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Court decision favors ADT over client, carries implications for security managers

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05/07/2012

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.

Former Siemens security exec takes reins at Florida integrator

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05/07/2012

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.

UTC sells fire and security branches to Comvest Investment Partners

Former ADT President Mike Snyder and former GE Security President Dean Seavers to run new business, Red Hawk Fire & Security U.S.
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04/16/2012

FARMINGTON, Conn.—Comvest Investment Partners on April 10 acquired the security and fire branch operations of UTC Climate, Controls & Security.

The old L-1 morphs into MorphoTrust

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04/09/2012

BILLERICA, Mass.—L-1 Identity Solutions, acquired last year by international conglomerate Safran, has been reorganized and in February was reintroduced as U.S.-focused MorphoTrust.

Interface Security Systems buys Westec Intelligent Surveillance

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04/02/2012

LAS VEGAS—Interface Security Systems a St. Louis-based integrator, acquired Westec Intelligent Surveillance, Jeffrey Frye, Interface VP sales and marketing told Security Systems News on March 28.

Best new security products honored at ISC West

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04/02/2012

LAS VEGAS, Nev.—The Security Industry Association handed out awards for the best new security technology products at last week's ISC West.

ADT Commercial Security is now Tyco Integrated Security

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04/02/2012

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.

Private equity firm acquires DTT Surveillance

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03/26/2012

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.

Shake-up at Devcon: Hafen replaces Ginsburg as CEO

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03/26/2012

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.

BRS Labs lands patent, $2m transportation deal

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03/15/2012

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.

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