Iverify Announces Strategic Acquisition
Iverify announced it has acquired Checkview Corporation, a provider of loss prevention and security services for national accounts, further reinforcing Iverify’s position as a best-in-class security product and service provider. The combination of the two companies is expected to more than double the business of Iverify.
In commenting on the announcement, Iverify CEO Sean Forrest said, “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.”
Checkview customers will not only continue to enjoy the same suite of protection solutions, which include intrusion alarm, fire alarm, CCTV and access control, but will now be able to take advantage of Iverify’s interactive video response and two way audio solution, which extends beyond what most competitors offer. Iverify’s comprehensive security solution set benefits national account customers across many sectors including auto dealerships, national retail chains, transportation, distribution, and commercial property management firms.
President Steve Champeau said, “Iverify and Checkview have a shared DNA, as both companies offer life-safety and property protection solutions for national accounts. The scale and talent of the additional resources Checkview brings gives us the ability to run our centralized business operations with both efficiency and a continuing, unparalleled focus on serving our customers.”
Nicholas Khalil, who will continue in the role of Checkview CEO, added, “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.”
This is the second major deal Iverify has completed in the national account service space. In June 2014, Iverify acquired TransAlarm, a leading provider of life-safety and property protection solutions. Driehaus Private Equity was the financial sponsor for that deal, as well.