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Tag: Vecotr Security

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Vector Security offers loss prevention scholarship

March 5, 2020SSN Staff

PITTSBURGH— Vector Security began awarding Loss Prevention Foundation (LPF) scholarships in 2009 to provide financial support to loss prevention professionals or those interested in a loss prevention career, seeking to obtain LPF's Loss Prevention Qualified (LPQ) or Loss Prevention Certified (LPC) certifications. More than 260 scholarships totaling $262,460 have been awarded since this program began. This year, a total of 10 LPQ and 10 LPC scholarships will be awarded to U.S.-based professionals,...

Loss Prevention Certified, Loss Prevention Qualified, scholarship, Vecotr Security

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Vector Security secures $450m credit facility

June 12, 2019SSN Staff

PITTSBURGH—Vector Security, a provider of residential and commercial security and automation solutions, announced this week it has entered into a $450 million credit agreement led by PNC Bank, with National Association as Administrative Agent; PNC Capital Markets LLC as Sole Bookrunner and Joint Lead Arranger; and with Bank of America and U.S. Bank acting as Joint Lead Arrangers and Syndication Agents.This new credit agreement provides for a $450 million revolving credit facility commitment,...

credit facility, PNC Bank, Vecotr Security

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Vector Security acquires ADS Security

June 4, 2019SSN Staff

PITTSBURGH—Vector Security announced the acquisition of ADS Security, headquartered in Nashville, Tenn. The transaction officially closed on Monday, June 3.ADS Security's strength in the Southeast combined with the current Vector Security footprint will establish a broader, deeper presence in the U.S. Collectively both companies will have close to $20 million in recurring monthly revenue and a customer base of nearly 400k subscribers.“We are excited to welcome the team members and customers...

ADS Security, John Cerasuolo, Pam Petrow, Vecotr Security

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Proposed New York legislation causes major stir

January 20, 2011Daniel Gelinas

ALBANY, N.Y.—Proposed legislation being developed by an alarm association committee here has created such a stir that the New York Burglar & Fire Alarm Association has decided to conduct an open forum discussion at its Feb. 10 board of directors meeting. The legislation in question, called Article 6-E, would require licensing of central station employees of any central station wishing to monitor alarms in the state of New York. “While the NYBFAA took numerous steps to alert the membership...

AICC, Article 6-E, Article 6-E Review Committee, Bart Didden, CIA Security, CSAA, CSAA Long Range Planning Committee Meeting, Dale Eller, Doyle Security, Ed Bonifas, John Doyle, John Lombardi, John Murphy, Mace CSSS, Morgan Hertel, NYBFAA, proposed New York state legislation, Rapid Response, Russ MacDonnell, USA Central Station, Vecotr Security

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