Checkpoint Sells Off Access Control Division
THOROFARE, N.J. — A company that has been looking into a new business opportunity since selling off its Internet music download business has found harmony in the security industry by purchasing Checkpoint Systems’ access control division.
L Q Corp., formerly known as Liquid Audio, has purchased the access control portion of Checkpoint for undisclosed terms and is renaming it Sielox LLC. Checkpoint will continue to manufacture its RFID and tagging products, as well as its CCTV and burglar/fire alarm offerings.
Sielox will retain key technical, sales, engineering and marketing personnel from Checkpoint Systems’ Access Control Products group and will continue to manufacture the Pinnacle access control software.
L Q President and CEO William Fox — who served as senior executive vice president of cosmetics-maker Revlon before helping found L Q — said the former Checkpoint Systems will form the foundation of his company’s aggressive entry into the electronic security industry.
“We felt it was an opportunity where we could add value as well as the fact of security being so much on the minds of Americans. Security was an opportunity we found was appropriate and opportunistic,” Fox told SSI, adding he wants to expand Sielox’s consumer base beyond its traditional retail clientele. “An access control company needs to have a customer base much broader that retail. The more typical application will be office buildings, pharmaceutical, government, hospitals, universities and dormitories.”
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