Addison-based Stealth Monitoring has acquired Caliber Communications and Syncro Monitoring (collectively called Caliber), further expanding its capabilities as a leader in technology-driven commercial video surveillance.
Stealth and Caliber, based in Stoney Creek, Ontario, are both leading video surveillance businesses focused on designing, installing, and providing proactive remote video monitoring solutions and related services to commercial, construction, financial, industrial, real estate, retail, transportation, and logistics, and utility businesses throughout the United States and Canada.
Caliber CEO and founder Alex Vourkoutiotis says the combination will not only allow Caliber to better serve its customers but will also expand the company into new markets.
“We’ve spent more than eight years building an advanced technology platform powered by artificial intelligence and secure communications and networking product, that we believe delivers a best-in-class experience for our clients,” he said in a statement.
Together with Stealth, Caliber’s capabilities are now even more robust, Vourkoutiotis noted. The power of both companies’ investment in technology and operations will enable them to provide a new level of service to customers.
Caliber adds state-of-the-art, patented technology, deep product expertise, and a talented team to Stealth, the company said.
No financial details were disclosed.
Combining operations, tech development, and employees
The combined company will provide its customers with unparalleled security, surveillance, video management capabilities, and outstanding service, Stealth said. Stealth said it will build on a strong history of product development and innovation at both companies, with plans for continued investment across all aspects of the combined business.
Vourkoutiotis will assume the role of chief technology officer of Stealth, focused on building the industry’s most advanced and effective solutions.
The combination of the companies will include more than 2,000 employees across more than 40 offices and will provide proactive monitoring of more than 5,000 client sites across North America.
The companies have patents in cellular communications, artificial intelligence, and machine learning, well positioning them to achieve their mission: to build the world’s most trusted intelligent monitoring solutions.
Erik Mikkelsen, the president and CRO of Stealth Monitoring, said Stealth was “attracted to Caliber for their success in combining cutting-edge technology with people and processes to achieve great results for their customers.”
In a statement, Mikkelsen said they were particularly impressed with Caliber’s people, describing them as “dedicated, collaborative, customer-focused, and innovative.”
The acquisition was supported by a new capital investment by Stealth’s existing investors: Twin Point Capital, LLR Partners, and Auxo Management, the company said.
Commitment to innovation
Stealth Monitoring has experienced significant growth since its founding in 2006.
The company’s origins can be traced back to when founder and Managing Director Norm Charney identified a bankrupt company in Mesquite. Rather than acquiring the struggling business, Charney established Stealth Monitoring Inc.
He then hired the employees of the old company on Feb. 12, 2007, and paid them three months’ back salary to motivate them and build loyalty, with three of those initial employees still working at Stealth today.
In late 2018, Stealth unveiled a rebrand to better reflect its status as a premier live monitoring solutions provider, following a 2016 merger with Toronto-based UCIT Online, backed by investment firm Auxo Management LP. That union created one of North America’s largest independent video security technology solutions providers.
Then-CEO Rob Cherun said the rebrand signified a departure from the company’s heritage as “simply a security company.” Cherun, who was CEO through December 2022 and is now a board member, according to LinkedIn, emphasized the company’s commitment to innovation and its focus on scaling.
In 2019, Stealth Monitoring received a “significant” equity investment from Twin Point Capital. Auxo Management LP, a privately held investment firm led by Cherun and Mikkelsen, retained a substantial ownership in the company.
Specializing in proactive and intelligent video monitoring
Besides its U.S. headquarters in Addison, the company has a Canadian headquarters in Toronto, Ontario.
Stealth says it specializes in proactive and intelligent video monitoring technology aimed at improving threat detection and police response. The company’s expansion into new industries and regions has positioned it as a solution-provider for various commercial sectors, including construction, multifamily residential, shopping centers, automotive dealerships, and more.
Another focus of Stealth Monitoring is catering to companies with outdoor assets, such as warehouse storage facilities, distribution yards, and cannabis operations. The company seeks to reduce theft, vandalism, and property damage, while also providing business intelligence.
Today, Stealth Monitoring focuses on developing cutting-edge computer vision and artificial intelligence technologies. The company website notes it has contributed to deterring more than 35,000 crimes, facilitated more than 800 arrests, and analyzed more than 55,000 customer videos annually.
The company notes its offerings can help reduce—or even replace—traditional security guards, potentially cutting costs by up to 60%.
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