The acquisition of the accounts, which were purchased for an undisclosed amount of cash, puts Sweetwater closer to its objective of building a national security company.

Protection One credit rating downgraded

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01/01/2004

TOPEKA, Kan. - Protection One’s credit rating has been downgraded by Standard & Poor’s Rating Services, an implication that the up-for-sale alarm company may need to restructure its debt or file for bankruptcy after it finds a buyer.

Briefs

SSN Staff  - 
01/01/2004

AlarmForce secures financing

TORONTO - Residential and commercial alarm company AlarmForce Industries announced in early December it had closed a previously announced bought deal financing led by Acumen Capital Finance Partners Limited to issue 1,000,000 common shares on a private placement basis. The price was $2.

Venerable appliance retailer enters home controls market

Sears, Home Director launch authorized integrator program
 - 
01/01/2004

HOFFMAN ESTATES, Ill. - One of the most trusted sellers of home appliances is making inroads in the home integration market through a partnership with a home controls system manufacturer and an authorized integrator program that already stretches across the United States.

Tyco garners new $2.5 billion in funding

SSN Staff  - 
01/01/2004

PEMBROKE, Bermuda - Tyco International Inc. announced in late December that it had completed negotiations of new bank credit facilities totaling $2.

Netracon wins subdivision

SSN Staff  - 
01/01/2004

DALLAS - A company that began as a network consulting firm is now the integrator for Lone Star Ranch, a development of 10,000 single-family homes in Frisco, Texas.

Network Traffic Controllers, which was just selected as a Sears Connected Home integrator (see related story), has already implemented structured wiring for 600 homes in the program, which will take 10 years.

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Poll

SSN News Poll July 2015

Studies show a correlation between having women in the boardroom and profitability. And yet, there remains a dearth of women in the security industry. Some organizations, including SIA and the Women's Security Council, are actively working to expand the number of professional women in the security industry. What is your company doing? Why do you think there are so few women in the industry?

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