Tag: Monroe Capital
Protos Security, Southfield Capital announce strategic partnership with ControlByNet
August 30, 2022SSN Staff
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...
Battery, NICE deal is done, business renamed Qognify
September 23, 2015Martha Entwistle
BOSTON—Battery Ventures on Sept. 20 closed the NICE physical security business unit deal and renamed the business Qognify.Battery Ventures announced its intention to acquire the business in August for $85 million in cash and up to an additional $15 million. Final terms have not been made public, however, Monroe Capital in Chicago announced that it was the sole lead arranger and administrative agent on the funding of a $57.5 million senior credit facility to support Battery Ventures' acquisition.Monroe...
Monroe Capital takes a look at security
September 18, 2012Martha Entwistle
CHICAGO—Monroe Capital, a private investment company that has about $700 million in assets, does not currently have investments in the physical security space, but it's interested in taking a look, Monroe managing director Zia Uddin told Security Systems News.While Monroe is more actively looking at IT security companies, Uddin said, “we do look at those [physical security] deals and we would be open and willing to make an investment. We understand the business model and dynamics of the...