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Tag: Rainbow Home Systems


World Wide Security plans six acquisitions, dealer program

January 4, 2012Rich Miller

GARDEN CITY, N.Y.—World Wide Security Group, an integrated services company based here, is using a $3 million extension of its revolving line of credit to fund six acquisitions and a new dealer program for its central station, the company announced in late December.Part of the initial $5 million credit line from CapitalSource Bank was used to acquire Rainbow Home Systems in November 2010, which has “worked out well,” according to Mark Simson, CFO for World Wide. That led the company...

CapitalSource Bank, GC Alarm, Mark Simson, Rainbow Home Systems, Rainbow Protection, Telestat Security, Vision Monitoring Services, World Wide Security, World Wide Security Group

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World Wide acquires Rainbow Home Systems

November 23, 2010Martha Entwistle

GARDEN CITY, N.Y.—World Wide Security joined forces with a former competitor with the acquisition, announced Nov. 22, of Rainbow Home Systems of East Meadow, N.Y. “It's a really attractive tuck-in acquisition for us,” said Mark Simson, CFO of World Wide Security. “Their office was about five miles down the road from us.” The buy includes the assets of Rainbow, 1,200 new, mostly residential accounts, and five employees. All of the accounts have been moved to World Wide's...

Alarm Security Inc., Digital Surveillance and Security, home automation, Joe Ingegno, Lenny Minervini, Mark Simson, Rainbow Home Systems, True Value Alarms, World Wide Securtiy

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