MONTREAL – Security services, AI-enabled security technology, integrated risk management and cash automation solutions provider Garda World Security Corporation today announced it has entered into a binding agreement to acquire video monitoring security solutions company Stealth Monitoring.
Building on the foundation of the GardaWorld’s ECAMSECURE platform, the acquisition of Stealth Monitoring “will establish a global leader in AI-powered remote video monitoring solutions,” according to the joint announcement.
This acquisition “will introduce proprietary technology and extensive product expertise as well as unite the complementary strengths and industry-leading technologies of both companies, significantly elevating the value and scope of customer offerings,” the announcement says.
“With decades of experience in mobile and fixed video monitoring, we see Stealth Monitoring as a highly complementary business to our existing global champion businesses and as an opportunity to establish an unrivaled North American leadership in mobile and fixed video monitoring,” says Stephan Crétier, founder, president and CEO of GardaWorld, in the joint announcement.
“We look forward to teaming up with the ambitious experts and operators at Stealth Monitoring who share our entrepreneurial, growth-oriented mindset, laser focus on value creation and desire to innovate and reshape industries,” he says.
Why GardaWorld and Stealth Monitoring Joined Forces
“We have a longstanding dedication to advancing the state of commercial video monitoring across North America through a commitment to customer experience and the development of cutting-edge technology,” says Max Baigelman, CEO of Stealth Monitoring, in the announcement.
“Our goal has always been to anticipate our client needs and continuously deliver the right solutions. GardaWorld shares our winning mindset and an incredible track record for elevating companies and operations in the security industry to the next level of growth and value creation,” says Erik Mikkelsen, president and chief revenue officer of Stealth Monitoring, in the joint announcement.
Stealth Monitoring has about 2,000 employees across more than 40 offices and eight video monitoring centers.
The transaction is expected to close in the fourth quarter of this year, subject to customary regulatory approvals and closing conditions.
The post GardaWorld Enters into Binding Agreement to Acquire Stealth Monitoring appeared first on Security Sales & Integration.