Tag: Sean Forrest
Iverify acquires Checkview
April 1, 2015Martha Entwistle
CHARLOTTE, N.C.—Video monitoring company Iverify doubled the size of its business with the March 26 acquisition of Checkview, a provider of loss prevention and security services for national accounts.The deal includes 170 new employees, bringing Iverify's employee count to almost 500. It adds a monitoring station in Minnesota. It also expands Iverify's reach into Canada, as Checkview has a Toronto office and employees throughout Canada.The acquisition also brings Checkview new technology capabilities....
Market Trends: Audio-video monitoring on the rise, with cautious approach
October 15, 2014Kenneth Z. Chutchian
YARMOUTH, Maine—There are good reasons for the inclusion of audio applications in video monitoring—just as there are reasons for hesitation on the part of integrators and end users.While that hesitation (some call it trepidation) is not going to fade significantly in the near future, there seems to be a consensus among industry insiders that predictions of increased utilization of audio surveillance functions are, on the whole, accurate.Earlier this year Security Systems News reported...
Securitas gets into electronic security; Iverify doubles in size
June 4, 2014Martha Entwistle
In two separate, but related transactions, Securitas is getting into electronic security and Iverify is nearly doubling in size and adding new capabilities.
Guarding giant Securitas is making a concerted move into electronic security and “integrated guarding” with the purchase, announced June 2, of a 24 percent stake in remote monitoring firm Iverify. In a related move also announced Monday, Iverify bought 100 percent of the shares of commercial security and fire company TransAlarm. Iverify...
Forrest is new Iverify CEO
March 26, 2014Martha Entwistle
CHARLOTTE, N.C.—In addition to adding new customers, Sean Forrest, the newly named CEO of Iverify, sees an immediate opportunity to offer more services to existing customers.Iverify is a full-service security company that specializes in the design, installation and service of fully integrated video monitoring systems for national account customers. However, it also offers a variety of other video services, intrusion and access control.“A lot of people in the industry refer to video as...
Pinnacle has new $275m financing package
March 24, 2011Tess Nacelewicz
OREM, Utah—Pinnacle Security announced today that it has closed on a new financing package that is one of the largest credit facilities in the industry.
“It's a $275 million financing package that refinances existing debt and provides for several years of growth capital,” Sean Forrest, CFO of the major summer sales model security company, which is based here, told Security Systems News.
The deal includes an “opportunity for expansion to $400 million as the company grows,”...