Iverify Acquires Loss Prevention Specialist Checkview Corp.
The combined companies will double Iverify’s business while bringing interactive video monitoring to Checkview retail customers.
CHARLOTTE, N.C. – Iverify, a provider of real-time remote monitoring services, has acquired Checkview Corp., a provider of loss prevention and security services for national accounts. Terms of the deal were not disclosed.
The combined companies are expected to more than double the business of Iverify, according to a press release.
“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 America,” says Iverify CEO Sean Forrest.
Checkview customers will now be able to take advantage of Iverify’s interactive video response and two-way audio solution, which is geared to benefit national account customers across many sectors including auto dealerships, national retail chains, transportation, distribution and commercial property management firms.
“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,” says Nicholas Khalil, who will continue in the role of Checkview CEO.
The acquisition marks the second deal Iverify has completed in the national account service space. In June 2014, the company acquired TransAlarm, a provider of life-safety and property protection solutions.
Driehaus Private Equity, a majority owner of Iverify, served as the financial sponsor of the acquisition.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.
A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!