PASADENA, Calif.—ADT came out a winner over one of its business clients in a recent court decision here, and the finding carries implications for other security directors who oversee contracts with security providers.
FORT MYERS, Fla.— Robert Hile, an industry veteran who most recently led the security division of Siemens Building Technology group, has been named CEO of Integrated Fire and Security Solutions, an independent integrator based here.
BOCA RATON, Fla.—Tyco is making progress in its planned split into three independent publicly traded companies. On March 28, the first day of ISC West, the company announced that it is rebranding ADT's North American commercial security business as Tyco Integrated Security.
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.
HOLLYWOOD, Fla.—Devcon Security has a new CEO—its second in nearly three weeks.
Golden Gate Capital, which owns Devcon Security, announced this week that Steve Hafen, formerly COO at Pinnacle Security, is now CEO of Devcon, a super-regional based here.
The announcement is a dramatic reversal of one Golden Gate made on Feb. 29, in which it announced that former Protection 1 CEO Richard Ginsburg had been chosen as Devcon’s new CEO.
HOUSTON—A new patent and a just-closed $2 million deal with the San Francisco Municipal Transportation Agency is proof that BRS Labs is doing something “truly unique” that the marketplace will value, John Frazzini, president of BRS Labs, told Security Systems News, sister publication to Security Systems News.