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WIKI ANALYSIS
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Broadview Security (formerly known as Brink's Home Security[1]) is the second largest company by revenue to offer alarm monitoring services in North America. The company is a full service provider and it installs services and monitors the security system. It currently has a 1.3m customers in the US and Canada. Residential customers make up of 90% of the install base. In Oct 2008, the company was spun off from Brink’s Corp while the corporate parent focused on its traditional guarding and cash management business.
The market for central station alarm monitoring services grew 7.6% per year over the 2002 ~ 2007 period to USD15.2Bn. However, revenues are projected to advance 3.9% annually through 2012 to $18.4m. Growth in revenues is linked to sales of alarm system and related hardware. 75% of the revenues were generated by residential customers. Demographic movements towards city centres with perceived high crime rates has fueled the increased in sales
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