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Tag: Security Systems News.


On The Editor's Desk

Honeywell Security Products gets new president

September 9, 2014Martha Entwistle

Honeywell today named Inder Reddy president of Honeywell Security Products Americas. Reddy succeeds Scott Harkins, who accepted a new role within Honeywell in June. inder.reddy_.jpg Honeywell Security Products Americas is a provider of intrusion, access control and video surveillance technologies. Reddy is out of the office all of this week, but Honeywell has promised me an interview in the next couple of weeks. Reddy joined Honeywell in 2010 and most recently served as VP of global...

Inder Reddy, president of Honeywell Security Products Americas, Scott Harkins, Security Systems News.


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Commercial

Interface raises $115m

June 4, 2014Martha Entwistle

ST. LOUIS—Interface Security Systems, an integrator that offers physical security with managed network solutions in a bundled service, has raised $115 million to fund growth that includes adding an important new retail customer.“Unlike the $230 million bond that we completed in January, that was substantially a refi, this latest financing is truly growth capital,” Interface CEO Michael Shaw told Security Systems News on June 2.Shaw said he could not name the major new customer...

$115 million, bundled services, Imperial Capital, Interface Security Systems, John Mack, managed services, Michael Shaw, security systems integrator, Security Systems News.


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On The Editor's Desk

Kessler on the multiple paid for Vivint

September 19, 2012Martha Entwistle

Whenever a big company in the industry sells, there's interest in the specific metrics of the deal. I called Jeff Kessler at Imperial Capital to talk about the pending sale of Vivint to the largest private equity group in the country, Blackstone and the numbers. It's not every day there's a $2 billion deal in the security industry. While Kessler has high praise for Vivint, he says that certain metrics are not as off-the-charts as one might think, at least according to his calculations. Kessler pointed...

2GIG, Blackstone Group, Imperial Capital, Jeff Kessler, multiples of RMR, Security Systems News., Vivint, Vivint Solar


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