BOCA RATON, Fla.— After a three-year absence, prominent industry figure James Covert has returned to the security business after being named CEO of Honeywell Security Monitoring. Covert, the founder of SecurityLink, disappeared from the industry scene in 2001 after he sold SecurityLink and Cambridge Protection Industries LLC to Tyco in July 2001 for $1 billion in one of the largest transactions in industry history.
Covert joined the security industry in 1987 with the founding of SecurityLink, which he sold to Ameritech in 1994, then bought back with GTCR in 2001 and sold to Tyco.
