In what may be a first for security systems integrators, Interface Security Systems purchased a firm that owned a private nationwide IP network. The acquisition of Loss Prevention Management Inc. (LPM), an integration and network services firm based in Albuquerque, N.M., brings a high-speed IP aggregation network designed to provide secure network applications.
LPM has used the network to deliver such services as credit authorization, video surveillance, point of sale data, IP telephony and access control. LPM has used the network and integration experience to strengthen its position in offering IP-based video surveillance to such markets as the gaming industry as well as hospitality facilities.
Interface purchased 100 percent of LPM's stock, but the value of the acquisition was not disclosed. LPM's IP network will become a part of Interface's own Secure Operations Center. LPM's Robert Aranda, the company's CEO, said the addition of a nationwide IP network gives existing and potential customers an advantage in services.
"Our private IP network allows us to exceed the service levels of our competitors who are still subject to the best efforts and security flaws of the public internet," said Aranda.
According to Michael Shaw, CEO of Interface, the acquisition of LPM not only gives the company a private nationwide IP network, but it also expands the firm into the world of network managed services, which he says will expand into a $41 billion industry by 2009.