Commercial
NAPCO announces record fourth quarter and fiscal 2021 results
September 14, 2021SSN Staff
AMITYVILLE, N.Y.—NAPCO Security Technologies, Inc. announced record fourth quarter and fiscal 2021 results ending June 30, 2021, highlighted by a fiscal year net income that increased 75 percent to a record $14.9 million as compared to $8.5 million a year ago.
Some additional highlights include:
4th Quarter Sales Increase 54% to a Record $35.4 million
4th Quarter Recurring Service Revenues Increase 43% to $9.5 million with a gross margin of 87%
Net Income for the year increases...
Mountain Alarm acquires NICO Electronic Systems
September 13, 2021Cory Harris, Managing Editor
OGDEN, Utah—Mountain Alarm Fire & Security, a provider of security and fire protection services and equipment, announced it has acquired NICO Electronic Systems, a Helena, Mont.-based provider of security systems design and fire alarm installation, as well as other services.
Eric Garner, President and CEO of Mountain Alarm and a former Security Systems News “20 under 40” award winner (Class of 2016), told SSN that the acquisition came about following the retirement of Bill Niehoff,...
The Clearway Group completes significant financing round
September 7, 2021SSN Staff
LONDON—The Clearway Group, a leading commercial security services provider specializing in securing vulnerable properties or assets, announced a significant growth capital investment from a consortium of institutional investors led by Next Wave Partners.
Over the past four years, Clearway has completed five acquisitions, grown revenues at a CAGR of c.14 percent and developed a full range of security solutions across the UK and France. Through its acquisition of Protim, the Group now...
Specifically Speaking with Protus3 Consultant Dana Frentz
August 25, 2021Paul Ragusa, Editor
YARMOUTH, Maine—Security Systems News recently caught up with Protus3 Consultant Dana Frentz, CHPA, PSP, who has spent more than 25 years in law enforcement and security, working on large-scale projects within healthcare and education, for example, including the creation of operational security standards.
SSN: What's your role at the company?
FRENTZ: I’m a consultant at Protus3, and I’m considered a generalist. I conduct physical security assessments, perform system...
BriefCam and Convergint team up on DC National Mall project
August 23, 2021SSN Staff
BOSTON—BriefCam, a provider of video content analytics solutions, today announced that its software platform is now in place at the National Mall as part of a $3.3+ million technology donation led by systems integration leader Convergint.
By making surveillance video footage searchable, actionable and quantifiable, BriefCam can help the National Park Service (NPS) and the United States Park Police (USPP) ensure a safe and enjoyable experience for visitors to the National Mall’s monuments,...
Allied Universal awarded contract to secure New Mexico’s new HQ
August 17, 2021SSN Staff
SANTA ANA, Calif.—Allied Universal was recently awarded a security services contract for Bernalillo County, New Mexico’s new government headquarters, Alvarado Square.
Bernalillo County has relocated its headquarters to the recently renovated and expansion of Alvarado Square at 415 Silver SW in Albuquerque, New Mexico. The building, which is scheduled to open today, provides offices for over 900 County employees from over 22 County departments, many County-elected officials and...
Alarm Lock debuts RMR-generating access control-system-as-a-service
August 11, 2021SSN Staff
AMITYVILLE, N.Y. – Alarm Lock, a division of NAPCO Security Technologies, is pleased to introduce AirAccess, a unique access control system as a service (ACaaS) designed to help locksmiths, security dealers and integrators build business and RMR-generating accounts faster than ever, right-sized for small & medium-sized businesses (SMBs).
Alarm Lock noted that AirAccess is the “1st revolutionarily-easy, cellular-based access control system, that makes the system connections for its...
Convergint acquires Premier Security Group (PSG)
August 11, 2021SSN Staff
SANTA ANA, Calif.—Global systems integrator Convergint announced the acquisition of Premier Security Group (PSG), a diversified physical security company servicing the financial market vertical in California, Utah, and Arizona.
“We recently celebrated our 20th anniversary, and with it has come great excitement about our momentum and growth,” said Convergint CEO Ken Lochiatto said in the announcement. “We are thrilled to welcome new colleagues with deep expertise in the...
SSN Q&A: Alarm Detection Systems’ COO Amy Becker
August 4, 2021Cory Harris, Managing Editor
YARMOUTH, Maine—Alarm Detection Systems, Inc. (ADS) is a family-owned alarm company that has protected homes and businesses for more than 50 years.
Based out of Aurora, Illinois, ADS is led by Founder and CEO Bob Bonifas, whose company provides electronic security and fire safety services to businesses and residential customers in Illinois, Wisconsin, and Colorado.
Bonifas started ADS in the basement of his father’s grocery store in Aurora in the late 1960s. With a mantra of providing...
Prosegur and Security & Safety Things partner to develop AI-enabled security services
August 3, 2021SSN Staff
MUNICH and MADRID—Security and Safety Things GmbH and Prosegur, one of the largest security companies in the world, have announced their collaboration on the development of a new Security Operations Center (SOC) environment, leveraging the intelligence of innovative Artificial Intelligence infused video analytics and the expertise of Prosegur human operators to improve security services for customers around the globe.
Prosegur will incorporate innovative, AI-infused video analytic applications...