Prosegur acquires Viewpoint

Deal marks global company’s first foray into US security market
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Wednesday, September 19, 2018

MADRID—Prosegur, a global security company based here, is making its first foray into the U.S. security market with the acquisition this week of Viewpoint, a remote video monitoring company based in Lowell, Mass.

“Today marks a key milestone for Prosegur,” Javier Tabernero, Prosegur Security managing director, told Security Systems News. “Prosegur is excited to enter the U.S. market to partner with and learn from Brad [Gordon, Viewpoint CEO] and the Viewpoint team with the goal of continuing to deliver best-in-class service to Viewpoint’s customers, while developing innovative new solutions.”

Founded more than 10 years ago, Viewpoint specializes in video-voice security technology and serves clients in multiple industries. In addition to partnering with retail and commercial operators, Viewpoint also works with traditional guarding firms, helping them to augment their security solutions utilizing a unique blend of technologies backed-up by customer-focused professionals.

“When presented with the chance to leverage our technology services and grow within the U.S. in a major way by joining with Prosegur, my team and I knew it was far too good of an opportunity to pass up,” Gordon said in the announcement.

Tabernero added, “Brad and his team have done a remarkable job developing Viewpoint’s service offerings over the past 10 years. We genuinely look forward to fully incorporating the Viewpoint staff into the Prosegur family.”

He continued, “Prosegur Security has launched a technological transformation to improve our value proposition to clients. In this context, Viewpoint represents an ideal match for us as the company has developed a cutting-edge monitoring system that delivers immense value to its customers.”

Prosegur, founded in Spain in 1976, has grown into a major multinational with more than 175,000 employees across 24 countries on five continents. According to the company, it is the fourth largest global player in the private security industry by revenue with reported sales of just over €4.29 billion ($5.01 billion USD) in 2017.

Prosegur Security, the business unit providing integrated security solutions, offers “a high added-value proposition that combines physical surveillance with the latest advances in technology and analytics,” the company said. In addition to Prosegur Security, the company's other two business lines are Prosegur Cash and Prosegur Alarms.