$39 Million Contract Reportedly Largest Video Monitoring Award in Industry History
Iverify, Charlotte, N.C., was recently awarded a five-year contract valued at $39 million dollars to provide guard replacement and shrink reduction services for an NYSE national retailer. Iverify provides remotely managed security services through interactive video and audio communication to national retailers. The company has built a track record of reducing operating security costs by up to 75 percent for its clients over the costs of conventional guard services while delivering greatly improved security performance, the company said.
The company, founded by industry veteran Mike May, was established in 2005 and grew over the last six years, capturing Inc. 500 and Inc. 5000 awards for the last two years. The company's annual growth rate over five years has been in excess of 50 percent.