October 22, 2016 8:05 AM ET

Electronic Equipment, Instruments and Components

Company Overview of Magal Security Systems Ltd.

Company Overview

Magal Security Systems Ltd. develops, manufactures, and sells safety, security, site management, and intelligence gathering and compilation of physical and cyber solutions and products worldwide. It operates through three segments: Perimeter Products, Turnkey Projects, and Cyber Security. The company offers perimeter security products that enable customers to monitor, limit, and control access by unauthorized personnel to specific regions or areas. Its perimeter security systems include hybrid perimeter intrusion detection systems with physical barrier; fence mounted vibration detection systems; detection grids, gates, and fences to protect water passages, VIP residences, and other outdoor a...

Industrial Zone

PO Box 70

Yehud,  5610001


Founded in 1965

328 Employees


972 3 539 1444

Key Executives for Magal Security Systems Ltd.

Chief Executive Officer and President
Age: 43
Total Annual Compensation: $190.3K
Senior Vice President of Marketing and Business Development
Age: 65
Total Annual Compensation: $302.2K
Compensation as of Fiscal Year 2015.

Magal Security Systems Ltd. Key Developments

Magal Security Systems Ltd. Announces Release of New Video Management Software & Expansion

Magal Security Systems Ltd. announced the release the latest version of its VMS (video management software) known as Aimetis Symphony 7. The Aimetis Symphony 7 is an all-in-one solution for video management, analytics and alarm management, offering seamless integration for video surveillance deployments of all sizes. Developed by Magal's intelligent video analytics subsidiary, this new edition offers native facial recognition video analytics suited for securing facilities with an additional layer of protection for access control, as well as real-time detection of persons of interest.

Magal Security Systems Ltd. Announces Executive Changes

Magal Security Systems Ltd. announced that Mr. Kobi Vinokur has been appointed as CFO of the Company. Mr. Vinokur will replace Mr. Ilan Ovadia, who has been Magal's CFO since 2009. Mr. Vinokur is expected to replace Mr. Ovadia following a transition period. Mr. Vinokur joins Magal following a successful career in finance leadership roles at various global organizations. Mr. Vinokur previously served for three years as Chief Financial Officer of Miya (Arison Group). Prior to that, Mr. Vinokur served in several key leadership positions at Brink's Company logistics, including Chief Financial Officer - Developing Markets division, Director of Procurement - EMEA division and Director of Finance - Global Services division. Prior to his career with Brink's, Mr. Vinokur served as an Executive Director at Shapira Films, as well as a Head of Treasury at the Ministry of Defence of Israel.

Magal Security Systems Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Magal Security Systems Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenue of $15,697,000 against $13,629,000 a year ago. Operating income was $1,374,000 against operating loss of $2,227,000 a year ago. Income before income taxes was $445,000 against loss before income taxes of $1,924,000 a year ago. Net income attributable to shareholders' was $190,000 or $0.01 basic and diluted per share against net loss attributable to shareholders' of $2,012,000 or $0.12 basic and diluted per share a year ago. For the six months, the company reported revenue of $27,455,000 against $26,232,000 a year ago. Operating income was $179,000 against operating loss of $1,604,000 a year ago. Loss before income taxes was $75,000 against $2,160,000 a year ago. Net loss attributable to shareholders' was $260,000 or $0.02 basic and diluted per share against $2,488,000 or $0.15 basic and diluted per share a year ago.

Similar Private Companies By Industry

Company Name Region
2BePresent Ltd. Middle East/Africa
360 Management Group Inc. Middle East/Africa
3DSignals Ltd. Middle East/Africa
AccuBeat Ltd. Middle East/Africa
Active Cool Ltd. Middle East/Africa

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Magal Security Systems Ltd., please visit www.magal-s3.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.