COLORADO SPRINGS, Colo. – Bold Perennial has acquired the Texas-based central station software company Security Information & Management Systems Inc. (SIMS Inc.).
With the acquisition, SIMS, a 35-year-old company, will integrate with the Bold Perennial organization and its product lines.
Rod Coles, president of Bold Perennial, said in a statement, “We are very pleased to bring SIMS and their product portfolio into the Bold Perennial family. We believe SIMS Alarm Monitoring software complements our current product lines and plan to continue support and sales of the product. We recognize the trust and value the SIMS team built with their customers and will work hard to continue earning that trust as we embark on this new journey.”
Ken Utley, SIMS founder, expressed a similar sentiment: “We are excited about the opportunities this new venture provides, and are honored to be a part of the industry-leading Bold Perennial organization.”
Utley will remain as a consultant to the organization to provide a smooth transition following the transaction. No other management changes are expected to occur in the immediate future, and the SIMS staff will remain in place in the Texas offices.