SUMMIT, N.J. – Egis Capital Companions has introduced a progress funding in international built-in high-security entry management and safety options supplier AMAG Know-how, in accordance with a joint announcement .
The expansion funding helps Shore Rock Accomplice’s majority acquisition of AMAG from Allied Common in December, the announcement says.
Since 2008, Egis has been “investing in market-leading safety firms with robust model recognition and progress technique,” in accordance with the joint announcement. AMAG represents Egis’ fifth funding in entry management, the place AMAG is nicely positioned to develop its choices throughout its robust enterprise buyer base of essential operations and infrastructure.
Why Did Egis Capital Companions Spend money on AMAG Know-how
The expansion capital “will help developments within the product roadmap and investments in buyer relationships,” the announcement says, below the management of CEO David Sullivan.
“We’re excited to have Egis as companions given their many years of experience and expertise scaling entry management firms,” says Sullivan within the joint announcement. “The improved partnership highlights AMAG’s dedication to offering best-in-class superior safety options to our prospects, who depend on our expertise to safe their belongings and improve their operations.”
“Egis is glad to be partnering with Shore Rock to help AMAG in its subsequent part of progress,” says Robert Chefitz, managing associate of Egis, within the joint announcement. “That is our second time backing David Sullivan.
“We consider on this quickly evolving danger panorama and expertise atmosphere, David and the AMAG workforce are well-suited to drive product innovation and help as a trusted associate to their international enterprise prospects and channel companions,” he says.
