|By Business Wire||
|June 13, 2014 06:03 AM EDT||
STANLEY Security and 3xLOGIC, Inc., today announced a definitive agreement where 3xLOGIC will assume ownership of research and development, technical support and certain marketing activities for products developed under the Sonitrol® brand. The focus of the transaction will be to bring the combined strengths of 3xLOGIC and STANLEY Security to the development and delivery of innovative Sonitrol-branded products. In addition 3xLOGIC, Inc. will take ownership of the operations at the Orlando, Florida, Sonitrol facility. The agreements forming the relationship went into effect as of June 1, 2014.
The partnership further enhances 3xLOGIC’s reach and influence in the security industry, bringing 3xLOGIC’s innovative video verification and unrivaled mobile capabilities to complement the industry-leading audio alarm verification brand, Sonitrol, and its global network of franchisees.
“Sonitrol recently celebrated 50 years dedicated to verified security solutions,” says Matthew Kushner, 3xLOGIC’s CEO. “Their unprecedented success is built upon a foundation provided by their patented audio verification capabilities, long recognized as the pinnacle in the industry. Yet, as the complexity of security solutions expands, adding video verification and anywhere, anytime access will enable the Sonitrol network to better address the ever-changing marketplace they confront.”
“STANLEY Security is excited to bring together such an elite partnership. The modular, scalable security solutions, including the industry leading audio verification technology that Sonitrol can bring to the table, paired with 3XLOGIC’s distinctive video analytics will create a new niche in the security market,” says Jeremy Morton, STANLEY Security’s VP of Software & Controls.
For more than 15 years, 3xLOGIC has been providing intelligent video surveillance solutions bringing high-definition video and relevant business data together in a visually consumable way. Seamlessly integrating audio data, video data and transactional data, 3xLOGIC employs the latest advances in intelligent video analytics, delivering relevant, useful business intelligence when you need it, where you need it. Companies are able to track and improve on metrics that directly impact the success of their business. Leveraging 3xLOGIC’s exclusive RapidStream™ Technology, users are ensured access to this data anytime, anywhere—even in low bandwidth situations. For more information about 3xLOGIC’s intelligent video surveillance solutions, or to learn more about becoming a 3xLOGIC Authorized Partner, visit www.3xlogic.com or call (877) 3XLOGIC or (877) 395-6442.
About STANLEY Security
STANLEY Security, a division of Stanley Black & Decker, is a provider of integrated security solutions defining the future of the security industry. STANLEY delivers a comprehensive suite of security products, software and integrated systems with a strong emphasis on service. STANLEY is powered by a culture of continuous innovation, providing revolutionary technology and unmatched customer service to commercial, institutional and industrial businesses and organizations. As one of the world's largest and most comprehensive security providers, we're protecting what's important to you by designing, an extensive array of products and solutions that span the entire security spectrum. For more information, visit www.stanleysecurity.com or call 855-5-STANLEY.
Note: In July of 2008, Stanley Convergent Security Solutions, Inc. [a subsidiary of Stanley Black & Decker, Inc. (NYSE: SWK) (f/k/a The Stanley Works)] headquartered in Naperville, Illinois, purchased all shares and equity of Sonitrol Corporation, Inc. along with the rights of the Sonitrol brand as the Sonitrol franchisor. The acquisition included a Sonitrol corporate customer base of approximately 55,000 accounts. The acquisition of Sonitrol Corporation by Stanley CSS did not include the independent Sonitrol franchise businesses. These businesses act independently, being solely owned and operated as Sonitrol franchises across North America. The independent franchises provide Sonitrol security products and solutions, including Sonitrol access control and Sonitrol audio verification intrusion protection in their designated territories. Although Stanley CSS and its franchise partners are separate entities, we all share the common goal of promoting and providing Sonitrol products and services across North America. In some markets Stanley CSS operates its own corporately owned branch offices; but in locations where an authorized Sonitrol franchise also operates – you can only purchase Sonitrol products and services through the franchise.
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