Tag: The PrivateBank and Trust
Vision Security gets new $35m credit facility, new president
April 17, 2013Tess Nacelewicz
LAS VEGAS—Vision Security's new $35 million credit facility will strengthen the company's unique “hybrid” business strategy of being both Security Networks' leading dealer and retaining some accounts in house, according to Vision founder and CEO Rob Harris.“This new credit facility allows us to keep more of the accounts we create,” Harris told Security Systems News at the ISC West show, held here last week. “Whereas in the last few years we've created a lot of...
Vision Security closes $35 million credit facility
April 9, 2013SSN Staff
OREM, Utah—Vision Security, a provider of home automation and monitoring services, recently secured a $35 million syndicated loan transaction with The PrivateBank and Trust, according to a Vision statement.“This is just the beginning of the continued success we anticipate,” Rob Harris, CEO and founder of Vision Security, said in the statement. “Importantly, we were able to retain 100 percent of the equity in the company and we now have critical financing to grow Vision for...