Blog Archive • Egis Capital Partners

SwiftConnect Raises $37 Million of Financing in Series B Round

November 18, 2024/in Access Control, Identity Verification, Smart Buildings

SwiftConnect is Egis’s fourth investment in the access control space

STAMFORD, Conn., November 14, 2024 –(BUSINESS WIRE)–SwiftConnect today announced the closing of a $37 million Series B financing to expand its access network for connecting people to the right place at the right time. The company’s latest investment round is led by Quadri Ventures, with participation from new investors HID (part of ASSA ABLOY), Egis Capital Partners, and Klingenstein Fields Advisors. Returning investors include Crow Holdings, JLL Spark, Navitas Capital, Tanzola Corp., and Spring Rock Capital. In addition to expanding the company’s access network, the funding will be used to scale operations, drive geographic expansion, and support new product initiatives. SwiftConnect has raised $74 million in total funding to date.

SwiftConnect’s success is grounded in its ability to automate, centralize and digitize access management, user provisioning, and credential lifecycle management. This gives people the freedom to use their mobile access pass in NFC wallets and any other credentials to conveniently access buildings, offices and enterprise resources, amenities, and much more–regardless of the existing access control, identity management and building systems in place.

“Our Series B fundraise signals strong and ongoing investor confidence in SwiftConnect as we continue to reshape the physical access paradigm,” said Co-CEOs Chip Kruger and Matt Kopel of SwiftConnect. “As the network that powers a hassle-free experience for accessing places, spaces and things, SwiftConnect combines our vast partner ecosystem and vendor-neutral SaaS platform with our customer base of multinational organizations, iconic commercial real estate properties and portfolios, and other organizations to deliver the future of truly connected access and identity management. The new funding will continue to drive our leadership position in making seamless and secure access to anywhere possible so people can more easily access the most important things in their lives.”

“We are very excited to add SwiftConnect to our portfolio as our fourth investment in the access control space,” said Robert Chefitz, Founder and Managing Partner, Egis Capital Partners. “We were attracted to SwiftConnect because of their unique position at the intersection of physical and logical access technologies, as well as their demonstrated ability to maximize the value of installed systems based on their technical leadership in credentials and mobility. We are proud to back this excellent management team as they accelerate the growth of their global network.”

Egis Capital Partners Celebrates 16 Years in the Security and Protection Industry

August 14, 2024/in Egis Capital Partners

SUMMIT, N.J., Aug. 14, 2024 /PRNewswire/ — Egis Capital Partners, a growth-focused private equity firm focused on the safety, security and protection industry, is celebrating its 16th year of investing. Founded by Robert Chefitz who is a 40-year veteran of the private equity industry and has specialized in security industry investments since 1990, Egis raised its initial fund in 2008 and since that time has raised an additional two funds. Over the past 16 years, Egis has built a strong network of investors, industry executives, and advisory board members who bring their decades of experience to the Firm.

The safety, security, and protection industry is a large and diverse, highly fragmented market with growing global demand. The Egis Team is focused on the trends supporting the industry which is essential to all businesses and operations. Egis has a unique sector focus with strong emphasis on technology and is recognized as a value-added investor.

The Egis Team is comprised of experienced partners with a track record of the team working together, including Annie Lan, who was promoted to Partner in 2022. Ms. Lan has been with the Firm since 2017 and most recently led Egis’ growth equity investment in Sensera Systems, a leading provider of video management systems for the construction industry. Egis’ combined executive-level experience and network in safety, security, protection, and risk management businesses provides unique insight into trends, cycles, and prospective opportunities, which allows Egis to provide meaningful feedback and act decisively in the due diligence process. Egis represents patient and flexible capital, as well as energetic and committed partners for management teams.

“Egis’ founding concept was to bring together strong private capital experience and deep domain knowledge in the physical security and protection industry. The concept has been and continues to be validated by Egis’ growing team and portfolio of investments. Egis’ strategy is supported by an Industry Advisory Board whose founding Chairman is Governor Tom Ridge and enhanced by numerous investors who are among the leading executives in the safety, security and protection industry.” said Robert Chefitz, Managing Partner at Egis Capital Partners. “Over the past 16 years, the combination of investment discipline and industry focus has led Egis to some of the most dynamic companies in the security and protection industry. The constant evolution of technology continues to provide Egis with investment opportunities. Our industry focus, comprehensive network of leading industry executives, and commitment to our investors are the foundation for our continued success.”

Egis Capital Partners Invests in Construction Technology Company Sensera Systems, Inc.

August 21, 2023/in IoT, Site Monitoring, Smart Cities, Video Surveillance

Investment to accelerate growth and bolster Company’s best-in-class construction technology offering

SUMMIT, N.J., Aug. 17, 2023 /PRNewswire/ — Egis Capital Partners, a growth-focused private equity firm investing in the safety, security and protection industry, led and closed on a Series A equity investment in Sensera Systems, Inc., a market leader in reliable, easy-to-deploy solar/cellular cameras and real-time jobsite intelligence software. The capital raised will support Sensera’s commitment to enhancing project execution and outcomes for its more than 1800 construction contractor and owner clients. MUUS Asset Management participated in the round. Egis Capital Partners and MUUS bring a combination of security and construction technology experience to support Sensera’s ongoing success as a leading provider of construction technology solutions.

Founded in 2014, Sensera Systems provides flexible, reliable, and affordable site intelligence technology for construction contractors and developers. The Company’s software, cameras, mobile apps, analytics, and value-adding services are designed for projects and entities, both large and small, to enhance productivity, collaboration, security, marketing, and risk and safety management. Sensera has integrated its solution with leading project management system providers such as Procore, Autodesk, and others and continues its commitment to the construction industry through a broader range of technology, AI, and an expanded partner ecosystem. Beyond construction, Sensera provides solutions to hundreds of municipalities, utilities, and infrastructure clients across North America.

“We are excited to partner with Sensera Systems, a proven leader in video management solutions in demanding environments. We have been impressed by Sensera’s founder and management team over the long period of time we have gotten to know them. Sensera has built a best-in-class platform and has shown impressive dedication to understanding the needs of its customers,” said Robert Chefitz, Managing Partner at Egis Capital Partners. “We believe Sensera is a continuation of our successful investments like Alarm.com, Brivo, and ButterflyMX. This is our fourth investment in video management solutions and our second in the construction industry.”

The investment from Egis Capital Partners and MUUS will enable Sensera Systems to continue to provide the construction industry, property owners, municipalities, and critical infrastructure enhanced, intelligent remote monitoring solutions built on Sensera’s video-centric technology. The capital and expertise of Egis will serve to accelerate Sensera’s commitment to continued technological advancement and penetration in existing and adjacent markets.

“We are thrilled to announce this investment from Egis Capital Partners, which will allow us to accelerate innovation and increase the breadth of our product offering,” said Rob Garber, CEO, Sensera Systems. “Sensera was founded to open access to high-quality solar wireless site technology to all, and this new investment will enable us to better serve the global community at large.”

Brivo and Eagle Eye Networks Announce $192M Investment – One of the Largest Ever in Cloud Physical Security

May 18, 2023/in Access Control, Physical Access Control, PropTech

SECOM CO., LTD, a $15B enterprise and one of the largest security integration companies in the world, invests in the two global cloud physical security leaders, accelerating the use of AI and improving safety and security

AUSTIN, Texas, BETHESDA, Maryland — May 17, 2023

Eagle Eye Networks, the global leader in cloud video surveillance and Brivo, the global leader of cloud-based access control and smart space technologies, today announced one of the largest investments to date in cloud physical security. SECOM CO., LTD, one of the largest security integration companies in the world, according to Forbes Global 2000, has made a primary equity investment of $192 million in the two companies, $100M in Eagle Eye Networks and $92M in Brivo.

“The SECOM investment underscores that cloud and AI are the future of physical security,” said Drako. “Both Eagle Eye and Brivo will use a significant portion of the investment to further develop AI that dramatically improves the security of enterprises and businesses globally. The Eagle Eye and Brivo open platforms provide customers with choice, efficiencies, and innovation, all of which this investment will accelerate.”

Shields Business Solutions and Egis Capital Partners Announce Partnership

November 22, 2022/in Egis Capital Partners, IoT, Physical Access Control, Risk Management Solutions

Shields’ commitment to providing best-in-class banking and cash logistics solutions for the financial community supported with relationship

MOORESTOWN, N.J., Nov. 21, 2022 /PRNewswire/ — Shields Business Solutions (“Shields”), a provider of ATM service, cash-in-transit and cash logistics solutions for the financial community, and Egis Capital Partners, a private equity firm focused on the Safety, Security and Protection industry, announced today a new strategic partnership. The agreement brings together Shields’ extensive team of specialized bank products and cash services professionals with the strategic investment and financial backing of Egis Capital Partners. The partnership strengthens the position of Shields in contributing to driving the digital transformation and operational efficiency of the financial community forward and creating greater value for Shields’ customers.

With over 50 years of experience, Shields has been a market leader in comprehensive ATM and advanced cash solutions, building its record of service quality and deep industry expertise since 1970. Shields works with top manufacturers and partners to deploy solutions that range from basic implementations to advanced, core-connected interactive technology projects for best-in-class service and increased uptime for their customers.

“We are thrilled to have found the right partner in Egis Capital. Leveraging Egis’ industry experience will assist us as we continue to expand our business within our existing footprint and look to broaden our service offerings as we enter new geographies,” said Mark McGrath, President of Shields.

Robert Chefitz, founder and managing partner of Egis Capital Partners added, “Shields’ customer-first approach and its complete offering of cash logistics solutions that connects bank branches to retail sites, place them in a unique position to play an important role in the delivery of cash-based banking solutions in this digital environment. We are excited to support the team led by industry veterans Mark McGrath, President and Tom Raftery, Chief Operating Officer, to accelerate growth and expand Shields’ footprint.”

Egis Portfolio Company ButterflyMX Acquires CloudKeyz, Uniting Complementary Property Access Technologies

May 19, 2022/in Access Control, PropTech, Smart Buildings

Real estate technology leader enhances its property access platform by integrating four new technologies to improve building operations, NOI, and resident satisfaction

NEW YORK, May 18, 2022 (GLOBE NEWSWIRE) — ButterflyMX, the leading provider of access control technology for multifamily, commercial, gated communities, and student housing properties, today announced it has acquired cloud-based access control company, CloudKeyz. The acquisition includes CloudKeyz’s assets, team, and customers, which will now operate under the ButterflyMX brand. This deal further expands ButterflyMX’s footprint and adds four powerful new products to its award-winning access control platform, which is currently relied upon by more than 7,500 buildings and 750,000 apartments.

The combination of CloudKeyz and ButterflyMX technologies creates a simple unified access solution with a variety of options for multifamily and commercial property access, including IP security cameras; gate/garage controllers; amenity and common area access controls; and a suite of card readers, key fobs and Bluetooth-enabled access devices.

Egis Portfolio Company Mission Critical Partners Announces Acquisition of RKV Technologies

March 24, 2022/in Public Safety

The acquisition will boost MCP’s data integration, information technology, and project management offerings for public-sector organizations

State College, Pa. (March 22, 2022) — Mission Critical Partners (MCP) today announced the acquisition of RKV Technologies (RKV), a firm with expertise in providing managed services to government organizations. The RKV acquisition enhances MCP’s commitment to supporting public-sector clients with a comprehensive portfolio of innovative and vendor-independent services, with professional advisory and managed services including, but not limited to, data integration, network management, and cybersecurity.

…

“Talent shortages in the public sector are everywhere, particularly in technical positions. This comes at a time when government agencies are accelerating their pace of employing innovative technologies to transform their operations,” said Darrin Reilly, MCP president and chief executive officer. “The acquisition of RKV enhances our ability to help our clients continuously evolve while presenting new partnership opportunities for collaboratively filling the talent and skillset gaps.”

Egis Portfolio Company Mission Critical Partners Acquires Secure Halo to Help Clients Navigate Cybersecurity Risks

March 24, 2022/in Cybersecurity, Public Safety

Acquisition expands MCP’s portfolio of managed cybersecurity services and strengthens its capabilities

State College, Pa. (March 16, 2022) — Mission Critical Partners (MCP) has acquired Secure Halo, a leading cybersecurity firm that provides an all-encompassing approach to enterprise risk and managing cybersecurity for federal, state, and local government agencies and commercial entities. The acquisition greatly expands MCP’s portfolio of managed cybersecurity services, strengthens its talent and capabilities, and increases its capacity to secure mission-critical environments and provide operational resiliency.

Secure Halo supports mission-critical federal agencies, including the Department of Defense (DOD), to reduce cybersecurity vulnerabilities across the enterprise, including their networks and supply chains. Clients leverage the firm’s analytical and operational expertise to mitigate risk to operations and information systems from hybrid commercial and hostile threats. The recipient of eight cybersecurity awards, Fortune 500 technology firms trust Secure Halo to implement third-party risk management programs, increase their posture against insider threats, and improve their cybersecurity hygiene.

Egis Portfolio Company ButterflyMX Secures $50 Million in Series D Funding

December 7, 2021/in Smart Buildings

NEW YORK, Dec. 7, 2021 /PRNewswire/ — ButterflyMX, creator of smart video intercoms, package rooms, keypads, elevator controls, key lockers, and other access control technology for multifamily, commercial, and student housing properties, today announced the closing of a $50 million growth equity round led by JMI Equity, with participation from Volition Capital, Egis Capital, and RiverPark Ventures. This latest round of funding will allow ButterflyMX to provide the real estate industry with its first-ever unified property access solution, designed to streamline building operations and enhance the resident experience.

…

Robert Chefitz, ButterflyMX board member and managing partner at Egis Capital, continued his Series C investment recognizing that property security is now more important than ever.

“With all of the delivery people and service providers that now need to access buildings, security has never been more important,” explained Chefitz. “ButterflyMX’s new unified access control platform is the perfect solution to manage the flow of people and packages into a property while improving security and maintaining peace of mind.”

Egis Portfolio Company Brivo to Become Publicly Traded Company Through Merger with Crown Proptech Acquisitions

November 11, 2021/in Access Control, Smart Buildings

BETHESDA, MD. and NEW YORK (November 10, 2021)

Brivo, Inc., the global leader in cloud-based access control and smart building technologies, and Crown PropTech Acquisitions (NYSE: CPTK) (“Crown”), a publicly traded special purpose acquisition company, today announced that they have entered into a definitive merger agreement that will result in Brivo becoming a publicly listed company. The transaction values the company at a pro forma enterprise value of $808 million. Upon closing, the combined company will operate as Brivo, and its Class A common stock is expected to be listed under the ticker symbol “BRVS.” This strategic business combination will enable Brivo to leverage Crown’s experience and relationships as an owner and operator of commercial real estate to accelerate market expansion.

Since its founding in 1999, Brivo has pioneered and defined the cloud-base access control category. Brivo’s leadership was instrumental in transforming the security industry, which at the time was dominated by on-premise client-server technology, and has achieved remarkable growth with the innovative cloud-based hardware and software solutions it began rolling out in 2002. Today, Brivo builds and sells Software-as-a-Service-based (SaaS) building access management services and innovative connected devices to enterprises and property owners through over 1,500 channel partners. These partners provide local sales, service and installation across all classes of commercial real estate including office, industrial, multifamily and retail properties. As it continues to scale, Brivo expects to benefit from the dramatic increase in smart space adoption driven by the PropTech boom, the growing customer preference for cloud-based services, the new normal in safety and health, and a shift in security integrator channel sentiment – which has swung from 20% to 75% in favor of the cloud over the last five years.