Interface Security Systems LLC, Earth City, Mo., completed a merger transaction with Westec Intelligent Surveillance Inc. Westec, based in Coppell, Texas, is ranked No. 25 on the SDM 100 and provides full-service video surveillance monitoring, interactive monitored video solutions and virtual business management tools to a diverse national commercial customer base. Interface is the No. 11 security company in the SDM 100, offering innovative cloud based managed physical and logical services.
According to the companies, 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.
Interface founder and chief executive officer Michael Shaw called 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 CEO Kelby Hagar said 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,” commented 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 were not disclosed.