St. Louis, MO, March 27, 2012 — Interface Security Systems, LLC has completed a merger transaction with Westec Intelligent Surveillance, Inc. Westec, based in Coppell, Texas, is the nation?s largest full-service video surveillance monitoring provider offering cutting edge interactive monitored video solutions and virtual business management tools to a diverse national commercial customer base. Interface is the leader in IP Managed Cloud Services and first to market with its cloud based managed physical and logical service offerings.
The combination of Interface and Westec creates the only nationwide managed service provider of security solutions (alarm, video, access control) along with VoIP and secure broadband in a cloud based architecture. Westec and Interface customers are among the best-known Fortune 500 names in the retail, QSR and hospitality industries.
Interface founder and Chief Executive Officer Michael Shaw calls the merger a strategic move for both companies that creates a unique and unrivaled product offering. “Our customers now have access to best in class video monitoring services. From searchable point-of-sale and video integration to auditing of customer service with a remote secret shopper to interactive guard tours, these services will now be delivered with improved quality and availability via the Interface Secure Managed Cloud.”
Westec President and Chief Executive Officer Kelby Hagar says combining video surveillance with a managed network is a huge benefit for business operators. “Until now surveillance applications have been at the mercy of a third party broadband provider to deliver the service,” said Hagar. “Now the Interface Secure Managed Cloud takes control of the broadband service to ensure remote video access with the best picture quality, to create the most actionable evidence and ultimately creating the highest customer satisfaction.”
Imperial Capital, LLC. acted as exclusive financial advisor to Westec. “This transaction has created the leading independent player in the managed security solutions business,” according to John E. Mack III, Managing Director and Co-Head of Investment Banking at Imperial Capital.
Both companies are privately held and terms of the transaction will not be disclosed.
About Westec The pioneer of interactive video monitoring, Westec delivers the industry?s only intelligent business monitoring solution serving Fortune 500 companies and smaller owner/operators throughout the U.S. Its strategic business solutions help leading retailers, restaurants and other companies improve operations and profits through intelligent business monitoring services. For more information on Westec Intelligent Surveillance, visit www.westec.net.
About Interface Security Systems, LLC Interface Security Systems, LLC is a managed service company based in St. Louis, Missouri. Interface manages a broad range of secure, IP-based solutions for retail, commercial, small business and residential customers through a UL Listed Secure Operations Center and a nationwide full service branch network. Interface is a portfolio company of SunTx Capital Partners. For more information on Interface, visit www.interfacesystems.com.
About SunTx Capital Partners SunTx Capital Partners is a private equity firm based in Dallas, Texas that invests in middle-market manufacturing, distribution and service companies. Since the firm’s inception in 2001, SunTx has invested over $600 million in a variety of sectors. For more information on SunTx Capital Partners, visit www.suntx.com.
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