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Sensormatic history
Sensormatic company history timeline
In 1967 the two took on James Rogers, a former union official, as a third partner and began marketing their product.
In 1970, with the fear of bankruptcy hanging over his head, Assaf moved the company to Deerfield Beach, Florida, where he set up Sensormatic's first manufacturing operations.
1973 marked the company's first profitable year: sales were $3.8 million and earnings were $191,000.
By 1977, sales were $7.7 million.
Nevertheless, shoplifting cost an estimated $26 billion in lost revenues in the United States in 1981, and retailers were beginning to find that systems such as Sensormatic's not only helped prevent shoplifting by as much as 70 percent but might also reduce theft by in-store personnel.
By 1984, however, Sensormatic's impressive growth had stalled.
In 1993 Sensormatic purchased its largest European rival, Automated Loss Prevention Systems, a top manufacturer of electronic article surveillance and close-circuit television systems.
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Sensormatic competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Alpha Technology | 1956 | $62.0M | 20 | 47 |
| Solid State | - | $2.4M | 25 | 6 |
| Ashtech | 1987 | $22.0M | 200 | - |
| Parata Systems | 2001 | $75.0M | 100 | - |
| Vision Systems Inc | - | $13.0M | 100 | 2 |
| CODONICS | 1982 | $20.0M | 200 | - |
| Tyco Retail Solutions | 1999 | $120.0M | 7,500 | - |
| Millennium Technologies, LLC | - | $12.0M | 100 | - |
| Retail | 1984 | $1.1M | 5 | - |
| Advanced Micro-Electronics Inc. | - | $6.4M | 100 | - |
Sensormatic history FAQs
Zippia gives an in-depth look into the details of Sensormatic, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Sensormatic. The employee data is based on information from people who have self-reported their past or current employments at Sensormatic. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Sensormatic. The data presented on this page does not represent the view of Sensormatic and its employees or that of Zippia.
Sensormatic may also be known as or be related to Sensormatic, Sensormatic Electronics, Sensormatic Electronics LLC, Sensormatic Electronics, LLC and Sensormatic International Inc.