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Archive: 2006


DMP signs on for CP-01 compliance

December 28, 2006SSN Staff

SPRINGFIELD, Mo.--Digital Monitoring Products announced on Dec. 21 that all panels in their burglary control line-up meet ANSI/SIA CP-01 False Alarm Reduction Standards. "In our continued effort to work with SIAC and other false-alarm associations, we have determined that all DMP burglary panels should comply with ANSI/SIA CP-01 standards," said Melissa Pitfield, director of marketing and communications for DMP. The standard covers event recognition, information handling sequences and provisions...

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Pro One to merge with IASG

December 28, 2006SSN Staff

LAWRENCE, Kan., and ALBANY, N.Y.--In a move that will make Protection One the dominant player in the wholesale monitoring business, Protection One and Integrated Alarm Services Group announced a merger on Dec. 20. The combined company will be called Protection One and will be led by Richard Ginsburg, Protection One's president and chief executive officer. Calling it a "transforming event" for Protection One, Ginsburg said he expects the merger to improve operating margins and accelerate cash flow...

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Paramount Alarm's Foster to lead Dallas County

December 28, 2006L. Samuel Pfeifle

DALLAS--Jim Foster, chief executive officer of Paramount Alarm, a residential and commercial alarm company, has been elected Dallas County judge and will take office Jan. 2. The office presides over the Commissioners Court and is regarded as the most powerful office in Dallas County, Texas's second-largest county and one of the largest in the United States. The Dallas Morning News reported that Foster, a Democrat, entered the race relatively late, and that his victory over incumbent Margaret Keliher...

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Ron Lakey named COO, president of security at Devcon

December 28, 2006SSN Staff

BOCA RATON, Fla.--Devcon International, a publicly traded regional electronic security services provider, construction company, and materials distributor, announced this week the appointment of Ron Lakey as chief operating officer. Lakey will also serve as president of Devcon Security Services, the company's security division. Lakey's handling of the day-to-day operations, according to a release, with allow chief executive officer Stephen Ruzika to focus on the strategic direction of the company,...

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ASG acquires Accutech Systems

December 28, 2006Martha Entwistle

BELTSVILLE, Md.--Making good on his autumn prediction that ASG Security would be at $2.5 million in RMR by year's end, ASG chief executive Joe Nuccio on Dec. 26 announced the acquisition of integrator Accutech Systems of Rockville, Md. "Our plan to grow the organization and leverage our current facilities and infrastructure in the Washington-Baltimore market came together with this acquisition," Nuccio said. ASG is a major super-regional security company with operations in the Mid-Atlantic region...

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I.D. Systems' RFID system tracks two more Walgreens facilities

December 28, 2006SSN Staff

HACKENSACK, N.J.--I.D. Systems, a provider of RFID-based wireless asset tracking and management solutions, today announced that it has received purchase orders from Walgreens to deploy I.D. Systems' Wireless Asset Net industrial fleet management system. Asset Net will be utilized on fleets servicing the nation's largest drug store chain's distribution centers in South Carolina and Illinois, bringing the grand total to seven facilities for which Walgreens has contracted I.D. Systems to provide tracking...

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RemoteReality lands $7.3m, eyes commercial market

December 21, 2006L. Samuel Pfeifle

WESTBOROUGH, Mass.--RemoteReality, a designer and manufacturer of video surveillance systems featuring analytics and 360-degree views of the environment, announced this week a $7.3 million funding round funded by Battelle Ventures and Chart Venture Partners. The company has traditionally worked in the government market, and has received $6 million in Small Business Innovation Research grants and development contracts from the Defense Advanced Research Projects Agency in recent years. The new money,...

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National Guardian acquires Eagle Security, of St. Louis

December 21, 2006SSN Staff

NORWALK, Conn.--National Guardian, a growing integrator looking expand its national accounts business, announced this week the acquisition of Eagle Security, based in St. Louis. Terms of the deal were not announced, but Eagle brings 1,600 accounts of its own, and another 6,000 accounts it monitors on a third-party basis. This marks the fifth acquisition National Guardian has made this year, as it goes about diversifying its geographic presence. In January of 2006, National acquired Corporate Security...

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Vector announces three buys

December 21, 2006L. Samuel Pfeifle

PLYMOUTH MEETING, Pa.--Vector Security, poised to become the largest privately owned commercial/residential alarm company with the pending sale of HSM to Stanley Works, announced this week the completion of three acquisitions. The largest of the three comprises two companies, Security Concepts and National Alarm, based in Harrisonburg and Charlottesville, Va., respectively, and both owned by Ron Smullen, who will join Vector going forward. Vector also purchased Custom Security, of Columbus, Ohio,...

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MMI tells Brink's to sell

December 21, 2006Martha Entwistle

NEW YORK, N.Y.--Another hedge fund has urged The Brink's Company to consider putting itself up for sale. Saying the company is "chronically undervalued," MMI Investments, a hedge fund run by Clay Lifflander here that owns about 8.3 percent of Brink's stock, in a Dec. 18 SEC filing urged the company to undergo a "strategic alternative review." This move echoes, in some ways, repeated demands in the past several months from activist hedge fund Pirate Capital--which also owns about 8 percent of Brink's...

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