Interface gets $6.9 million

Interface’s RMR up 28 percent year over year
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Wednesday, July 13, 2016

ST. LOUIS—Interface Security Systems has secured $6.9 million in growth capital to be used to “fund growth initiatives and general corporate purposes.”

Contacted by Security Systems News, Interface declined to comment. The publicly traded company is in a “quiet period” before its Q3 financials are released next month.

The company in June announced that it had $10.8 million in RMR in 2015, a 28.2 percent over 2014. It had more than 81,000 customers at the end of 2015.

In a prepared statement, Interface CEO Michael Shaw said the RMR growth was “exclusively accomplished organically."

Interface is a cloud-based managed security services company that provides bundled services for physical and network security, interactive video surveillance and PCI compliance for retail, hospitality and small business customers. Interface has two U.L.-approved CSAA Five Diamond Certified Secure Operations Centers.

In 2014, Interface raised $115 million to fund growth and take on Family Dollar as a customer.

Interface provides services for more than 8,200 Family Dollar stores and 12,000 Dollar General stores.

Interface is a portfolio company of SunTx Capital Partners, a private equity firm based in Dallas.