Subscriber Discussion

Securitas Agrees To Acquire Kratos Public Safety And Security Division

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Dori Ribak
Feb 28, 2018
RBtec Perimeter Security Systems
(1)
(1)
U
Undisclosed
Mar 01, 2018

Kratos is 400 people?  And Convergint is 3400 (per their web site?)  Is 400 "large"?

 

JH
John Honovich
Mar 02, 2018
IPVM

For an integrator, 400 people is large. I think a 100 person integrator is large.

For reference, we did a poll 2 years ago and more than 80% said $50 million or less would be considered a large integrator:

And Kratos security has revenue of $135 million, so on that scale, they are super large.

Btw, the valuation was pretty poor at 0.5x revenue which implies low profitability and low growth expectations for that business.

LJ
Lee Jones
Mar 02, 2018
Support Services Group

Securitas has an advantage in the US… if they apply it. They can provide single source, end-to-end private security for their customers. SALES-INSTALLATION-SERVICE-MONITORING-RESPONSE. Key word… RESPONSE, the difference between “deterrent” security and “defensive” security.  Private response also allows for a variety of add-on RMR.  Source: Lee Jones; Support Services Group; leessg@att.net

(2)
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Ari Erenthal
Mar 02, 2018
Chesapeake & Midlantic

Provident does well for themselves offering that kind of service in and around Vancouver CA. They install, monitor, and respond to all their own systems. 

U
Undisclosed
Mar 02, 2018

not much separation of duties there.  please don't tell me they self-audit too.  and by the way even if I'm impressed by the light bar on the KIA marked ALARM RESPONSE, I expect the installer to not be mounting vulnerable swill on my network...

 

UI
Undisclosed Integrator #1
Mar 02, 2018

Might be a move to keep up with G4S or pass them?  Securitas bought Diebold's electronic security division about a year ago.  Who will Allied Universal buy?

UI
Undisclosed Integrator #2
Mar 02, 2018

Securadyne?  Who's left to buy?

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