Search Results for: securitas

Securitas Announces New Financial Targets and Stanley Security Update

Following the acquisition of STANLEY Security, that was completed and consolidated into Securitas as of July 22, 2022, the Group has defined new financial targets of 8-10 percent technology & solutions annual average real sales growth, 8 percent Group operating margin by year-end 2025 and a net debt to EBITDA ratio below 3.0x. Securitas will present the strategy and roadmap for the new targets, as well as a trading update for STANLEY Security, at an investor update today at 2.00 p.m. CEST.

Essence Group Partners with Securitas Direct Switzerland for Implementation of MyShield Intruder Prevention Solution

Essence Group announced it has partnered with leading security services provider Securitas Direct Switzerland to pilot the MyShield all-in-one intruder prevention system in the Swiss market. Securitas Direct will test the MyShield solution for mass deployment. Its easy integration with existing security systems will provide an enhanced level of security to residential and commercial users in Switzerland, acting as a ‘first responder’ to force intruders out of premises before they are able to cause harm.

Securitas To Acquire Stanley Security For $3.2B

Stannley Black & Decker today announced it has signed a definitive agreement for the sale of most of its Security assets to Securitas AB for $3.2 billion in cash. The proposed transaction includes Stanley Black& Decker’s Commercial Electronic and Healthcare Security business lines. The businesses carry 2021 forecasted revenues of approximately $1.7 billion with an adjusted EBITDA margin in the low double-digits.

Securitas Acquires Supreme Security Systems in the US

Securitas is acquiring Supreme Security Systems, a top 50 alarm monitoring company in the US. The acquisition increases Securitas’ service capabilities and client offerings in the northeast US and aligns with Securitas’ ambition to double the size of its security solutions and electronic security business by 2023. The purchase price is approximately MUSD 20 (MSEK 180). The acquisition will be accretive to the Group operating margin through its resilient recurring monthly revenue (RMR) portfolio representing more than 70 percent of the revenue.

Securitas Acquires Leading Electronic Security Company in Germany

Securitas has agreed to acquire Protection One. The acquisition will enhance Securitas’ protective services capabilities in Germany and is in line with the Group’s strategy of doubling its security solutions and electronic security sales by 2023. The purchase price is approximately MEUR 72 (MSEK 735) on a debt-free basis. In 2020, Protection One’s annual sales were more than MEUR 33 (MSEK 337), of which over 90 percent were on a recurring monthly revenue basis.

Securitas’ Board of Directors has Resolved to Purchase Own Shares

The Board of Directors of Securitas AB has resolved, pursuant to the authorization granted by the Annual General Meeting held on May 5, 2021, that the company shall acquire own shares of series B on Nasdaq Stockholm. The purpose of the acquisition is to ensure Securitas’ undertakings in respect of share-related or share-based incentive programs (other than delivery of shares to participants of incentive programs), including covering social security costs. The acquisition may commence on June 4, 2021.

Securitas Publishes Annual and Sustainability Report for 2020

Securitas has published The Annual and Sustainability Report 2020 which is now available and can be read and downloaded at Securitas website. There is also a digital and interactive brief version of the Annual and Sustainability Report available. The printed version of the Annual and Sustainability Report 2020 can as of April 9, be ordered from Securitas ordering service on their website.

Jeremy Brecher Appointed Chief Technology Officer Of Securitas North America

Securitas announced that Jeremy Brecher has been promoted to Chief Technology Officer (CTO) and has become a member of the Securitas North America Division Management Team. As CTO, Brecher’s new role will focus on customer‐facing technologies across all business lines in the United States, Canada, and Mexico, including cloud‐based customer portals, data analytics, and artificial intelligence (AI) technologies. He will be championing the development of the next generation cloud, security as a service (SaaS) and managed customer services for Securitas.

Securitas Unveil Tech Team

Securitas has announced the creation of a new specialist team which will play a vital role in driving forward the security firm’s strategy to integrate traditional guarding solutions with evolving technologies. A new technology team —under the direction of Chief Technology Officer (CTO)— brings with it a specialist technical knowledge that didn’t previously exist within the business.

Edge 360 Adds Industry Veterans to Drive Growth and Expand Revenue Streams

Edge360 announced the appointment of two seasoned experts, Bill Hobbs and Chris Ritter. As senior consultants for the Surveill VMS platform, both will leverage their extensive industry knowledge to amplify awareness, supercharge sales, and cultivate new revenue streams. With a 35-year track record in the systems integration and physical security sectors, Hobbs most recently served as the Global Vice President of Sales for the 3xLOGIC and PACOM brands within Securitas.

Physical Security a Top Priority for Campus Security

Campus life, whether elementary, high school, college, or corporate are intended to be secure places where people can learn, grow, and work. Campuses around the world, nevertheless, have seen violent incidents and threats, and it seems to be increasing in recent years. As a result, Campuses must prioritize physical security measures to guarantee the security of their instructors, staff, students, and visitors.

Over 13,000 Registrants Across 85 Countries participated in GSX 2022

Global Security Exchange (GSX) 2022 has concluded at the Georgia World Congress Center in Atlanta, Georgia. Presented by ASIS International, the event offered discussion and idea exchanges for the global security community. Attendance exceeded projections, with more than 13,000 registrants from 85 countries along with more than 400 exhibitors demonstrating the latest security solutions.

Allied Universal Appoints Dan Marston to Lead and Expand Allied Universal Technology Services in Canada

Allied Universal® announces the appointment of Dan Marston as Regional Vice President, Allied Universal Technology Services Canada; further solidifying its place in market as a leading technology security services partner. Allied Universal acquired G4S last year creating the leader in global security services. Prior to joining Allied Universal, Dan Marston served as Regional Sales Director at Telus where he developed a high performing sales team across Eastern Canada.

Essence Group Launches New WeR@Home+ Smart Home Security Solution

Essence Group announced the launch of WeR@Home+, a next generation security and home management platform. Essence is partnering with European security services providers, including Securitas Direct Switzerland, to pilot the new offering. WeR@Home+ leverages state-of-the-art IoT technology to expand Essence Group’s existing WeR@Home
smart home management offering, including connectivity to LTE networks, a new family of connected security devices, and a rich set of reporting and analytics tools for service providers.

Open Systems Hires New Security Experts as it Increases its Share of the Growing Enterprise Market for Security Services

Open Systems announced the appointments of Fredrik Torstenssen and Ric Longenecker as the company’s Chief Revenue Officer and Chief Information Security Officer, respectively. The addition of these executives comes as the company’s service deployments have exceeded 8,000 worldwide and demand continues to grow for its integrated security and networking services, including Open Systems’ Managed Detection and Response (MDR) and Secure Access Service Edge (SASE) services.

Ojo Technology Promotes Vice President and Adds Supervising Project and Operations Managers

Ojo Technology has promoted Chris Krajewski to vice president of sales and services. Ulises (Lou) Ramirez has been hired as the manager for the company’s project management team and Saul Abreu joins the company as operations manager for the Sacramento office.
Krajewski started with the company as the general manager of its Central Valley office located in Stockton, Calif. He was later promoted to vice president of services and will now also take on the role of vice president of sales.

Security & Safety Things Announces Winners of App Challenge

Security and Safety Things GmbH announced the three winners of its App Challenge, a contest designed to promote the development of innovative applications for smart cameras in the retail, manufacturing and transportation sectors. The winning apps provided solutions to help these vertical markets overcome new challenges as a result of COVID-19 conditions. This application provides a way for retailers to discern customer satisfaction through the use of hand gestures and facial expression emojis.

Smarter Security Hires New Sales Executive

Bruce Kutsche joins as the company’s Senior Director of Solution Sales. Kutsche brings valuable security experience and leadership to strategically direct Sales initiatives, delivering smarter solutions that redefine intelligent Access and Entrance Control. Prior to joining Smarter Security, Bruce gained valuable experience within access control and integration, managing national and global account teams with companies such as Sensormatic, Tyco, and ADT.

Security and Safety Things Opens App Challenge for Developers

Security and Safety Things GmbH has launched its App-Challenge, a contest offering developers the chance to present their solutions to leading industry players and compete for 3 x 10000€ in prize money as well as the opportunity to present their winning application on the Security and Safety Things booth at GSX 2020 in September or a similar event depending on the COVID-19 situation. All developed applications will be listed on the company’s open Application Store.

Global Launch of Milestone XProtect VMS with SelectaDNA Forensic Criminal Tagging System

XProtect VMS integration with the SelectaDNA forensic Criminal Tagging System will enhance crime-fighting outcomes of video surveillance systems. The unique, cutting-edge integration combines the functionality of verifiable video date/time stamps and video footage with forensic tagging technology to enhance criminal investigations and ultimately significantly reduce crime – with a focus on burglary, robbery, theft and unauthorized access.