Interface Security Systems, a managed service provider delivering business security, managed network, UCaaS and business intelligence solutions to distributed enterprises, announced the completion of a $60 million equity financing transaction led by its current sponsors SunTx Capital Partners and Prudential Capital Partners.
The additional equity capital will help facilitate the company’s growth strategy and strengthen its industry-leading capabilities, featuring highly differentiated managed services. This new capital comes in after 2020, where Interface has:
- Made investments in innovation, product development and new technology infrastructure.
- Scaled operations and expanded service offering to a broader range of verticals.
- Launched new services and strategic partnerships.
- Achieved a 250 percent year over year growth in new customer acquisitions.
- Further enhanced the overall customer experience.
“We see a major digital transformation taking place within numerous distributed enterprise business models seeking to adapt to changing consumer behavior and increasing security threats,” said Michael Shaw, CEO of Interface Security Systems. “Interface is a leading provider of innovative business security solutions, remote managed video monitoring, and networking infrastructure that provides distributed enterprises with next-generation store technology and 24/7 system management to keep pace with these trends. This capital infusion will enable us to continue to stay ahead of the technology curve and further solidify our position as a key technology partner for consumer-facing businesses.”
Ned Fleming, founding partner of SunTx Capital Partners, added that the new capital will catalyze the growth that Interface is already in.
“We believe the company is strongly positioned to help businesses integrate the management of their security, managed networks, and business intelligence, particularly as we emerge from the global health crisis,” Fleming said.
Robert Derrick, managing director and partner with Prudential Capital Partners, said Interface is well-positioned to support consumer-facing distributed enterprises as it transforms its business model.
“We are happy to be a part of this new round of investment to help fuel their evolution and growth,” Derrick said.
John Mack of Imperial Capital, an advisor to Interface, added, “As the economy emerges from the pandemic, we will see many new business models develop to support remote working, curbside delivery and smarter supply chain management that will require innovative networking, enhanced security, and business analytics solutions. This growth capital positions Interface to take advantage of opportunities in areas where they have a demonstrated track record of success.”