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Archive: August 2007


Mainland Europe propels Securitas Systems' positive 1H performance

August 30, 2007Steven Sachoff

STOCKHOLM--Sales and net income at security systems and services provider Securitas Systems increased in the first six months of this year, with the growth fueled by operations in mainland Europe, the company's CEO, Juan Vallejo, said at a press conference marking the release of the company's 1H results. Group sales for 1H 2007 were up by 15 percent on the year, to roughly $500 million (all figures have been converted from the Swedish Kronor to the U.S. dollar), while net income stood at $28 million,...

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ECSI named to Deloitte's Technology Fast 50 Program

August 30, 2007SSN Staff

CLIFTON, N.J.--Deloitte & Touche USA, a professional service organization, named ECSI International to its Technology Fast 50 Program for New Jersey on August 28. ECSI, which designs, manufactures and markets physical electronic security systems for high-profile, high-threat environments, was ranked 44th in the Technology Fast 50 for New Jersey. Rankings are based on the percentage of revenue growth over five years from 2002 to 2006. ECSI increased its revenues 282.9 percent from 2002 to 2006. Deloitte...

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NSCA to release compensation and benefits report

August 30, 2007L. Samuel Pfeifle

CEDAR RAPIDS, Iowa--On Sept. 15, the National Systems Contractors Association, representing 2,500 members of the commercial electronic systems industry, will release is biannual compensation and benefits report, which can be accessed by corporate members. Compiled by senior director of member services Jodi Montgomery, the report is the result of surveys sent to 2,893 systems contractors and integrators in North America, with 130 companies in 36 states anonymously completing surveys. Results will...

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HSM aims high with new initiative

August 30, 2007SSN Staff

LISLE, Ill.--HSM Electronic Protection Services announced in August the expansion of its high security initiative for private and public commercial companies, defense contractors and government agencies. While HSM's pursuit of high-security accounts is not a new trend for HSM or its parent company, Stanley Works, which acquired HSM in December of 2006, this announcement represents a concerted effort to attack the market in the way HSM has approached the multi-location retail vertical, for example. "Both...

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Study reveals overall attrition rates continue to decline

August 30, 2007Leischen Stelter

OLD SAYBROOK, Conn.--TRG Associates, a management consulting firm specializing in the electronic security alarm industry, recently released its 2006 attrition study. Now in its sixth consecutive year of publication, and reporting more than $60 million in RMR, the study gathers attrition numbers from approximately 75 participating companies of all sizes across the United States, Canada and Europe, according to John Brady, president of TRG Associates. The study aims to provide the industry with a better...

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Securite Kolossal spins off consulting, integration, monitoring arm

August 30, 2007L. Samuel Pfeifle

MONTREAL--Securite Kolossal, a 3,200-employee security services firm founded here in 1980, has spun off Kolossal Technologies, a new division that will focus on security consulting, integration and advanced monitoring solutions. As part of the spin-off, Kolossal Technologies has signed an agreement with a global leader in the digital management and analytics space. Following the ASIS show, KT will open its first U.S. office in San Diego, and by the end of October its brand-new data center and monitoring...

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On The Editor's Desk

Sedaka + ASIS = just plain dumb luck

August 30, 2007Martha Entwistle

Am I the only one who's pumped to see Neil Sedaka at the Orleans in Vegas during the ASIS show? Oh, I am, huh? Have you not heard 1969's Working on a Groovy Thing?

On The Editor's Desk

Raefield out of retirement to lead Edge-Integration

August 28, 2007Martha Entwistle

Dennis Raefield has left the sweet world of retirement to join up-and-coming IP access control manufacturer Edge-Integration. Some of you may remember him as the former head of Honeywell Access Control, or the guy who bought Ademco. Or maybe you remember him from his days at Ortega. I talked to him on the phone the other day, and he said, "This is the hottest thing I've ever seen in access control." And he's seen a lot of stuff.

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On The Editor's Desk

Saflink's FLO sale goes through

August 27, 2007Martha Entwistle

The crosses and dots are all finished with in Saflink's sale of its Registered Traveler assets to the company it created, FLO. Once the organizer and leader of the FLO Alliance, Saflink went so far as to reorganize itself around FLO, but now has chosen to sell off its FLO assets to a corporation that it created, but in which it now holds just 23% equity interest. Simply put, Saflink needed the cash. CEO Steve Oyer's plan to focus on monetizing the company's assets seems like a solid one, but it's...

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Devcon settles with investor

August 23, 2007Martha Entwistle

BOCA RATON, Fla.--A major Devcon investor, who objected to a March debt restructuring agreement, has dropped a lawsuit and settled with the security company, according to an Aug. 16 SEC filing. The investor was the only one of three investors who did not favor conditions of a forbearance agreement with investors to restructure the company's debt (search "Devcon deconstructs" at www.securitysystemsnews.com). In early April that investor transmitted a notice of redemption for Devcon stock with a face...

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