Features

Clearfix
Sat
04
Sep
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No Escape For Jim Covert

"Jim Covert brings invaluable experience and expertise to Honeywell Security Monitoring," said Collin Roche, a Senior Principal at GTCR. "He's clearly the leading executive in the industry as indicated by his outstanding track record in building highly successful companies. GTCR's strategy is to develop long-term partnerships with leading managers, and we're very pleased to partner with Jim again." Covert previously partnered with GTCR to found Cambridge Protection Industries in 2000. Through aggressive acquisitions, Cambridge quickly became the second largest electronic security group in the U.S., with operations in more than 40 states. In 2001 GTCR sold Cambridge to ADT Security Services, Inc., for approximately $1 billion in cash.

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Sat
04
Sep
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Brit Access Market Quietly Growing

The market covered by the findings includes system design; equipment supply, installation and maintenance; and the ongoing sales of new cards and tokens where appropriate. The products included in this market are audio- and video-entry systems, keypad entry systems, card access systems, proximity systems, long-range and hands-free systems, and biometric systems. Systems may also include more than one technology for added security. According to the analysts, the high crime level and the threat from international terrorists continue to encourage upgrading of access control systems. At the same time, some customers are choosing smart-card systems to future-proof the system, as they believe that they will add other kinds of information to the system at a later date.

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Sat
04
Sep
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Diebold's Growth By Acquisition

“This step further strengthens Diebold’s national presence in the electronic security arena,” Richard Baggot, vice president of Diebold’s electronic security and currency systems group, said in a statement. Shortly after the AST buyout, Diebold acquired Antar-Com, an electronic systems integrator based in White Plains, N.Y. With 25 years of experience in the security and access control industry, Antar-Com provides security for ommercial, government and retail markets, employs about 100 people and generated $US27 million in revenue in 2003. “This strategic acquisition allows us to broaden our product and service offerings,” Diebold President and COO Eric C. Evans, said in a statement. “The addition of Antar- Com will enhance Diebold’s proven hardware and software capabilities by providing total integrated security solutions for our customers.”

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Sat
04
Sep
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L-3's Growth Ramps Up

For the 2004 second quarter, sales increased by 36.9 per cent to $US1,680.0 million from sales of $US1,226.9 million for the 2003 second quarter. The increase in sales from acquired businesses was $US279.3 million. Consolidated organic(2) sales growth was 14.2 per cent, or $US173.8 million. Organic sales growth for the company's defence businesses was 13.7 per cent, or $US149.2 million, driven by continued strong demand for secure communications and intelligence, surveillance and reconnaissance systems and products, aircraft modernization and maintenance, training and government services, training devices, guidance, navigation and imaging products and naval power equipment and services. Organic sales for the company's commercial and other non-military businesses increased by 17.4 per cent, or $US24.6 million, primarily due to increased volumes for commercial aviation products and maintenance of security systems.

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Sat
04
Sep
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Tyco Chops Manufacturing Staff

"Tyco will continue to employ over 700 people here locally,” Chris Woodcock, director, marketing communications for SimplexGrinnell, told SSN. Woodcock said the company employs 6,000 throughout Massachusetts and 260,000 worldwide. As a result of the cutbacks, the company will outsource the manufacturing of notification products and smoke detectors but control panels that carry the high-end SimplexGrinnell brand will stay inhouse. Tyco has closed 142 facilities, reduced its staff by 5,300 and gotten out of 17 businesses since announcing it would focus on core business last November. The move has led to negative talk from some market insiders but the company’s balance sheet is starting to look very strong, with earnings up last quarter by 63 per cent compared to the same time in 2003.

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Sat
04
Sep
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Viisage And Siemens Join Up

Mon
30
Aug
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Adt Protects The G8 Summit

The G8 Summit 10, located its temporary staff offices in the King and Prince Resort Hotel on St. Simon Island, a few miles away from the actual G8 Summit meeting held on Sea Island off the coast of Savannah, Georgia. To secure the offices, ADT strategically placed video surveillance cameras in the hotel's stairwells, hallways and entries. Federal Transportation Security Administration's Paul Hackenberry selected ADT for the security project. Hackenberry's regular job is federal security director for the Jacksonville International Airport, but he was tapped to handle the G8-related security not covered by the Secret Service. That made his group responsible for the offices on St. Simon Island and a portion of the motor pool at the summit. "ADT provided us with some very useful technology," said Hackenberry. "It (the system) did its job, within our budget and lowered our manpower requirements."

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Mon
30
Aug
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Identix Wins At Last

DHS previously had awarded the BPA to Identix after the agency had conducted exhaustive evaluations, and subsequent re-evaluations, of all proposals. DHS' evaluations and re-evaluations included detailed analysis of the technical and financial aspects of the various proposed solutions, and resulted in DHS selecting Identix, not once, but twice, as the vendor offering the best overall value for live scan systems. Upon receipt of the ruling by the GAO, DHS lifted the stop work order that had been in place as a result of the protest, and instructed Identix to resume delivery of live scan systems under a previously issued initial purchase order under the BPA.

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Mon
30
Aug
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Honeywell Acquires Vindicator Technologies

Ben Cornett, Honeywell Security president, said in a release that the Vindicator acquisition would extend Honeywell's range of offerings. "Vindicator has very specialized technology, strong expertise and products that protect many of the world's most critical assets," Cornett says. Vindicator becomes part of the Honeywell Access Systems business unit, and while Honeywell will become the main branding, the Vindicator name will remain on the product line descriptions. "It is truly one of those situations that is a triple win for us, the customers and Honeywell. It increases our global presence with our foreign language platform and additional distribution channels," Gross told SSN. "For Honeywell, Vindicator provides a high-end product platform - a platform that has priority level one approvals and a product line that can talk across any communications media."

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Mon
30
Aug
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A100 Million On Ports

The new changes will give Australian ports a number one security ranking for container scanning, enabling ships outward bound to meet the strict regulations being applied by the U.S. to its trading partners. Good news for access and ID suppliers is the stipulation that all workers will have to carry photo ID cards and pass through security checkpoints of the same standard as those in the airline industry. Also appealing to industry suppliers is the news that a whopping $A17 million will be spent installing video surveillance systems at 63 customs designated ports around Australia. Making the announcement, Prime Minister Howard said it was important to be aware that "74 per cent of Australian exports and imports move by ship each year and that (trade) has a total value of $188 billion." The PM said that a total of 244 maritime security plans covering the activities of about 400 maritime industry participants were developed and approved over the last six months.

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