Electronic Equipment, Instruments and Components
Company Overview of Magal Security Systems Ltd.
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...
PO Box 70
Founded in 1965
Key Executives for Magal Security Systems Ltd.
Chief Executive Officer and President
Total Annual Compensation: $190.3K
Senior Vice President of Marketing and Business Development
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
Oct 18 16
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
Sep 6 16
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
Aug 31 16
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
Recent Private Companies Transactions
|No transactions available in the past 12 months.|