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.
DENVER--Red Hawk Industries, a systems integrator specializing in the financial market, announced in January the acquisition of New England Security, a firm with more than 30 years of experience in bank design and construction. Red Hawk did not disclose terms, but confirmed it had acquired 100 percent of NES stock.
FORT WAYNE, Ind.--Pierre's Entertainment Center, a 60,000-square-foot nightclub complex that can serve as many as 4,500 people on a given night, completed the installation of a $250,000 networked security system this month.
SAN ANTONIO--Now that Julie Smith Nelson has sold her guarding firm, Smith Legacy Security, to Initial Security, what's next? Installation and manufacturing, through her seven-year-old company SLS Systems.
"I always had a installation arm running parallel to the guarding," Nelson said, and she's launching a new product that she's developed after years of working with guards.
MIAMI--On the strength of a robust condominium market and good relationships with area developers, Miami-based Future Connections is growing at a triple-digit rate. Company president David Orsham said that after just six years in business the low-voltage integrator expects to hit $10 million in revenues in 2006, "and we're expecting that to go to $25 million next year.
SAN ANTONIO--Initial Security, a subsidiary of United Kingdom-based Rentokil Initial, announced in December the purchase of Smith Legacy Security, a medium-sized guard firm in the San Antonio area. SLS owner Julie Smith Nelson will use the undisclosed proceeds to focus on another aspect of the security industry (see accompanying story, this page).
Some companies this year have discussed the benefit of moving from operating their own central stations to partnering with a third party monitoring center, including RFI Communications, Red Hawk Fire & Security and Comtronics. Will more companies switch to using wholesale centrals?