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.
CEDAR RAPIDS, Iowa--The National Systems Contractors Association announced the creation of NSCA University, an online and in-person learning opportunity for the commercial electronic systems industry to be introduced at the organization's Expo, March 14 through 18 in Las Vegas. It is organized into six colleges: project management, systems sales, system design, technical knowledge, business and allied professionals.
WASHINGTON--GE and Siemens aren't the only ones searching for a way to enhance shipping security (see related story, page 1). In June of last year, the Department of Homeland Security awarded five grants for private companies to research and design a "Secure Carton System," which would track the openings and closings of the cartons inside the containers.
NORWALK, Conn.--National Guardian, a systems integrator focusing on the multi-location commercial market, announced in January two acquisitions completed in December of last year, which will increase its revenues an estimated 30 to 35 percent.
CANTON, Mass.--Robert McMenimon, president of MAC Systems, has been named the new president of SecurityNet, a collection of integrators with 22 members doing $300 million in business each year and employing 1,200.
Martha talks to Joe Liguori, partner at ACT, an integration company and Security-Net member based in New Jersey, about Ligouri's plans to grow his company from about $13 million to $20 million in revenue over the next few years.