Tag: security acquisition

COLUMBUS, Ohio—Systems integrator Xentry Systems expects to hit $25 million to $27 million in revenue in 2014, thanks in part to the acquisition, announced May 21, of Acree Daily Integrated Systems, an integrator based here.“Our management vision is to build this big,” Matrix Systems CEO Holly Tsourides told Security Systems News. “Everything we do now—hiring talent, with our capital structure, [improving systems such as] bringing in a new ERP—[is so] we have room...

Updated 2/13/14 Identity solution provider HID this week made its second purchase in a month, buying fingerprint biometric provider Lumidigm.In January,  HID announced that it had purchased IdenTrust, a provider of digital identities. The Albuquerque Journal is reporting that HID paid more than $60 million for the biometric company. Through a spokesperson HID said that because this is a "private transaction" the company would not comment on the purchase price. I was not able to speak to Jeff Kessler...

NEW BRITAIN, Conn.—Stanley Black & Decker, parent company of Stanley CSS, announced June 27 that it made a $1.2 billion all-cash bid for commercial security integrator and monitoring company Niscayah. The bid is supported by the Niscayah board of directors, which announced it unanimously recommends that shareholders accept the public offer. The $1.2 billion offering price is higher than the $907 million stock bid made by guarding giant Securitas, which is based in Sweden and is the former parent...