Protos Security, Southfield Capital announce strategic partnership with ControlByNet

GREENWICH, Conn. – A release from private equity firm Southfield Capital announced the acquisition of video monitoring and software solutions company ControlByNet (CBN) by security services provider Protos Security.

"Over the last 20+ years, CBN has developed an impressive suite of technology offerings capable of servicing the remote guarding/security needs of clients across devices," said Southfield Capital Partner, Andy Cook. "We believe that combining CBN with Protos' industry leading technology platform will enable us to deepen client relationships and provide a broader array of comprehensive security solutions."

Headquartered in Georgia, ControlByNet offers users remote guarding and software solutions via remote video surveillance. Founder and President of ControlByNet Ryan Strange will remain in his leadership role following the close of the acquisition along with the rest of CBN’s management team according to the release. "We are excited to strengthen and grow our service offerings under the Protos Security brand,” Strange said. “This alignment will be impactful to the marketplace and is a big step forward for both brands. Protos' core values mirror those of ControlByNet, which is important to us. The combination of our solutions will yield many benefits for our customers who can continue to expect the high-touch customer service approach they've known for years."

"This strategic acquisition further diversifies our service offering," Chief Revenue Officer at Protos, Peter Platten, said. "As our suite of security solutions expands, it allows us to create a uniquely tailored approach to meet the growing needs of our customers. It's important that we're able to satisfy safety requirements while offering cost benefits. This differentiation is how we delight customers with program flexibility and intelligence to support high-quality service."

Debt financing for the acquisition was provided by Monroe Capital LLC and Wells Fargo Bank. The full release can be read at www.prnewswire.com.