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. The company went public on October 2, 1997 on the
American Stock Exchange and was delisted in 2002.
Company history
At
IPO in 1997, Securacom listed among its clients
Washington Dulles International Airport,
Hewlett-Packard
The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components ...
,
EDS,
United Airlines,
Gillette
Gillette is an American brand of safety razors and other personal care products including shaving supplies, owned by the multi-national corporation Procter & Gamble (P&G).
Based in Boston, Massachusetts, United States, it was owned by The Gil ...
,
MCI, the
World Trade Center, and other facilities including hospitals, prisons, corporations, utilities, universities.
Marvin Bush, son of former US president
George H. W. Bush
George Herbert Walker BushSince around 2000, he has been usually called George H. W. Bush, Bush Senior, Bush 41 or Bush the Elder to distinguish him from his eldest son, George W. Bush, who served as the 43rd president from 2001 to 2009; pr ...
, and brother to former US president
George W. Bush, served on the board of directors from 1993 to June 2000.
Trademark lawsuit
After the company went public in 1997, Securacom was ordered to change its name, as the result of a 1995 name infringement suit brought by SecuraComm, a smaller Pittsburgh-based consultancy.
The court found a deliberate effort by Securacom to financially "bury" the plaintiff, Ron Libengood, and "take everything he had" by filing a barrage of frivolous arguments against Libengood and his attorneys in multiple jurisdictions. Appellate courts opined that Securacom "tried to prevail by crushing Libengood and his corporation" in a "sweeping attempt to beat a financially weaker opponent through the use of vexatious litigation." The company changed its name to "Stratesec" in 1998.
[
]
Delisting
Stratesec was delisted from the American Stock Exchange in July 2002 due to inability to make financing payments to ES Bankest
Es, ES, or similar may refer to:
Arts and entertainment
* An alternate name for the musical note Eā (E-flat)
* ''E's'', a manga series by Satoru Yuiga
* ''Es'' (film), the German title of ''It'', a 1966 West German film directed by Ulrich Scham ...
, its primary shareholder, and other financial problems.[{{cite news , title=Chantilly firm folds under factoring, publisher=Washington Business Journal, url=http://www.bizjournals.com/washington/stories/2003/09/29/story2.html, date=September 26, 2003, first=Roger, last=Hughlett]
See also
* Kroll Inc. - Securacom sold security-related equipment to the New York Port Authority for the security of the World Trade Center. Securacom's contract for the sale of equipment was terminated in 1998.
References
Companies based in Bergen County, New Jersey
Business services companies established in 1987
Vexatious litigants