Commercial
Securitas ES awarded renewed protection under Homeland Security SAFETY Act
May 5, 2021SSN Staff
STOCKHOLM—After an extensive review by the Department of Homeland Security (DHS) of the service standards adopted and followed by Securitas Electronic Security, Inc., the DHS has awarded Securitas Electronic Security (SES) SAFETY Act protection (Designated).
The SAFETY (Support Anti-terrorism by Fostering Effective Technologies) Act ensures the possessors of anti-terrorism technologies are not deterred by the threat of liability fro developing and commercializing products and technologies...
Convergint closes on BranchServ and CustomVault acquisition
May 4, 2021SSN Staff
SHAUMBURG, Ill.—Convergint Technologies, a global leader in service-based systems integration, announced it has closed on the acquisition of Custom Vault Corp., which includes its BranchServ and CustomVault divisions.
Convergint is an emerging leader in security for the financial market, holding service-based agreements with 17 of the 20 largest banks in the United States. With this acquisition, the company will have an expanded capability to assist financial institutions in improving operational...
Security 101 – San Francisco Bay Area names Paul Newton director of operations
April 27, 2021Cory Harris, Managing Editor
SAN FRANCISCO—Security 101 – San Francisco Bay Area has named seasoned commercial security leader Paul Newton as its new Director of Operations, leading the San Francisco Bay Area and Sacramento installation, service and support teams.
Newton most recently worked with Honeywell Building Solutions, managing all aspects of the company’s most important enterprise accounts. Prior to that, he worked for Kratos (later acquired by Securitas), serving as Project Manager, Operations Manager,...
Group337 names Jonathon Harris vice president of The Index
April 14, 2021SSN Staff
BETHESDA, Md.—Group337, a team of experts focused on the business of the security, access control and IoT industries, announced the hire of Jonathon Harris as vice president of The Index, adding yet another high-profile executive to their quickly expanding roster. Group337 recently hired Hilary Gallagher as vice president.
In his new role as vice president of The Index – the data and analytics arm of Group337's solutions for the market – Harris will lead Group337’s...
Convergint acquires for third time this month
April 13, 2021SSN Staff
SCHAUMBURG, Ill.—Convergint Technologies announced it has entered into a definitive agreement to acquire Custom Vault Corporation, which includes BranchServ and CustomVault. The combination brings together two exceptional security service providers in the financial industry to deliver best-in-class customer service and results. The agreement is expected to close on May 3, 2021.
“Today’s announcement marks an exciting new chapter for both companies, our customers in the...
SMB spending on physical and cybersecurity on the rise
April 12, 2021SSN Staff
DALLAS—More than half of SMBs are concerned about cybersecurity regarding employees’ home networks, while 21 percent report an increase in need for products and services to protect or monitor the physical safety of the business, according to the latest research from Parks Associates.
“One-third of SMBs have already increased spending on solutions such as voice and video conferencing services, internet access, IT devices, and support, and 37% are likely to purchase cybersecurity...
Convergint acquires in Latin America and Asia Pacific
April 6, 2021Cory Harris, Managing Editor
SCHAUMBURG, Ill.—Convergint Technologies has made two acquisitions already this month, expanding the global systems integrator’s reach into Latin America and Asia Pacific regions. As Convergint’s CEO Ken Lochiatto told Security Systems News last month, they will be very active over the next few months.
“You’ll probably see one, if not two, acquisitions per month, that will allow us to continue to grow into verticals that we’re already established in, that we’re...
Michael Walton named president for Security Franchisors LLC and Security 101
March 24, 2021SSN Staff
WEST PALM BEACH, Fla.—Security 101 announced that Michael Walton has been promoted to the role of President for Security Franchisors, LLC and Security 101, effective immediately.
In his new position, Walton will oversee all franchising operations and corporate department managers will report directly to him. Walton will continue to report to Security 101 founder and Chief Executive Officer Steven Crespo.
In his prior role as Chief Operations Officer, Walton provided operational expertise...
Allied Universal hires financial veteran as global CFO
March 24, 2021SSN Staff
SANTA ANA, Calif.—Allied Universal recently hired Tim Brandt as the company's Global CFO. Brandt will lead the financial operations of the company, and will focus on the upcoming acquisition and integration of G4S, and the eventual IPO of the newly consolidated company.
Prior to joining Allied Universal, Brandt worked for 30 years with Deloitte and was the Managing Partner of the Orange County practice for the last four years of his career. He specialized in mergers and acquisitions,...
SYNNEX merges with Tech Data in $7.2B deal
March 24, 2021SSN Staff
FREMONT, Calif. and CLEARWATER, Fla.—SYNNEX Corp. and Tech Data, which is wholly owned by funds managed by affiliates of Apollo Global Management, Inc., announced a merger agreement valued at approximately $7.2 billion, including net debt.
The combined company, with approximately $57 billion in estimated pro forma annual revenues and a team of over 22,000 associates and colleagues, will provide customers and vendors with expansive reach across products, services, and geographies to accelerate...