Iverify Announces Strategic Acquisition
more than doubles its business with acquisition of Checkview
Charlotte, NC - March 26, 2015 -
Iverify, the leading provider of
innovative security solutions, including real-time remote monitoring services,
today announced it has acquired
Checkview Corporation, a provider of loss
prevention and security services for national accounts, further reinforcing Iverify's position as a best in class security product and service provider. The
combination of the two companies is expected to more than double the business of
In commenting on the announcement, Iverify CEO Sean Forrest said: "This
acquisition was a logical next step for Iverify, and, in fact, gives us a
significant competitive advantage as we expand our footprint in Canada and
reinforces our position as a leader of security protection solutions in North
Checkview customers will not only continue to enjoy the same suite of protection
solutions, which include intrusion alarm, fire alarm, CCTV and access control,
but will now be able to take advantage of Iverify's interactive video response
and two way audio solution, which extends beyond what most competitors offer.
Iverify's comprehensive security solution set benefits national account
customers across many sectors including auto dealerships, national retail
chains, transportation, distribution, and commercial property management firms.
President Steve Champeau said, "Iverify and Checkview have a shared DNA, as both
companies offer life-safety and property protection solutions for national
accounts. The scale and talent of the additional resources Checkview brings
gives us the ability to run our centralized business operations with both
efficiency and a continuing, unparalleled focus on serving our customers."
Nicholas Khalil, who will continue in the role of Checkview CEO, added: "We're
excited to be a part of the Iverify team. We share a belief that customers come
first, and we look forward to the synergies that a combined Iverify and
Checkview will bring our customers."
This is the second major deal Iverify has completed in the national account
service space. In June 2014, Iverify acquired TransAlarm, a leading provider of
life-safety and property protection solutions. Driehaus Private Equity was the
financial sponsor for that deal, as well.
Read more here.