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.