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Archive: August 2006


Devcon can't consummate deal for construction operation

August 31, 2006SSN Staff

BOCA RATON, Fla.--A deal that would have completed Devcon International's transformation into a pure-play security company fell through, the company announced on Aug. 29. In May, Devcon announced it had a letter of intent to sell its construction operation for $12.2 to a private investment group led by The Symonette Group. Devcon bought its first alarm company in 2004. It has been building its security operation and selling its non-security operations ever since. Stephen Ruzika, chief executive officer...

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CSAA travels to Rome for annual meeting

August 31, 2006SSN Staff

VIENNA,Va.--When in Rome, November 3 through 8, Central Station Alarm Association members at the 2006 annual meeting will do as the Romans do, and the Vatican will serve as the event's backdrop. Throughout the event, attendees will participate in seminars pertinent to the landscape of the alarm monitoring market, such as a panel discussion where representatives of law enforcement, fire prevention, and emergency communications organizations will share their vision of future issues or a session examining...

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SYSTEMSgroup opens two redundant contact centers

August 31, 2006Erin Zwirn

DALLAS--In an effort to offer around-the-clock monitoring for its commercial clients, SYSTEMSgroup for the first time will open two redundant security operations centers in Houston and Fort Worth, Texas, this fall. A subsidiary of SAFEguard Security Holdings (see "SAFEguard continues growth," in the July issue of Security Systems News), SYSTEMSgroup has designed and developed control centers and operational procedures for organizations with unique security needs for more than 15 years. "We have learned...

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Tri-Ed opens branch to serve Philly

August 31, 2006SSN Staff

PENNSAUKEN, N.J.--Tri-Ed Distribution has added yet another branch to its current list of more than 30 locations in the United States and Canada. The new Pennsauken, N.J., branch, which opened this August, offers same-day shipping to the entire New Jersey, Pennsylvania and Delaware region. Tri-Ed opened the new branch, according to company officials, to better serve new security professionals in the Philadelphia area. "Everyone at Tri-Ed strives to give our customers what they need, when they need...

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GVI in search of funding

August 31, 2006L. Samuel Pfeifle

CARROLLTON, Texas--While GVI Security Solutions published very real concerns for its continuance as a going operation in its August 15 10-Q report to the SEC, recently installed chief executive officer Steven Walin looked to tell the story of gains made in sales of professional products, mostly Samsung surveillance products, of which GVI is the master distributor for Latin and North America. "That business was always and continues to be very strong," said Walin, who took over as CEO at the beginning...

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HSCC buys access-control/RFID outfit SecurityInc

August 31, 2006L. Samuel Pfeifle

ARLINGTON, Va.--Consolidation holding company Homeland Security Capital Corp. announced August 23 the acquisition of SecurityInc, a manufacturer of access control solutions using RFID technology based in Milwaukee. In addition, the company acquired SecurityInc affiliates Cyberlynk, an IT support company for enterprise applications, and AAID Security Solutions, a Georgia-based manufacturer and distributor of RFID solutions. The three companies will be merged into the newly formed subsidiary Security...

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Napco expects to fly, thanks to soaring airport security sector

August 24, 2006SSN Staff

AMITYVILLE, N.Y.-- After the recent foil by British security agents of a potential terrorist plot, Napco Security Systems, a electronic security systems and equipment manufacturer, said sales of its products to U.S. airports are anticipated to increase as governments, airlines and airports respond to the need for upgraded security. "As a supplier of electronic door locking products, access control systems and intrusion detection systems to more than two dozen airports including LaGuardia and JFK...

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LaPenta rings in L1's new identity

August 24, 2006Martha Entwistle

NEW YORK, N.Y.--Robert LaPenta will ring the New York Stock Exchange bell on Aug. 30, marking the first day of trading on this exchange for his biometrics technology company, L1 Identity Solutions. The company's ticker symbol will be ID. LaPenta is chief executive officer of the new company, which is the result of a merger, expected to be completed Aug. 29, between Viisage Technology and Identix Inc. LaPenta has been working over the past year to bring together different biometrics companies under...

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IBM to purchase Internet Security Systems for $1.3b

August 24, 2006SSN Staff

ARMONK, N.Y.--IBM announced on Wednesday a definitive agreement to purchase the Atlanta-based Internet Security Systems, Inc., for approximately $1.3 billion, or $28 per share. The deal is subject to ISS shareholder and regulatory approvals, but is likely to represent the fifth largest acquisition in IBM history. ISS provides security solutions to thousands of companies and governments worldwide, protecting against Internet-based threats across networks, desktops and servers. ISS software, appliances...

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HSM severs last tie to Honeywell

August 24, 2006SSN Staff

MINNEAPOLIS--HSM Electronic Protection Services will relocate its Protection Net Center to a new facility here in October, which will be the last step for HSM in separating from its former parent company, Honeywell. "This has been the last real estate that we have co-occupied," said Don Young, the chief information officer at HSM. The new Protection Net Center, a legacy name kept when HSM bought the central station from Honeywell in June 2004, will "have service dispatch completely centralized, where...

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