SecurityWorldMarket

26/07/2007

Interface security systems acquires Loss prevention management Inc.

Earth City, MO (USA)

Interface security systems LLC has completed a transaction in which it purchased 100% of the stock of Loss prevention management Inc., ("LPM") headquartered in Albuquerque, New Mexico. Details of the transaction are being kept confidential by mutual consent of the parties.

LPM is a 'Managed network services' and IP integration company, combining wide area network expertise with the integration of voice, data, video and physical security applications. LPM manages and monitors its own nationwide high speed IP aggregation network that can deliver secure internet protocol (IP) applications such as credit authorization, video surveillance, point of sale aggregation, IP telephony and access control. LPM is also a significant player in the IP Video Surveillance Market and is currently established in several high growth vertical markets, including the gaming and hospitality industry.

"Our investment in LPM represents a ground breaking and first-to-market strategic combination that positions interface as a front runner in the "convergence" of physical and logical security technologies that is redefining the role of system integrators in the commercial sector" says Michael Shaw, chief executive officer of Interface "We see the business landscape changing, with the market for IP based security and building control integration reaching $118 billion and still growing while managed network services is projected to become a $41 billion business by 2009. Other security system integrators are scrambling to form strategic alliances with IP savvy companies in hopes of meeting changing customer demands, meanwhile our company is now uniquely positioned as a single source IP Integrator, capable of delivering a broad range of solutions in this rapidly expanding market"

"We've created an organization capable of integrating, managing and monitoring IP applications anywhere in North America," says Robert Aranda, CEO, LPM "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. The merger with Interface produces the first national footprint IP enabled security integrator, bringing VoIP, IP Video and secure internet data into the market as a single source provider. We believe our newly combined entity will be the 'benchmark' for all security providers to follow, as we set the standard to transform the security and communication industry"

"The merger feels good", says Aranda, "our management philosophies and operating standards coincide with each other, providing a stable growth environment for our shareholders, employees and customers by adhering to the core values of honesty, integrity and quality"



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