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Friday, 5 August 2011

Matica Systems acquires majority stake in Digital Identification Systems

Posted on 07:21 by Unknown

Company’s equity stake in Digital Identification Solutions worth more than 25 percent
BY SIW EDITORIAL STAFF
SecurityInfoWatch.com
Updated: 07-21-2011 9:49 am
Digital Identification Solutions, a German-based manufacturer of electronic identification systems, announced recently that card issuing systems maker Matica Systems has become the company’s new majority shareholder.

According to a statement, Matica acquired 509,000 shares from Brockhaus Private Equity and now holds an equity stake in the company worth more than 25 percent.

"I am very pleased that after seven successful years we have succeeded in placing our stake in Digital Identification Solutions into responsible hands," said Marco Brockhaus, founder and managing partner of Brockhaus Private Equity. "To ensure the long-term success of this first-class company, we have always been keen to sell our stake to a strategic investor at the right time."

Matica Systems CEO Sandro Camilleri said that the companies' business models complement each other.

"We are very pleased about our investment," he said. "The business models of Matica and Digital Identification Solutions complement one another extremely well, making this deal a new milestone for our industry."

Background check legislation introduced in Senate

Measure would establish federal background checks for employees of security installation, monitoring companies
BY SIW EDITORIAL STAFF
SecurityInfoWatch.com
Updated: 07-20-2011 9:45 am
Legislation that would establish a system of federal background checks for employers and employees of security installation and monitoring companies has been introduced in the U.S. Senate.

The bill (S. 1319), dubbed the "Electronic Life Safety and Security Systems Federal Background Check Act of 2011," was introduced late last month by Sen. Chuck Schumer (D-NY). Similar legislation was introduced earlier this year in the House by Rep. Blaine Luetkemeyer (R-Mo).

Once the measure is approved and signed into law, the Department of Justice would be responsible for establishing rules and administering the program. Other industries that have been granted similar access include banks, horse and dog racing businesses, the commodity futures trading industry, flight school training companies, private security guard firms, armored car companies, and Indian gaming facilities.

"The introduction of S. 1319 is a major success in this initiative," the Electronic Security Association said in a statement. "ESA would like to especially acknowledge the New York Burglar and Fire Alarm Association for helping to secure Sen. Schumer as a sponsor of this legislation. As a member of the Senate Judiciary Committee, Senator Schumer can help move the legislation through the committee and to the Senate floor for a final vote."

Click here to learn more about the bill or to check on its status.

Cincinnati Bell to unload security monitoring business

Complete Protection to be sold to Guardian Alarm
BY HASEEB ALI
SNL Kagan Media & Communications Report
Updated: 07-20-2011 12:50 pm

Cincinnati Bell Inc. said July 13 that it entered into a definitive agreement to sell its Complete Protection security monitoring business to alarm system management services provider Guardian Alarm Co.

The company did not disclose financial terms of the deal.

"We believe that partnering with Guardian, who has extensive security monitoring experience, will benefit customers as well as shareholders and enhance overall customer satisfaction," Cincinnati Bell CFO Gary Wojtaszek said in a statement.

Cincinnati Bell said it will continue to offer Complete Protection services via a marketing agreement with Guardian Alarm.

Stanley’s bid for Niscayah clears required waiting period

All US antitrust conditions to offer have now been satisfied
BY SIW EDITORIAL STAFF
SecurityInfoWatch.com
Updated: 07-19-2011 3:21 pm
Stanley Black & Decker announced Monday that the mandatory waiting period required under U.S. antitrust law for its offer to acquire the shares of systems integrator Niscayah has expired.

Late last month, Stanley announced a $1.2 billion bid for the company.

According to a statement, all U.S. antitrust conditions to the offer have now been satisfied.

An independent committee established by the board of directors of Niscayah has recommended that the company’s shareholders and warrant holders accept the offer. In addition, Stanley said that Niscayah shareholders representing approximately 19.5 percent of the shares in the company have committed to accept the offer, subject to certain conditions.

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