Pittsburgh-based Vector Security Inc. today announced the completion of a new credit facility valued at $225 million, which includes $75 million in new financing, to help fuel the company’s future growth.
Cincinnati Bell Inc. announced the signing of a definitive agreement to sell its Complete Protection security monitoring business to Guardian Alarm Company, Southfield, Mich. Cincinnati Bell will continue to offer Complete Protection services through a marketing agreement with Guardian.
Vivint™, Provo, Utah, a home automation company, announced the first matching period for the Vivint Gives Back Project. During these periods, Vivint will match supporter donations made to the 100 regional finalists of the Vivint Gives Back Project, an online charitable contest. The first matching period starts on July 21 at 12 a.m. (midnight) MDT and runs through 11:59 p.m. MDT on July 22, 2011.
Digital Monitoring Products (DMP), Springfield, Mo., and Atlas Security, North Hollywood, Calif., were recognized by Missouri State University (MSU) in a ceremony held May 5 at the university. Dr. Shawn Strong, department head – Technology and Construction Management, expressed the university’s appreciation for the large, in-kind donation of technology. The university used the donated equipment to create a set of teaching aids that provide students with hands-on experience that will help them to better understand the installation and function of commercial alarm systems.
Reducing unnecessary alarm dispatches requires teamwork from everyone in the security industry. To assist in awarding companies with these high standards, the Security Industry Alarm Coalition (SIAC) and the False Alarm Reduction Association (FARA) welcomed the Installation Quality (IQ) Certification Program as a new sponsor of the Police Dispatch Quality (PDQ) award.
On the afternoon of May 3, 2011, Sonitrol Audio Verification technology delivered real-time audio of a hostile and threatening situation at a Stanley customer’s protected premise to the security monitoring center; which allowed the Baltimore Police to make an apprehension in record time.
The AARP Bulletin and the Nelson County Times, Nelson County, Va., published two different articles in late May warning consumers of frequently reported “security scams” during the summer sales season. The Nelson County Times quoted several law enforcement officers providing tips to differentiate between legitimate salespeople and impersonators, such as asking for proper identification and licensing where applicable. The AARP report added that minimally trained salespeople often use questionable tactics to take over other company’s security customers and upsell systems without revealing extra monitoring or equipment charges, among other scams.