Niscayah has announced it has been contracted as the preferred electronic security systems partner for facilities under the control of Vaultex UK Limited, the newly established cash handling management company providing services to a number of the UK's leading financial institutions. This is the first contract won by Niscayah Limited, the new name (from 1st June 2008) for the former Bell Security Limited - the UK's leading provider of security systems to the UK retail banking sector.

Arthur Agnew, Chief Operating Officer of Niscayah's Banking UK division, said: "We are delighted to be chosen to provide integrated security solutions to Vaultex across the UK. We have already worked closely to jointly develop innovative solutions to manage risk and enhance security. I am confident that the combined skill and experience of both specialist organisations will drive continuous improvement."