Archive: September 2011
Proposed NYMP sale pending
September 30, 2011Tess Nacelewicz
FREEPORT, N.Y.—The New York Merchants Protective Co. Inc., a financially embattled New York-based alarm company that has been in the same family for about 100 years, was put up for sale late this summer.The company has been under receivership since early this year, when Bank of America sued NYMP, which is based here, and its owner Wayne Wahrsager for more than $19.2 million for allegedly defaulting on a loan.In August, the company's court-appointed receiver posted notices in The New York Times...
Specifiers at ISC Solutions
September 30, 2011Martha Entwistle
NEW YORK—ISC Solutions is broadening its scope this year to include formal educational and networking programs for security specifiers. The show will also provide more opportunities for specifiers, integrators and end users to get together and talk business.
“Specifiers are an important segment of the market,” said Ed Several, SVP & GM of the ISC portfolio of events.� He added, “We want to make sure they have a home here, a place for an annual meeting, a platform to meet...
Dynamark Monitoring opens its doors
September 29, 2011Daniel Gelinas
HAGERSTOWN, Md.—Dynamark Security Centers, a well-known name in the security industry—the monitoring aspect of which disappeared through a series of acquisitions several years ago, and which earlier this year announced its intent to relaunch—is once again officially open for business."We opened the door on Monday [Sept. 19] with a staff of 20," Dynamark VP sales and marketing Tom Piston told Security Systems News. "We will, of course, need to add more in the coming months."Part...
AFS gets new credit facility
September 29, 2011Martha Entwistle
CORTE MADERA, Calif.—Alarm Financial Services plans to help more small- and medium-sized alarm companies finance growth with a new credit facility it closed with RBS Citizens Bank, AFS president Jim Wooster announced this week.“We fit a niche for smaller loans, from $150,000 to about $1.5 million or perhaps up to $2 million,” Wooster said. He added: “That's well below what traditional banks in the alarm industry like to lend. Because of their scale, traditional lenders like...
Fire alarms are seen and heard
September 29, 2011Tess Nacelewicz
NORTHFORD, Conn.—In a partnership that's designed to enhance its emergency communications systems offerings, Gamewell-FCI by Honeywell announced it is working with Alertus Technologies to integrate audible and visual notification devices and Alertus' IP network command software.
Gamewell-FCI, which is based here, said its E3 Series of fire alarm and other emergency communications systems can “integrate seamlessly” with Alertus' “wall-mounted Alert Beacons, text-to-speech...
Video verification in the news
September 29, 2011Daniel Gelinas
I was going through my inbox the other day and I came across an email from RSI president Keith Jentoft. I've written beforeabout Keith's always-on-task, tireless promotion of video verification. He forwarded on a link to me of the security industry being spotlighted in a local news broadcast.
It's nice to see the security industry get some positive coverage in the mainstream media. I've also written before about the black eye the industry often receivessince news only seems to...
This Blog's on Fire (And Other Stuff)
NYMP still up for sale and Pro 1 proactive
September 29, 2011Tess Nacelewicz
Here are a couple items of interest:One is a short update on something I wrote about earlier this month: The proposed sale of the New York Merchants Protective Co. The sale is still awaiting a federal judge's decision.The financially embattled New York-based alarm company—owned by the same family for about 100 years—has been in the news because Bank of America in January sued NYMP and owner Wayne Wahrsager for more than $19.2 million for allegedly defaulting on a loan.Then, in August,...
Guard company and integrator partner
September 29, 2011Martha Entwistle
PARSIPPANY, N.J.—Securitas USA, which has 400 branch locations and employs close to 100,000 guards, and Convergint Technologies, a national systems integrator, yesterday announced a formalized partnership where they'll offer a “total security program,” a combination of guard services and technology, to their customers.Convergint will provide systems integration, service and maintenance of access control, video monitoring systems and other technology-based solutions to Securitas...
Outsmarting economy with parts, smarts
September 29, 2011Tess Nacelewicz
VENTURA, Calif.—Jeff Borrelli, president and owner of Low Voltage Solutions, a Silent Knight by Honeywell Farenhyt distributor based here, said specializing in the “parts and smarts” of fire alarm systems has helped the company stay busy in the down economy.
“We let our customers make money off the fire alarm by only doing the parts and smarts,” Borrelli told Security Systems News. “We normally work for the electrical contractors, and they get to make money...
More cuts in Clovis
September 29, 2011Martha Entwistle
Pelco by Schneider announced yesterday that it's laying off 50 people. In an official statement, the company said the cuts are “part of an overall global Schneider Electricworkforce reduction that impacted several regions around the world and multiple locations within the US.”
The company said the layoffs are necessary because of “continued softness in construction, escalating raw material costs, and fragile global markets.” It called layoffs the “last resort,”...