Archive: February 2002
Diversified penetrates airport market
February 1, 2002SSN Staff
SADDLEBROOK, N.J.-Systems integrator Diversified Security Solutions has further penetrated the airport market, with recently awarded contracts with the Port Authority of New York and New Jersey to provide security systems, upgrades, services and maintenance to three major airports in the metropolitan area.
"These high-visibility contracts to install and service state-of-the-art electronic security systems at three of the nation's busiest airports provide a platform for Diversified Security Solutions...
Industry gives mixed views
February 1, 2002Chelsie Woods
While security industry analysts expect General Electric's plans to enter the security market will create opportunity in the long run, security industry professionals still expressed mixed reviews about the conglomerate's expected entrance.
Through interviews and a recent Security Systems News NewsPoll, industry professionals said they worry about how well GE and other large conglomerates who recently completed manufacturer acquisitions will serve the industry. Others saw GE's entrance into the...
Dedicated Micros targets integrators
February 1, 2002Andrea Gura
CHANTILLY, Va.-Armed with a year's worth of climbing sales from a new product line, a multiplexer manufacturer here has launched a national account sales division that targets systems integrators and national commercial security companies.
With sales nearly doubling from the launch a year ago of the company's Digital Sprite digital multiplexer line and with the company fresh from a host of other changes it had made over the past year, management felt the company was ready to service large integrators...
Financing activity predicted to rise as year progresses
February 1, 2002Joanne Friedrick
Financing activity predicted to rise as year progresses
How do capital providers view 2002?
With optimism and an eye toward new business and increased acquisitions activity, according to interviews with Security Systems News.
While the pendulum has swung in a conservative direction over the past year, Henry Edmonds, chief executive officer of SLP Capital in St. Louis, said it's heading back to where it had been.
"We're coming to the end of the cycle," he said, noting markets and values are stabilizing....
Newspoll Results
February 1, 2002SSN Staff
We sent a newspoll to our Security Systems News Newswire subscribers asking them what they think about Tyco's plan to purchase DSC. Here's the question we asked, how people responded and comments some of you made.
Question: What type of an impact do you think Tyco's planned purchase of security product manufacturer DSC will have on the security industry if approved by federal regulators?
51% - Very Significant
39% - Significant
7% - No impact
3% - No opinion
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"Frankly, I'm very concerned...
Vicon debuts biometric system
February 1, 2002SSN Staff
HAUPPAUGE, N.Y.-Through a partnership with an Israeli image recognition developer, Vicon Industries introduced an integrated facial recognition and area surveillance system that can monitor abnormal behavior, perform object detection and other functions, company officials said.
The Facematch system was developed and manufactured by Mate-CCTV, who will be working with QSR, Ltd., Vicon's Israeli development subsidiary, to incorporate the biometric technology into Vicon's proprietary digital video...
Security Networks buys Proton Security
February 1, 2002RoJean Tulk
WEST PALM BEACH, Fla.-Security Networks, a security company that began operations here in April, acquired Lantana, Fla.-based Proton Security in June. The purchase marks the first of several acquisition Security Networks intends to make as part of a strategic plan to expand throughout the Southeast.
"We intend to become a significant player in the region," says Richard Perry, Security Networks' president and founder. "We're looking at a number of opportunities to acquire quality (security) companies."
Proton...
It's a learning curve
February 1, 2002SSN Staff
Last month you saw the debut of our Fire Installation Section. It's our newest editorial addition and one that we hope provides more comprehensive coverage of the life safety market.
You may be wondering why we've added this new section. The reason is simple.
In today's market, security and life safety systems go hand-in-hand. People are looking for an integrated system, and that's not just access control and video integrated with an alarm system anymore.
Fire is such an important part of our market...
Securitron Magnalock's Cook to head Medeco
February 1, 2002Chelsie Woods
SPARKS, Nev.-After more than 20 years of heading Securitron Magnalock, Robert Cook is leaving the company to take over the reigns at sister company Medeco Security Locks.
Cook was one of the original employees of the electromagnetic locking and access control product manufacturer when it was started by a group of investors in 1981. In two decades, Cook helped build Securitron from a one to two person garage operation into a company renowned in the security industry that employs more than 100 people...
Custom Alarm scoops up Premier
February 1, 2002Chelsie Woods
ROCHESTER, Minn.-Security and sound company Custom Alarm picked up 450 additional accounts for its central station by buying neighboring firm Premier Alarm & Security.
The transaction included all the assets of Premier, such as product inventory, existing installation projects and monitored customers. The purchase price was not released.
"The owner just felt it was time that he moved on," said Leigh Johnson, owner and chief executive officer of Custom Alarm/Custom Communications Inc., a full-service,...