Tag: Interface Security Systems

EARTH CITY, Mo.—Interface Security Systems, a provider of managed network, interactive alarm monitoring, video surveillance and business intelligence solutions to distributed enterprises, recently announced a new strategic partnership with OpenEye, a provider of cloud-managed solutions for video security, business intelligence and loss prevention.“Our decision to partner with OpenEye was based on their advanced platform meeting the demands of our enterprise customer base,” Michael...

AUSTIN, Texas—At Security Systems News' third annual Cloud+, held here in late November, four executives addressed the consumerization of cloud—customers' expectation of innovation and services on the consumer level elsewhere in their lives.Steve Van Till, CEO of Brivo and the panel's moderator, pointed out that each of the panelists works directly with end users. Van Till said, “One of the key themes that we're going to be looking at here today is what are they hearing today, what's...

ST. LOUIS and PLANO, Texas—Interface Security Systems on Aug. 3 announced the completion of a $600 million refinancing for a new capital structure that will facilitate strategic growth and expansion, with substantial contributions of new growth equity capital of $125 million from SunTx Capital Partners and Prudential Capital Partners.Pursuant to the $600 million refinancing, the company's existing debt—including the $50 million Capital One revolving credit facility, the $230 million senior...

EARTH CITY, Mo.—Interface Security Systems Holdings Inc., a national provider of cloud-based managed network services and security systems for retail, commercial and small business customers, is remodeling its command center in Plano, Texas, to meet the expanding needs of its growing clientele.“Our command center in Plano, Texas, is where we have an emphasis on interactive video surveillance services and we increased its size by more than 150 percent to handle the growth in that business,”...

YARMOUTH, Maine—As cybersecurity becomes a common topic of conversation among physical security systems installers, Security Systems News asked its readers whether they're concerned about cybersecurity threats and what their companies are doing to safeguard themselves and their customers.Jeff Frye, Interface Security Systems VP, says that there are multiple reasons to be concerned with cybersecurity. “Internet of Things devices raise new threats. Many manufacturers lack a security practice....

ST. LOUIS—Systems integrator Interface Security Systems (ISS) is more than halfway through a technology makeover for all of Family Dollar's 8,200 retail store locations.“It's a big deal for us, and it's the widest array of services we've ever sold to a single customer, and that's compounded by the number of locations Family Dollar has,” ISS VP Jeff Frye told Security Systems News. Frye declined to reveal specific revenue figures.The “Flat Rate Managed Services Project”...

YARMOUTH, Maine—Like many elements of the competitive and warp-speed security industry, network operations centers have different meanings for different players in different roles.One industry expert says a true NOC has limited presence in the security industry, while another applies a broader definition of NOCs.It's easy to define what a NOC is not. It's not a central monitoring station, and it's not a security operations center. But if it quacks like a duck and waddles like a duck, is it...

ST. LOUIS—Interface Security Systems, an integrator that offers physical security with managed network solutions in a bundled service, has raised $115 million to fund growth that includes adding an important new retail customer.“Unlike the $230 million bond that we completed in January, that was substantially a refi, … this latest financing is truly growth capital,” Interface CEO Michael Shaw told Security Systems News on June 2.Shaw said he could not name the major new customer...

NEWTOWN SQUARE, Pa.—Alarm Capital Alliance had a robust 2013, with RMR growing nearly 14 percent and gross revenues by about 23 percent. Now, its purchase of Interface Security Systems' Hawk Security adds immediate growth for 2014 and gives the company a new strategic position in Texas that promises even more.“I just grew the entire company 20 percent over night with this deal,” Amy Kothari, president and CEO of ACA, which is based here, told Security Systems News. Terms of the...

ST. LOUIS—Interface Security Systems, based here, last week completed a $230 million bond deal and also secured a new $45 million revolver from Capital One. Imperial Capital was the “sole bookrunner” for the bond deal and advised Interface on the revolving line of credit.The new capital “enabled Interface to pay off all of its existing debt [and will fund future growth],” John Mack, managing director of Imperial Capital, told Security Systems News.The $230 million is...