B.C.-based Local Security has announced a partnership with EyeQ Monitoring, a provider of live video monitoring in the United States.
With this partnership, solutions providers will be able to access capital from a $25 million fund to grow their video monitoring portfolios, according to a statement. Investments by EyeQ into customer acquisition, system design, and implementation are planned, as is the eventual growth of the fund itself.
The fund will also support organizations with non-profit status by allowing them to access special capital for facilities improvements and lone worker solutions. Pilots are currently underway in Canada with expansion to the U.S. planned for this fall.
“Local Security is committed to partnerships with communities and the organizations that use cutting-edge technology to secure them,” said Adam Power, CEO, Local Security, in a statement. “Our partners can now access the critical funding required to meet their goals. EyeQ is a clear thought leader in the marketplace, with a reputation for service delivery excellence. We are excited to bring their expertise into our partner ecosystem.”
“We are incredibly excited to be able to partner with Local Security and other innovative solution providers who have wanted to better serve their customers with remote video solutions but previously didn’t have access to reliable partners to do so,” added Markus Scott, CEO, EyeQ Monitoring.
“Although we have been excited about making this investment in the industry for several years, we felt it critical to first ensure we had a high-quality product and training team available to assist our partners not only sign-up customers; but also ensure their long-term satisfaction. With more than a decade in remote video solutions, we are now excited to not only offer those operational resources and experience but also to provide much-needed capital to help our partners grow their business well. We are even more excited for the partnership with Local Security as they also are building solutions that not only differentiate their partner ecosystem but that will enhance the efficacy of our services and all emergency responders.”
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