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Archive: July 2005


Acquisition adds significant size to ASG Security

July 29, 2005SSN Staff

BELTSVILLE, Md. - ASG Security has doubled its employee base and substantially grown its business thanks to its recent purchase of Argus Security Systems in McAllen, Texas. The acquisition, which closed last week, brings ASG Security’s account base to 42,000 customers and 250 employees. Argus Security is known as one of the largest security companies in the Rio Grande Valley area and has a niche of providing CCTV, security and fire suppression systems to restaurants. –We consider...

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Integrator wraps up series of school, university projects

July 29, 2005SSN Staff

ROBINSON TOWNSHIP, Pa. - Systems integrator and telecommunications company The Comm Group recently announced it has completed several contracts totaling approximately $1.3 million in work. One set of projects involved $500,000 of work for four schools districts. The Upper Saint Clair, Mount Lebanon, Pleasant Hills and Chartiers Valley schools districts in Pennsylvania were outfitted with systems that ranged from security, fire, sound and computer network infrastructure. Another round of projects...

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GVI Security awarded port security contract

July 29, 2005SSN Staff

CARROLLTON, Texas - GVI Security Solutions has announced that it has been selected to provide components for a $1.5 million upgrade to the closed-circuit television system of a substantial U.S. port. Under the contract, GVI will supply an integrated CCTV solution incorporating the company’s Digital Watchdog digital video recorders, intelligent PTZ and smart mini-dome cameras. This is the second port contract the company has received in the past 12 months. Nazzareno Paciotti, chief executive...

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Protection One pays on belated due date; elects Enis as chairman

July 29, 2005SSN Staff

TOPEKA, Kan. - Protection One has announced that it has made a semi-annual interest payment of approximately $7 million on the outstanding $190.9 million aggregate principal amount of its –7 3/8 percent senior notes due in 2005. The commercial and residential security service provider had previously deferred payment, which was due on February 17, to re-evaluate the potential effects of Westar Industries’ sale of its 87 percent interest in the company. Under the terms of the indenture...

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Counterforce increases its U.S. market share

July 29, 2005SSN Staff

HOUSTON - Counterforce USA, a security services provider here, is continuing to expand its North American market share with its purchase of a Detroit-based residential and commercial alarm company. Counterforce, a subsidiary of Chubb, acquired the assets of Acceptance Alarm at the end of March for an undisclosed amount - adding approximately 400 accounts to its portfolio. –Counterforce already had a fairly significant base of accounts in Detroit,” said Ron Davis, managing partner...

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Distribution agreement expands network camera applications

July 29, 2005SSN Staff

LAKE SUCCESS, N.Y. - Video camera company Canon U.S.A. is broadening its portfolio of products, partnering with Videolarm to distribute its indoor and outdoor domes. The agreement is for Canon to sell four versions of Videolarm’s eight-inch FusionDome products. The domes are scheduled to be available from Canon this summer. According to Yukiaki Hashimoto, senior vice president and general manager for Canon’s Consumer Imaging Group, the line of domes have been configured to work with...

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Security Networks buys a ticket northward

July 28, 2005Jeffrey Sanders

WEST PALM BEACH, Fla.—Consistent with the company’s growth strategy, Security Networks acquired Tri-State Alarm Company, a full-service installation company, for $17 million and increased its reach across the East Coast. Security Networks purchased Tri-State Alarm in late July at a public auction conducted by Safe Financial, which had foreclosed on the company’s loans. Tri-State, based in Broomall, Pa., has more than 13,000 residential customers in Philadelphia and southern...

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Cryptometrics to expand

July 28, 2005Martha Entwistle

TUCKAHOE, N.Y.–Biometrics firm Cryptometrics intends to use the $17.5 million in new financing that it collected this month for acquisitions, expanding research and new personnel. –I anticipate growth and acquisitions in the next two- to three quarters,” said David Taffet, chief financial officer and chief operating officer of Cryptometrics. The new financing, announced July 13, is the company’s third and was raised through a private placement handled by retail brokerage...

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March Networks, Wabtec develop new DVR

July 28, 2005Martha Entwistle

OTTAWA—On July 21, March Networks announced the development of a product that positions the IP-based surveillance provider to enter a new area of the transportation market. Together with Wabtec Railway Electronics of Wilmerding, Pa., March Networks developed VideoTrax, a new digital video recorder designed specifically for the freight rail industry. The product offers multiple camera and audio options, easy-to-use data analysis and playback tools tailored for the rail industry. March Network...

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ActivCard swipes credential management provider

July 28, 2005SSN Staff

FREMONT, Calif.—ActivCard Corp., a publicly held provider of digital identity systems, announced plans to acquire Canberra, Australia-based Protocom Development Systems, a privately held supplier of credential management products, for $21 million in cash and 1.65 million shares of common stock. ActivCard executives said the overall headcount of the merged companies would be reduced by 13 percent, in an effort to achieve profitability. The majority of the layoffs will be complete by the end...

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