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Briefs

SSN Staff  - 
09/01/2003

Brink’s shows strong profits for Q2

RICHMOND, Va. - Revenues at Brink’s Home Security rose nine percent to $76.

Microtec earnings, revenues decline

SSN Staff  - 
09/01/2003

SAINT-AUGUSTIN, Quebec - Microtec Enterprises Inc. reported lower revenues from monitoring and services but also reduced expenditures, company officials announced in mid-August.

Alarm firm sued for scamming

ABC Alarm used unethical sales practices, officials said
 - 
09/01/2003

HARTFORD, Conn. - State officials here are suing the two principals of a Milford alarm company on charges that the company bilked its residential alarm customers by installing defective equipment and then billing the customers for services that were never performed.

Alarm company signs largest partnership to date

 - 
08/01/2003

SALT LAKE CITY, Utah - In a deal expected to have a significant impact on company revenues, residential installation company Armed Alert Security has struck an alliance with an IP network services company to become the security piece of that company’s bundled digital services offering.
Through the new partnership with CeriStar, Armed Alert will install, monitor and service residential and small business accounts that are located in residential and commercial communities serviced by CeriStar.

GE Security Pro program gains some muscle

High growth rate projected as GE contributes a renewed focus and deep pockets
 - 
08/01/2003

LAKE TAHOE, Nev. - One of the largest dealer programs by a security product manufacturer, GE Security Pro, plans to get even larger, with expectations of growing to more than 300 installers of residential and small commercial systems within a matter of months and 500 members by the end of 2004.

CEDIA partners with CANASA

SSN Staff  - 
08/01/2003

MARKHAM, Ontario - The association representing Canadian security installers has struck a partnership with the Custom Electronic Design & Installation Association that will result in CEDIA’s presentation of conference sessions at CANASA’s Security Canada trade shows.
Beginning in October at the Security Canada Central International Security Conference and Exposition, CEDIA will present six conference sessions that focus on the custom electronic design of systems.

Eagle to focus on security unit

New division to grow “rapidly” with dealer program
 - 
08/01/2003

HOUSTON - In an effort to capitalize on the company’s recurring revenue model, broadband services company Eagle Broadband has formed a new security division that will streamline the company’s disparate security operations and pave the way for growth.

Through the formation of Eagle Broadband Security Home Division, the company has channeled the sales and installation of its more than 6,000 accounts from several Eagle Broadband companies into a new, single staff of about 20 employees, said Dean Cubley, chairman and chief executive officer of Eagle Broadband.

Briefs

SSN Staff  - 
08/01/2003

Westar completes sale of Pro One Europe

TOPEKA, Kan. - Officials from Westar Energy said in late June that its subsidiary, Westar Industries, had closed the sale of Protection One Europe to two investment funds managed by ABN Amro Capitol France.

Brink’s adds new e-learning tools

 - 
08/01/2003

IRVING, Texas - Brink’s Home Security has incorporated an e-learning program that will enable all of its employees, including central station operators who work the graveyard shift, to take part in the new continuing education courses.

The program was launched to the company’s 2,500 employees a few months ago after a year of work to get a web-based portal and courses online.

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Poll

SSN News Poll October 2020

With the flurry of activity in partnerships and acquisitions recently — ADT partnering with Google to take on the smart home market; Motorola buying Pelco; Johnson Controls acquiring Qolsys; and S3 expanding into Western Virginia — this month’s News Poll looks to gauge the M&A market.