SDM Newswire

World Wide Security Seeks to Increase Market Share With Higher Revolving Line of Credit for Acquisitions

World Wide Security, Garden City, N.Y., announced that CapitalSource Bank, a commercial lender and a wholly owned subsidiary of CapitalSource Inc., increased World Wide Security’s revolving line of credit from $5 million to $8 million.

“The increase in the revolving line of credit will help us fund acquisitions. We will be announcing two acquisitions by the end of this year and are in negotiations with four more planned for the first half of 2012,” explained Ken Mara, president and chief executive officer of the company.

Mark Simson, chief financial officer for World Wide Security led the financing for the extension. “The relationship with CapitalSource has been a critical component in facilitating past and present growth of the company. We really appreciate the level in which they understand the business and for the continued support,” Simson said.

World Wide Security provides security solutions through integrated products. Part of the company’s strategy for growth includes penetrating new and existing security markets with enhanced product offerings and influencing purchasing trends through aggressive pricing structures for customers. “We closed this year having had our best year ever. The company also had internal growth in all departments and we anticipate a banner year in 2012 delivering quality security solutions and technology to our clients,” Mara stated.

You must register or login in order to post comments.

Multimedia

Videos

Image Galleries

Green Products and Solutions

Today there are more products than ever that actively provide residential and commercial green solutions, promote sustainability, and offer both environmental and economic benefits for both the security industry and end users alike.

Podcasts

Jamie Qualk, LEED AP BD+C, vice president of SSRCx, shares his thoughts on various forms of renewable energy and how they fit into the overall energy landscape of the U.S.
More Podcasts

Mobile Devices

How important are mobile devices, generally, to your customers' security operations?
See Poll Results Poll Archive

Clear Seas Research

Clear Seas logoWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

THE SDM STORE

SDM 2011 Industry Forecast Study
2011 Industry Forecast Study
The health and viability of the electronic security industry is measured each year through SDM's Industry Forecast Study, conducted annually since 1981.
More Products

STAY CONNECTED

facebookcontact twittercontact  linkedincontact  YouTube icon