PITTSBURGH – Vector Security Inc. has acquired Industry Retail Group Inc. (IRG), saying the move is aimed at accelerating the Company’s move into the complete managed infrastructure and business intelligence space.
The acquisition of IRG lays the groundwork for business intelligence offerings and the expansion of services that provide turnkey solutions for retailers and multisite businesses. Vector Security President and CEO Pam Petrow will now assume leadership responsibility over both IRG and Vector Security.
“Today, customers are seeking to leverage their existing broadband networks for more and more services – connectivity, analytics, technology testing, business intelligence and security,” says Petrow. “Customers want broader insight and intelligence into their operations at all levels. This acquisition is the catalyst for us to define that new market segment and positions us to support the physical security and broadband infrastructure needs of our customers today and into the future. The move also sets us apart from other providers by allowing us to bring security solutions into a broadband-based, application-driven marketplace.”
IRG is a Gartner-recognized provider of customized managed network services and an industry leader whose operational excellence has consistently outpaced industry standards, says a Vector Security press release. IRG currently addresses the growing needs of thousands of Fortune 1,000 retailer sites, quick-serve restaurants and convenience store chains through the design, provisioning, logistics and deployment of networks.
“IRG brings the experience, technical expertise and passion to support the dynamic needs of retailers and multisite companies to the Vector Security family,” says Mike Luzio, CEO of IRG. “Together we have the opportunity to offer customers a modular platform that simplifies the management of their infrastructure and gives them actionable, real-time intelligence that is second to none. We look forward to proactively addressing our customers’ unique needs for managed services and security.”
Vector Security will continue to market the new managed network services solutions under the Industry Retail Group brand as a Vector Security company. Vector Security has retained all of the IRG employees as part of the acquisition and IRG will work closely with the Vector Security National Accounts teams located in Gainesville, Va. The IRG Corporate office will be headquartered in Warrendale, Pa.
“Vector Security is a growing and stable company that is continually focused on meeting the needs of our customers.” says Petrow. “We welcome IRG, their employees and customers to the Vector Security family and look forward to doing great things – together.”