CSAA Signals
Vol.
10, No. 6 —May 6, 2004
440 Maple Avenue East, Suite 201, Vienna, VA 22180
703-242-4670; Fax 703-242-4675
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CSAA Signals
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Table of Contents
Honeywell
Security Monitoring to be Sold Honeywell International announced yesterday the sale of Honeywell Security Monitoring to GTCR Fund VIII, L.P. for $315.5 million in cash. The business will operate as an independent entity following the closing of the transaction. The transaction, which is subject to regulatory approval, is expected to be completed by the end of June. Founded in 1980 and based in Chicago, GTCR Golder Rauner is a private equity investment firm. It currently manages more than $6 billion of equity capital invested in a wide range of companies and industries. CSAA Announces the Creation of a Technical Resource Council CSAA is pleased to announce the creation of the CSAA Technical Resource Council. The purpose of this Council is to research future technologies that will either have a direct impact on the alarm industry or that can be useful to the alarm industry. However, its focus will be far different from previous attempts to identify “emerging technologies”. “Technologies exist outside of our industry that need to be identified so that our industry will be better placed to protect our customers, reduce false alarms and enhance our businesses” said the newly appointed Chairman of the Council, Lou Fiore, President L.T. Fiore, Inc. “I am honored to be selected to chair this important initiative.” It is the mission of the Council to reach out to the public sector, as well as academia and other research facilities to identify these products, services and opportunities at a relatively early stage so that the alarm industry may have input at the development stage and then be able to migrate these technologies into the security industry. The Committee will also help to develop future needs strategies, identify trends and bring new opportunities to acquire technologies that will bring new and appropriate sources of revenue to the alarm industry. Please address inquiries to Lou Fiore at ltfiore@aol.com. CSAA recently posted its revised Enhanced Verification Standard (CS-V-01) on its Web site, www.csaaul.org. Public comment period is from April 30 to June 14, 2004 after which point any comments will be answered. All comments are to be directed to communications@csaaul.org. It is our hope that the standard will be approved at the SISC meeting in November and be on its way to becoming an ANSI-approved standard. 2004 Annual Meeting Information Now Available CSAA's 2004 Annual Meeting will take place October 22-27, 2004 at the Westin Resort & Villas in St. John, USVI. Visit the 2004 Annual Meeting section for the preliminary schedule of events, the meeting registration form and additional information about the meeting. Some of the 2004 NAMTSE overheads are now posted on-line. More will be posted shortly. To access the overheads, click on the appropriate link at www.csaaul.org |
