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Tag: CPI Security Systems


Residential

CPI sues ASG, accusing it of 'raiding' CPI's sales reps

October 2, 2013Tess Nacelewicz

CHARLOTTE, N.C.—CPI Security Systems, based here, has filed a lawsuit against the Alarm Security Group (ASG), accusing ASG of “raiding” sales reps from CPI by means of deceptive practices.Now, CPI contends in the lawsuit, former CPI employees working for ASG “are misappropriating CPI's confidential/proprietary information and trade secrets … and ASG is directly benefiting from this misappropriation.”The lawsuit was filed last week in the General Court of Justice, Superior...

Alarm Security Group, ASG, CPI Security Systems, Heidi Cowley, Joe Nuccio, Ken Gill


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Monitoring

CPI continues on road less traveled

July 1, 2013Leif Kothe

CHARLOTTE, N.C.—Like many monitoring companies, CPI Security Systems chalks up some of its recent success to the boon of technological advances, from smartphone apps to home automation capabilities.But the super-regional's strong retention rate may also be abetted by its willingness to break with orthodoxy when it comes to customer relations, Greg Hurst, central station manager at CPI, told Security Systems News.“We don't necessarily wait for an incident to happen,” he said. “We...

central station, CPI Security Systems, CSAA, ESX, Greg Hurst, physical security


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Also Noted

CPI reels in pair of CSAA awards

June 24, 2013SSN Staff

NASHVILLE, Tenn.—CPI Security Systems, based in Charlotte, N.C., won a pair of CSAA Excellence Awards at ESX last week, including the award for CSAA Central Station of the Year. In addition to that honor, CPI's Crystal McLemore was named Operator of the Year for her work, according to the Central Station Alarm Association. “To be named a winner in any category is to have reached the highest level of professionalism,” Bob Bean, CSAA president, said in a prepared statement. “Winning...

ADS, central station, CPI Security Systems, CSAA, monitoring, SSN, Vector Security


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This Blog's on Fire (And Other Stuff)

Vivint gets millions more in financing, surpasses RMR milestone

June 20, 2012Tess Nacelewicz

Ever since rebranding last year, Vivint has seemed to do nothing but grow. The latest sign of that is the announcement yesterday from the residential security and home automation provider that it has surpassed a $30 million milestone in RMR, putting it among the top three largest security companies in the nation. Also, the Provo, Utah-based summer-model company said, it has added another $50 million to its financing, bringing its total senior debt financing to $812 million. That refinancing comes...

Alex Dunn, APX Alarm Security Solutions, Chris Black, CPI Security Systems, Security Systems News, Todd Pedersen, Vivint


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Residential

Platinum sued again, but two other cases dismissed

June 13, 2012Tess Nacelewicz

AMERICAN FORK, Utah--Financially beleaguered Platinum Protection, a summer-model company here that laid off most of its employees in February, is facing another lawsuit, this one filed by the Ohio attorney general, charging that Platinum engaged in "false and misleading" sales practices in that state.However, two other civil lawsuits brought against the company in federal court earlier this year--one filed by its former primary dealer, Dallas-based Monitronics, and the other by CPI Security Systems,...

CPI Security Systems, monitronics, Platinum Protection, Security Systems News


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Residential

More problems for Platinum: It's now charged with defaulting on $700,000 loan

April 4, 2012Tess Nacelewicz

AMERICAN FORK, Utah—CPI Security Systems, a Charlotte, N.C.-based monitoring company, is suing Platinum Protection, claiming Platinum has defaulted on a $700,000 loan CPI made to the company in January.CPI contends in a lawsuit, filed March 29 in federal court in Utah against Platinum and its CEO Jared Hallows, that Platinum has not repaid the money as required. Also, CPI claims that Platinum is not able to properly maintain the 350 customer accounts that are collateral for the loan because...

Allen Jacobson, CPI Security Systems, Jared Hallows, Ken Gill, Platinum Protection, SEC, Securities and Exhange Commission, Security Systems News, Wendell Jacobson


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