Tag: Robert Chefitz
Prime time for Alarm.com IPO
May 27, 2015Martha Entwistle
VIENNA, Va.—It has been a year since reports surfaced that Alarm.com owner ABS wanted to exit its investment. The wait may have been worthwhile, according to experts who spoke to Security Systems News. Now is a good time for Alarm.com, a fast-growing, market-leading provider of interactive services, to go public, they say.“There's a lot of excitement and energy around the smart home right now, and to a certain degree the timing of this IPO may reflect that,” Tom Kerber, director...
Polk goes PE, Pagnani takes over at Capital One
September 18, 2013Martha Entwistle
There's news in the finance and investment world today. Bill Polk, who's been running the security division of Capital One since its inception in August of 2011, is moving into the private equity world.
Polk is joining Egis Capital Partners, an investor in alarm.com. ECKey and, as of last May, CSSN. Here's a video interview I did with Egis founder Robert Chefitz in June.
Tom Pagnani, who has worked with Polk at Capital One and at CapitalSource before that, is taking over as managing partner at Capital...
ECKey closes funding round
October 17, 2012Martha Entwistle
LANCASTER, Pa.—ECKey, a startup manufacturer of smartphone access-control readers and systems, has closed its first funding round, Paul Bodell, ECKey president, told Security Systems News.
The closing of this A round of funding was for $500,000; a second closing, which will bring the total to $1 million, will be transacted by the end of the year, Bodell said.
The investors include security industry veterans who know access control well. The principal investor is Egis LP—run by Robert...