Stratesec
From Wikipedia, the free encyclopedia
Stratesec (formerly known as Securacom and Burns and Roe Securacom) was a security company founded in 1987 and based out of Woodcliff Lake, New Jersey.[1] The company went public on October 2, 1997 on the American Stock Exchange[2] but was delisted in 2002.
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[edit] Company history
At IPO in 1997, Securacom listed among its clients Washington Dulles International Airport, Hewlett-Packard, EDS, United Airlines, Gillette, MCI, the World Trade Center, and other facilities including hospitals, prisons, corporations, utilities, universities.[3]
Securacom received a contract to provide (electronic) security services for the World Trade Center in 1996. The contract was ended in 1998, however.[4]
After the company went public in 1997, Securacom was ordered through a court of law, to change its name to Stratesec, due to a name infringement suit.
The company, then known as Stratesec, was delisted from the American Stock Exchange in July 2002 due to inability to make financing payments to ES Bankest, its primary shareholder, and other financial problems.[5]
The head of the company was Wirt Walker.[6] Marvin P. Bush, a younger brother of George W. Bush, was on the board of directors of the company from 1993 to June 2000.[7]
[edit] See also
- Kroll Inc. - responsible for the whole security of the World Trade Center in 2001.
[edit] References
- ^ "Securacom Inc. Announces Pricing of Initial Public Offering", Business Wire, October 2, 1997.
- ^ "Stock Market Watch", CNNFN, October 2, 1997.
- ^ "Securacom, Inc. Initial Public Offering Begins Trading on Amex", PR Newswire, October 2, 1997.
- ^ Margie Burns. "Trimming The Bushes, Family Business at the Watergate", The Washington Spectator, February 15, 2005.
- ^ "Chantilly firm folds under factoring", Washington Business Journal, September 26, 2003.
- ^ Margie Burns. "Alito helped Stratesec", February 26, 2006.
- ^ Margie Burns. "Security, Secrecy and a Bush Brother", The American Reporter, January 20, 2002.
