Tag: Security Systems News.

Honeywell today named Inder Reddy president of Honeywell Security Products Americas.  Reddy succeeds Scott Harkins, who accepted a new role within Honeywell in June. inder.reddy_.jpg Honeywell Security Products Americas is a provider of intrusion, access control and video surveillance technologies. Reddy is out of the office all of this week, but Honeywell has promised me an interview in the next couple of weeks. Reddy joined Honeywell in 2010 and most recently served as VP of global...

ST. LOUIS—Interface Security Systems, an integrator that offers physical security with managed network solutions in a bundled service, has raised $115 million to fund growth that includes adding an important new retail customer.“Unlike the $230 million bond that we completed in January, that was substantially a refi, … this latest financing is truly growth capital,” Interface CEO Michael Shaw told Security Systems News on June 2.Shaw said he could not name the major new customer...

Whenever a big company in the industry sells, there's interest in the specific metrics of the deal. I called Jeff Kessler at Imperial Capital to talk about the pending sale of Vivint to the largest private equity group in the country, Blackstone and the numbers. It's not every day there's a $2 billion deal in the security industry. While Kessler has high praise for Vivint, he says that certain metrics are not as off-the-charts as one might think, at least according to his calculations. Kessler pointed...