Startup Systems Integration Firm Acquires SecureNet
DALLAS — A new systems integration firm started by two industry vets has acquired security systems integrator SecureNet.
In partnership with Pamlico Capital, a middle market private equity group, Carey Boethel and Ken Francis started Securadyne Systems last month. The new company will offer a broad portfolio of enterprise-class security technology solutions and value-added managed services.
As part of the deal, SecureNet, which provides security systems and data solutions for commercial clients in Texas and Oklahoma, will retain its brand name. Company CEO Brian Bergstrom will join the Securadyne team as general manager for the company’s Texas and Oklahoma operations.
“I am excited to offer our employees and customers the opportunity to grow with us as we expand the operation’s footprint, scale and innovative new service offerings,” Bergstrom says. “We are proud of what we have built at SecureNet and view the partnership with Securadyne as a great way to build upon our history of success.”
Securadyne’s management team are no strangers to the electronic security industry. Boethel, who serves as president and CEO of the new company, previously worked for Siemens. A 19-year veteran, Boethel was the vice president and business unit head for the U.S. and Canada for Siemens Security Solutions.
Ken Francis, Securadyne’s COO, has more than 20 years’ experience in the security industry. Formerly UTC Security Products Group vice president of sales and marketing, Francis also worked for ADT, AMAG and GE Security.
The new company plans to tie IP and cloud technologies into their offerings to set itself apart from the competition, Boethel says.
“We believe there is a significant opportunity to build a unique solutions provider with a focus on leveraging emerging IP and cloud-based technologies,” he says. “We are looking to partner with a select group of progressive market leaders that want to be part of pursuing that vision. We have the team, resources, and strategy to create something truly differentiated. We are actively talking to potential partners in other geographies about becoming part of Securadyne.”
As it plans to make more acquisitions, Securadyne will continue to work with Pamlico Capital for equity capital deals, according to Pamlico Principal Stuart Christhilf.
“We are excited to partner with Carey and Ken in building Securadyne into a significant player in the security systems integration space,” he says. “We have had success investing in the security space previously, and believe that ongoing technological changes are currently driving real opportunities for systems integrators to generate significant recurring revenue.”
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