Interface Systems announced that Brent Duncan, the company’s Chief Operating Officer and President, has been appointed as Chief Executive Officer. He succeeds the company’s founder, Michael Shaw, who will take on the role of Executive Chairman, where he will focus on a range of strategic initiatives in Interface’s next phase of growth. Duncan joined Interface three years ago as Chief Revenue Officer and was promoted to Chief Operating Officer and President in November 2020.
Interface Security Systems launched a “Tech for Good” scholarship program to help provide financial support to college students pursuing four-year STEM or other technology-oriented studies and careers. One student will be selected every year from the pool of applicants and will receive $5,000 to help continue their education. To be eligible for this scholarship, students will need to be enrolled full-time in an accredited US university for the 2021-2022 academic year.
Interface Security Systems announced that it has appointed Brian Garavuso as its Chief Technology Officer. With almost 30 years of global executive leadership experience, Garavuso has served in C-level and advisory roles for companies that include OfficeMart, Diamond Resorts International, Hilton Grand Vacations Company, Interstate Hotels and Resorts, the Mariner Group, and Cape Coral Hospital. He received his BA in finance and accounting from South Florida University.
Interface Security Systems announced that it has entered into a strategic partnership with Ignite Prism. As part of this partnership, Interface will have exclusive rights to Ignite Prism’s video analytics technology in North America. With the Ignite Prism video analytics solution, retailers or any consumer-facing business can use the data gathered by their existing surveillance cameras to derive actionable business intelligence and enhance customer experience.
Interface Security Systems announced the completion of a $60 million equity financing transaction led by its current sponsors SunTx Capital Partners and Prudential Capital Partners. The additional equity capital will help facilitate the company’s growth strategy and strengthen its industry-leading capabilities, featuring highly differentiated managed services. This new capital comes in the wake of a highly productive 2020 for Interface.
Interface Security Systems is announcing a new strategic partnership with OpenEye. The strategic partnership will combine the proven solutions of both companies to deliver a powerful remote video surveillance solution with seamless cloud video management to retailers, restaurants, and distributed enterprises. Enterprises can now leverage the power of the Interface central command center’s 24/7 virtual monitoring and the ease of use of accessing and managing video on the OWS platform.