Power Sentry, a division of Fiskar Brands Inc., was acquired this week by Royal Philips Electronics. With $50 million in sales in 2005, Power Sentry ranks number two in the plug-in power surge protector market. Power Sentry held almost eight percent of the overall U.S. surge protector market in 2005, with the global market for the product expected to grow by nine percent annually. Philips Consumer Electronics CEO Rudy Provoost declared, “This acquisition fits Philips’ aim to become a top three global player in the audio-visual, PC and mobility accessory market, builds on our earlier acquisition of U.S. accessories supplier Gemini and allows us to leverage Philips’ global presence to extend Power Sentry’s activities beyond its North American base.”
David Thomas, CEO at Evident, is an accomplished cybersecurity entrepreneur. He has a history of introducing innovative technologies, establishing them in the market, and driving growth – with each early-stage company emerging as the market leader.