The team's level of play?the Men's Over 45 division?discredits the notion that when you grow older you lose competitive spirit or ability. While many sponsors of their size prefer to back major sporting events because of audience recognition, Vector's sports sponsorship program includes the role of community based sports. Mike Grady, Senior Vice President of Vector Security says "In addition to sponsoring Busch Series NASCAR and other Tennis and Skiing events, sponsoring this team allows us to help prove just how much they could accomplish. We look at sports sponsorships in much the same way we do our business philosophy. The prominence of a sport or its number of fans matters less to us than our ability to help talented amateurs and professionals make their dreams come true." Go team!
PSA appoints Dave Homet to the position of new business development officer...Compass Technologies names John Finamore to vice president, sales for access control and security management systems...IPIX Corporation announces that Clara M. Conti is named president and chief executive officer. She brings with her over 20 years of experience in the information technology field, and served, most recently, as president and chief executive officer of ObjectVideo...Security industry veteran Joe Cappelletti is making a return after a two year absence and the expiration of a non-compete agreement with Ademco Distribution, Inc. (ADI), a division of Honeywell, Inc., to lead Global ePoint's Digital Technology Group. Cappelletti served as Vice President of Sales for, and later, President, of ADI. Global ePoint was built by computer industry veterans who have teamed with leading security experts to develop the next generation of security technology solutions...SecurityNet member Videotronix Inc. appoints Bryan W. Viau to vice president of business development....Rusty Vernon is named senior sales representative, government sales, for Panasonic Security Systems' line of video surveillance and security products. He will be located in Washington. D.C. ...Adams Rite Manufacturing Co. names Kevin Hamilton Group Director of its Architectural Hardware Group (AHG). The company is reorganizing its AHG to include customers and products of both Markar Architectural Products, Inc. and Adams Rite North America. Adams Rite acquired Markar Architectural Products in 2002...Monitronics Int'l hires Hank Groff as the National Manager of Sales Training. He will lead the company's new Authorized Dealer Sales Training Program...AES Corporation announces the addition of three new staff members. Beth Ann Robinson is named Inside Sales Representative for alarm products; Larry Shaver is a worldwide Technical Support Engineer; and Jim Vithanage is named international sales manager for Europe, Middle East, Asia and Africa for AES Corporation...Scott Schafer is named to the newly created position of Senior Vice President, Marketing and North America Sales for Pelco...SDi appoints Margie Bogdan as its Western Regional Accounts Manager for North America. and Wendy Lawson as its Central Regional Accounts Manager for North America.
Edwards is Acquired
GE Infrastructure, a unit of General Electric Company (NYSE: GE), subject to regulatory approvals, will acquire Edwards Systems Technology (EST), the fire detection systems business of SPX Corporation (NYSE: SPW) for $1.395 billion in an all-cash transaction." By combining Edwards' technology and channel strength with the broader security offerings of GE, we can now offer an integrated facility management solution. This represents a new, $10 billion industry opportunity. We see significant revenue and cost synergies with this combination, and expect the acquisition to be accretive to GE's 2005 earnings," says Bill Woodburn, President and CEO of GE Infrastructure. GE's acquisition of Edwards is significant because fire detection systems are the only security devices that are required as part of the building specification in new construction projects. Consequently, fire detection systems play a central role in the design and specification of overall security systems. For more information, visit www.gesecurity.com.