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March Networks taps industry veteran for CEO role

 - 
05/01/2004

OTTAWA - Terry Matthews, the founder of March Networks and a number of other Canadian technology companies, has handed the president and chief executive officer reins to a veteran of the security industry.

In April company officials announced that Peter Strom, who joined March Networks last year as vice president of global sales, marketing and product management and was later promoted to chief operating officer, has taken over those duties.

Name change signals expansion plans on the horizon

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05/01/2004

CHESHIRE, Conn. - Edwards Signaling has adopted a new name meant to represent an expanded portfolio of products scheduled for release in 12 months.

Bold move for Bold Technologies

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05/01/2004

GURNEE, Ill. - In an effort to consolidate its customer support department, Bold Technologies has reorganized its corporate structure, which has been split between its offices here and in Colorado Springs, Colo.

Briefs

SSN Staff  - 
05/01/2004

Identix contract challenged by losing bidder

MINNETONKA, Minn. - A $27 million Department of Homeland Security contract awarded to biometric technology company Identix is being contested by an unsuccessful bidder on the contract.

ABC’s next step is consolidation

SSN Staff  - 
05/01/2004

LEWISVILLE, Texas - American Building Controls is moving forward with its reorganization, recently announcing plans to bring its MDI Security Systems and ABM Data Systems operations to a single location.

The consolidation will result in MDI Security and ABM Data sharing a 32,000-square-foot office and warehouse facility in San Antonio, Texas, and a significant reduction in workforce.

Business relationship turns into a case of acquisition opportunity

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05/01/2004

EXPORT, Pa. - A manufacturing and distribution alliance between American Auto-Matrix and access control company ControlSoft has evolved into a new relationship, with American Auto-Matrix recently buying that business.

Reverse merger takes GVI Security public

The company, which sells products as Samsung CCTV, plans to build its product portfolio
 - 
04/01/2004

CARROLLTON, Texas - Public shell company Thinking Tools has bought GVI Security in a transaction that brings the surveillance company to the public market for the first time.

The cost of the reverse merger, as it’s called, was not released, but shareholders of GVI Security received stock as part of the transaction and now own 95 percent equity in Thinking Tools.

ActivCard’s CEO is out due to ‘difference of opinion’

SSN Staff  - 
04/01/2004

FREMONT, Calif. - Four months after coming onboard to lead ActivCard, chief executive officer George Garrick has already left the company.

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Poll

SSN News Poll October 2015

Some security companies are very active in charities. SSI founded Allegiant Giving to provide disabled veterans with specialized wheelchairs. Alliance Security donates security systems to victims of domestic violence. Dozens of security companies support Mission 500. Is your company involved?

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