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Razberi gets $3m, new board members, CTO

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Wednesday, November 12, 2014

Razberi Technologies, which was reinvented three years ago by Tom Galvin, today announced that it received a $3m investment from a new investor, LiveOak Venture Partners of Austin, Texas.

I had a chance to speak to Galvin about the deal. “We launched the company exactly three years ago, in November 2011. We’ve been growing nicely through word of mouth but we got to the point where, to sustain growth, we needed outside capital,” he said.

The funds will be used “to invest in sales, marketing and branding awareness to fully leverage what we’ve built here in our product line and to invest in R&D. We want to continue to evolve and to develop the product line,” Galvin said.

Razberi’s flagship product is its ServerSwitch, which combines “the functions of a network video recorder and ethernet smark switch into a single compact appliance.”  These appliances, “go where IT doesn’t go because of cost or form factor,” Galvin said. Currently in development are a “ruggedized line for outdoor applications. There’s a growing energy business in the U.S., with oil and natural gas and windmills and they all need video surveillance,” he said.  

Galvin also announced that Ken Boyda has joined Razberi as non-executive chairman of its board of directors.

Boyda built Interlogi company, which he sold to GE Security and was subsequently sold to UTC. Galvin and Boyda worked together at GE before Boyda retired. Boyda has stayed active in the industry, Galvin said, serving on the board of VideoIQ before its acquisition by Avigilon. He also currently serves on the board of PSIM provider VidSys.

Boyda introduced Galvin to LiveOak Ventures.

“Razberi [which is based in Carrollton, Texas] is LiveOak’s first investment in North Texas. There’s a start-up market here that’s underserved by financial [backers], and LiveOak saw us a real opportunity,” Galvin said.

Jiri Modry, whom Galvin called “one of the pioneers,” has also joined Razberi’s board. “He developed the first DVR for security and sold it to Interlogix [which was sold to GE.] … The GE DVR line at the time was based on Yiri’s technology. It’s great to have his expertise on the board as well,” Galvin said.

Ben Scott and Krishna Srivivasan, both of LiveOak Venture Partners, also joined the board.

Razberi also hired Rich Anderson as its CTO. “He’s a key hire for us. He served in different executive capacities at GE and Casi Rusco back in the day,” Galvin said.

Former Interlogix president joins Guardian Protection

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02/07/2013

WARRENDALE, Pa.—Bob Haskins, former president of Interlogix, will fill a newly created position at Guardian Protection Services, according to a company announcement this week. Haskins’ responsibilities as Guardian’s VP of strategic planning and business development will include helping to expand the company’s dealer program, the announcement said.

UTC sells fire and security branches to Comvest Investment Partners

Former ADT President Mike Snyder and former GE Security President Dean Seavers to run new business, Red Hawk Fire & Security U.S.
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04/11/2012

FARMINGTON, Conn.—Comvest Investment Partners on April 10 acquired the security and fire branch operations of UTC Climate, Controls & Security.

Former Siemens & GE execs found Securadyne, acquire SecureNet as platform for growth

Carey Boethel and Ken Francis go into business; financial partner, Pamlico Capital, ready to fund additional acquisitions
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03/01/2012

DALLAS—Carey Boethel and Ken Francis, two well-known industry veterans, announced this morning that they’ve founded a new systems integration firm called Securadyne Systems, and acquired SecureNet,  a Dallas-based security integr

ASIS 2011: News and notes from the show floor

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09/22/2011

ORLANDO, Fla.—There was plenty of news being made at ASIS 2011, which took place at the Orange County Convention Center Sept. 19-21. Below are some editor round-ups from ventured out onto the show floor to collect news and other goings-on.

Advanced Technology Video appoints Bob DeProspero director of sales

SSN Staff  - 
07/18/2011

COPPELL, Texas—Advanced Technology Video, a provider of video security surveillance solutions, on July 13 announced the appointment of Bob DeProspero as director of sales.

Presidential change for UTC Fire & Security

Mark Barry is new Global Fire Products president
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07/05/2011

FARMINGTON, Conn.—When Scott Buckhout became president of UTC Fire & Security in March, his job as president of Global Fire Products became vacant.
In May, the company, which is based here, announced that Mark Barry has now stepped into that position.

New UTC Fire & Security Global Security Products president outlines goals

Kelly Romano aims to accelerate new product development and introduction
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06/03/2011

BRADENTON, Fla.— Before taking over her new role as president of Global Security Products for UTC Fire & Security, Kelly Romano spent a year as SVP of global sales and marketing. During that time, she spent a lot of time with integrators, VARs and dealers, who she said are interested in the seamless integration of access, video and intrusion and locking systems. While UTC Fire & Security already provides that kind of integration with many of its products, the company will be bringing more integrated solutions  to market, she said. This demand, and the fact that technology changes so rapidly, means “we need to accelerate the new-product introduction time to market.”

UTC Fire & Security: new brand, new president

UTCFS aligns U.S. fire and security services under Chubb brand
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04/14/2011

FARMINGTON, Conn.—UTC Fire & Security recently aligned its United States fire and security services businesses under the Chubb brand. The company’s fire and security services businesses abroad have already consolidated under the Chubb name, and the branding in this country will provide “a new, more seamless interface to customers,” UTC Fire & Security said.

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