BOSTON—BV Investment Partners, a private equity firm based here, is the new owner of DTT Surveillance, a provider of managed surveillance and business intelligence to the restaurant and hospitality industries, following a recapitalization announced March 15. The deal includes a $40 million credit from Capiltal One Bank.
NEW YORK—Senator Charles Schumer used his political soapbox this week to warn consumers of gift card fraud during the holiday season and to ask retailers to take the issue more seriously and protect the cards from tampering while they're in stores.
EAU CLAIRE, Wis.—Within the past year, Scott Knepper has purchased six struggling Cold Stone Creamery franchises in Wisconsin. In each case, the first thing he did was invest in a new surveillance system.
YARMOUTH, Maine–For its first 32 years, Garden Fresh Restaurant Corp. didn't give much attention to asset protection within its buffet-style restaurant chain. As a result, employee theft was widespread.
CHARLOTTE, N.C.—Family Dollar stores around the nation will soon be protected by third-party monitored video, a move that is intended to reduce shrink and replace guard services for the retailer. At the end of April, Iverify announced it won a five-year contract valued at $39 million to provide video monitoring services to 529 Family Dollar stores, nationwide.
DALLAS—To make it easier for end users to understand and adopt security solutions specific to their needs, John Kenning, president of ADT North America Commercial, announced at ASIS Oct. 12 that the “verticalization” of the commercial business is nearing completion. He also announced the creation of a new Integrated Solutions Center for end users.