Interface Security Systems announces the completion of a $60 million equity financing transaction led by its sponsors SunTx Capital Partners and Prudential Capital Partners.
FREMONT, CA: Interface Security Systems, a pioneering managed service provider offering business security, managed network, UCaaS, and business intelligence solutions to distributed enterprises, announces the completion of a $60 million equity financing transaction led by its sponsors SunTx Capital Partners and Prudential Capital Partners. The additional equity capital will assist facilitate the firm’s growth strategy and strengthen its industry-leading potentials, featuring differentiated managed services. This capital comes in the wake of a productive 2020 where Interface has made significant investments in innovation, product development, and new technology infrastructure, scaled operations and expanded service offering to a broader range of verticals, launched new services and strategic partnerships, achieved a 250 percent YoY growth in new customer acquisitions, and further enhanced the overall customer experience.
A major digital transformation occurs within several distributed enterprise business models seeking to adapt to changing consumer behavior and increasing security threats. The Interface is a pioneering provider of innovative business security solutions, remote managed video monitoring, and networking infrastructure that offers distributed enterprises with next-generation store technology and 24/7 system management to keep pace with these demands. This capital infusion will let the company continue to stay ahead of the technology curve and further solidify the position as a vital technology partner for consumer-facing businesses.
This new capital will fuel the growth phase that Interface is already in. The company is strongly positioned to support businesses integrating their security, managed networks, and business intelligence, particularly as it emerges from the global health crisis. Interface is well-positioned to help consumer-facing distributed enterprises as they change their business models. The team is happy to be a part of this new round of investment to fuel their evolution and growth.
As the economy emerges from the pandemic, many new business models develop to help remote working, curbside delivery, and smarter supply chain management that will need innovative networking, improved security, and business analytics solutions. This growth capital positions Interface to benefit from opportunities in areas where they have a demonstrated track record of success.