Tag: Securitas

AUSTIN, Texas—At Security Systems News' third annual Cloud+, held here in late November, four executives addressed the consumerization of cloud—customers' expectation of innovation and services on the consumer level elsewhere in their lives.Steve Van Till, CEO of Brivo and the panel's moderator, pointed out that each of the panelists works directly with end users. Van Till said, “One of the key themes that we're going to be looking at here today is what are they hearing today, what's...

UNIONTOWN, Ohio—Securitas Electronic Security Inc. (SES) unveiled its new headquarters here on April 21 during a ribbon-cutting ceremony and open house that included more than 100 guests, from community leaders and special dignitaries to business partners and SES customers. SES is part of Securitas, which announced this week the acquisition of an electronic security services company in Mexico from Diebold Nixdorf Inc.“We are excited about the new state-of-the-art facility and having everyone...

NORTH CANTON, Ohio—While Diebold Electronic Security waits on the close of one deal—its acquisition by Securitas—it has closed another: a 500-location national account deal. The national integrator will provide intrusion, fire, access and monitoring services as well as its online customer portal, SecureStat, for Rack Room Shoes, a national footwear chain that also owns Off Broadway Shoe Warehouse. Diebold will also provide an enterprise video and access control system for the company's...

NORTH CANTON, Ohio—Securitas has agreed to buy Diebold's North America-based electronic security division for $350 million. The divestiture by Diebold is aimed to better position it to pursue growth in the self-service industry, it said. For Securitas, the purchase "will bring added value to our customers" with added levels of protective services.The deal, subject to regulatory approval, is expected to be completed in the first quarter of 2016.Diebold Electronic Security has current annual...

In two separate, but related transactions, Securitas is getting into electronic security and Iverify is nearly doubling in size and adding new capabilities. Guarding giant Securitas is making a concerted move into electronic security and “integrated guarding” with the purchase, announced June 2, of a 24 percent stake in remote monitoring firm Iverify. In a related move also announced Monday, Iverify bought 100 percent of the shares of commercial security and fire company TransAlarm. Iverify...

SCHAUMBURG, Ill.—Convergint Technologies will look at “acquisitions that would complement [its] strong services focus and IT security capabilities” as the result of a new investment, announced Sept. 17, by KRG Capital, Convergint CEO Dan Moceri told Security Systems News.With reported 2011 revenues of $237 million, 1,100 employees and 26 offices around the country, Convergint is one of the nation's largest systems integrators. KRG Capital—which is based in Denver and made...

STOCKHOLM, Sweden—Securitas has extended the time frame for its offer to buy Niscayah from July 18 to August 12, but—despite rumors to the contrary—it will not raise its $907 million bid, Gisela Lindstrand, senior vice president corporate communications and public affairs told Security Systems News on July 6. “When we set the first date we did not know how long the [European Commission anti-monopoly approval] filing would take,” she said. Securitas learned that the EC...

NEW BRITAIN, Conn.—Stanley Black & Decker, parent company of Stanley CSS, announced June 27 that it made a $1.2 billion all-cash bid for commercial security integrator and monitoring company Niscayah. The bid is supported by the Niscayah board of directors, which announced it unanimously recommends that shareholders accept the public offer. The $1.2 billion offering price is higher than the $907 million stock bid made by guarding giant Securitas, which is based in Sweden and is the former parent...

STOCKHOLM, Sweden—Is it strange that guarding giant Securitas, which divested itself of its systems integration business (Securitas Systems, now Niscayah) five years ago, this week made a bid to buy that very same business back? It may be an unusual situation, but it's a deal that makes a lot of business sense for both Securitas and Niscayah, Imperial Capital's John Mack told Security Systems News. And it's a deal that Mack predicted is likely to get done. “You can see the rationale,”...

NEW YORK—Even for a security practitioner whose education and work experience is based mostly in technology, being successful in the security industry is a balance of business sense combined with a touch of finesse, according to John De George. Over the course of his career, De George has worked for security manufacturers, as a systems integrator, as a security practitioner for the New York Stock Exchange, and on Jan. 17, De George made another career switch, joining consulting firm Ducibella...