CHARLOTTE, N.C.—Video monitoring company Iverify doubled the size of its business with the March 26 acquisition of Checkview, a provider of loss prevention and security services for national accounts.
The deal includes 170 new employees, bringing Iverify’s employee count to almost 500. It adds a monitoring station in Minnesota. It expand Iverify’s footprint into Canada, as Checkview has an Toronto office and employees throughout Canada.
The acquisition bring Checkview new technology capabilities. While Iverify and Checkview both serve national retail customers, Checkview “has not previously been in the video monitoring market,” Iverify CEO Sean Forrest told Security Systems News.
“Checkview was much more traditional in its offerings. It offered CCTV, unmonitored video, intrusion and fire alarm, but no interactive video,” Forrest said.
However, Checkview’s customers had started to ask for remote video monitoring services, Forrest said. Now they can offer their customers this service. “We think this is an ideal combination,” he said.
The deal comes just eight months after Iverify acquired TransAlarm.
The TransAlarm deal also included a monitoring center in Minnesota. Forrest said that the two monitoring centers will be combined in the future.Topic: Commercial and Systems Integrators