IoT Archives • Egis Capital Partners

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.”

ButterflyMX Receives Growth Capital Funding from Egis

September 29, 2020/in Access Control, IoT, Smart Buildings

ButterflyMX, creator of the smart intercom, a secure and convenient smartphone-based technology that is changing the way residents and tenants access their buildings, today announced the closing of a $35M growth equity round. This latest round was led by Volition Capital, with participation from Egis Capital, RiverPark Ventures and Stifel Venture Bank. The round will enable ButterflyMX to expand into new markets and introduce new products that extend its award-winning smart intercom access experience from the front door to the rest of the building.

Egis Portfolio Company Brivo Acquires Parakeet to Add Smart Building Capabilities

March 4, 2020/in Access Control, IoT, Video Surveillance

Brivo, the global leader in cloud-based physical security, has acquired Parakeet Technologies, a provider of smart building solutions which include sensors, thermostats, wireless locks, and lighting controls. The acquisition accelerates Brivo’s ongoing push to enhance its in-building capabilities beyond its current access control, video, and security.

Egis Capital Partners Teams with ClearObject

January 18, 2019/in IoT

ClearObject designs, develops, deploys and manages connected solutions and data-driven digital products. The acquisition is consistent with Egis’ strategy to invest in technology-enabled businesses that utilize security infrastructure to drive operational efficiency. The partnership will provide the financial and strategic resources to facilitate this transformative opportunity in the data-driven economy.

Details Here >>