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Archive: June 2007


Murdoch acquires Fortress, looks for more guard firms

June 28, 2007Martha Entwistle

NEW YORK, N.Y.--Guard company Murdoch Security Group on June 25 announced the acquisition of Florida guard company Fortress Protective Services, the third East Coast guard company acquired by Murdoch since it was founded in 2004. Full terms of the deal were not released. However, Murdoch president Bill Vassell emphasized that the owners of Fortress Protective Services retained some ownership in the company and will continue to run the company under the Fortress brand. "We allow the entrepreneurs...

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General Solutions integrates Canon IP cameras

June 28, 2007L. Samuel Pfeifle

HOUSTON and LAKE SUCCESS, N.Y.--General Solutions and Canon have announced that Canon IP cameras are now fully compatible with General Solutions' DigiOp line of DVRs, hybrid video-management devices that allow for both analog and IP video streams, along with real-time audio. Ricardo Chen, manager of technical marketing and sales training for the Consumer Imaging Group at Canon U.S.A., said, "General Solutions was one of the companies we'd been targeting for a while ... They've been selling product...

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Tyco bondholders file lawsuit against Tyco International

June 28, 2007Martha Entwistle

NEW YORK--Saying Tyco's planned spin-off of two businesses violates the conglomerate's contractual obligations to them, a group of Tyco bondholders on June 25 joined a lawsuit against Tyco International. The bondholders took this action just days before Tyco International intends to spin off its health care business (called Covidien) and its electronics business (called Tyco Electronics). The remaining entity, Tyco International, is the umbrella for its security and fire businesses. The break-up...

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Analytics maker Agilence lands NextStage funding

June 28, 2007SSN Staff

MOUNT LAUREL, N.J.--Agilence, a maker of event-based video analytics, announced last week it has closed an investment round of unspecified size, with NextStage Capital as the lead investor. This is the company's first institutional funding round. The company's analytics are built into StoreVision, a product that offers surveillance and auditing capabilities for retailers; TollVision, an audit solution for toll systems like E-ZPass; and V-Metrics, a video content analysis engine used for license plate...

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New working capital for GE Security channel partners

June 28, 2007SSN Staff

HOFFMAN ESTATES, Ill.--GE Security channel partners have new capital available to them under a new financing program called Working Capital Solutions, introduced by GE's Commercial Distribution Finance unit on June 20. Working Capital Solutions has three programs: Extended Terms Financing, to help dealers more closely match repayment terms with accounts receivable, thereby improving cash flow; Purchase Order Funding, credit for dealers to fulfill purchase orders for government, educational institutions...

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Selectron, Vasona to conduct campus case study

June 28, 2007L. Samuel Pfeifle

PORTLAND, Ore.--Security systems integrator Selectron has teamed with mass notification software firm Vasona Technology to launch a Campus Public Safety Case Study Program, which will include free installations on select college campuses and a campus security seminar, to be held July 9 and 10. Long an important vertical for the security industry, college campus security has come into the spotlight since the Virginia Tech shootings on the morning of April 16, and the mass-notification software that...

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Cernium dives into swimming pool security

June 21, 2007SSN Staff

RESTON, Va. and CANBY, Ore.--Cernium Corporation, a developer of video analytics, has partnered with pool equipment manufacturer SR Smith to create a poolside security solution. Utilizing Cernium's P-Core analytics engine, PoolOptix uses advanced video technology and video analytics software to detect events and provide early warning as events occur in a swimming pool environment. The launch date for PoolOptix Pro, a solution for commercial installations, is November 2007. PoolOptix, for the residential...

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Bosch centralizes North American repair to Lincoln, Neb.

June 21, 2007L. Samuel Pfeifle

FAIRPORT, N.Y.--Bosch Security Systems has announced it will soon consolidate all of its North American warranty and non-warranty repairs to one location in Lincoln, Neb., one of four sites where recent large acquisition Telex performed repair and service operations. The move will reduce the number of Bosch locations performing repair and service work from seven to no more than three, and possibly just one. Further, there will be no more third-party outsourcing of repair work after the move is finalized. Once...

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FCC puts kibosh on AMPS extension

June 21, 2007SSN Staff

WASHINGTON--It's official: On Friday, June 15, the FCC officially denied the AMPS extension request filed by the AICC and ADT Security and will continue with the February 18, 2008, sunset of legislation requiring cellular licensees to support analog service equipment. The original request was for a two-year extension on the requirement that cellular licensees provide analog service to subscribers and roamers whose equipment conforms to the Advanced Mobile Phone Service, or AMPS. Lou Fiore, chairman...

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Tyco outlines more post-spin-off plans

June 21, 2007L. Samuel Pfeifle

HAMILTON, Bermuda--Tyco International, in a conference call held Tuesday, outlined more plans for operations following the spin-off of its electronics (Tyco Electronics) and health care business (to be known as Covidien; search "Tyco announces reorganization" at www.securitysystemsnews.com for more on new organizations) at the end of June. Edward Breen, who will remain Tyco International's lead executive, told investors the company will look to increase core revenue four to six percent annually,...

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