Unlimited Technology announces partnership with Integrated Security Technologies

NEW YORK—Unlimited Technology, Inc., a leading provider of security systems integration solutions, announced a partnership with Integrated Security Technologies, Inc., a security integrator specializing in government, healthcare, education, data center and commercial sectors. Financial terms of the transaction were not disclosed.

This partnership is the first for Unlimited Technology, which recently received an investment from private equity funds managed by Lee Equity Partners.

IST is one of the nation's most trusted independent security integrators and designs, integrates, installs, and maintains comprehensive solutions for the most complex IT, electronic, physical and cybersecurity challenges.

With a unique full lifecycle approach to ensure absolute protection, IST provides advanced security and safety systems, including total door openings, integrated and logical access control, video surveillance, intrusion detection, and compliance tracking.

Strong Strategic Fit

The combination is seen by both businesses as a strong strategic fit, aligning with Unlimited’s strategy to provide security solutions with premier customer service and innovative technologies to critical infrastructure end markets.

IST’s experienced management team, including CEO Alexander Oppenhimer, COO Michael Margolis, Chief Strategy Officer Michael Ruddo, and President Jon Langhorst, will continue to lead IST and will retain meaningful equity ownership in the go-forward business.

“This partnership expands our leadership position in the Eastern Seaboard and adds expertise serving the highly regulated Federal Government sector,” said John Palumbo, CEO of Unlimited Technology. “We are excited to partner with IST’s team of highly trained, seasoned security experts who have successfully managed hundreds of complex, large-scale integrated security and IT projects throughout the United States.”

“Since our founding in 1997, IST has grown to become the largest independent systems integrator in the Washington, D.C. region. We evaluated many strategic options for the future of IST and are pleased to have selected Unlimited Technology as the best partner to advance our shared vision,” noted Oppenhimer. “We look forward to partnering with John and the entire Unlimited Technology team to expand our combined client bases, geographic footprint, and service offerings.”

“Unlimited and IST share a strong commitment to providing the highest quality of technology solutions and outstanding customer service, as evidenced by their long-term customer relationships, making the partnership a natural fit,” added Ryan Fossella, Principal at Lee Equity.

Sandra Jones and Company acted as Financial Advisor to IST.