TMCnet News
ARES Security Has Been Recapitalized to Provide Operational Support for ExpansionWASHINGTON, Jan. 11, 2017 /PRNewswire/ -- ARES Security Corporation (ASC) has recently closed on a structured non-control investment capital raise provided by Corbel Capital Partners. At the beginning of 2016, Madison Street Capital acted as the exclusive financial advisor for ASC, a leading enterprise security risk management company that provides comprehensive end-to-end security software solutions, providing an independent valuation of the company and identifying potential investors. After an extensive period of due diligence, Corbel saw great potential for accelerated growth and closed on the transaction.
"Over the past 5 years we have been expanding our customer base and product portfolio. We recently added the ASSURE product family to provide both situational awareness solutions and cyber capabilities through an acquisition and OEM arrangement. The recent capital raise will help us accelerate our growth both domestically and internatinally and allow us to continue to develop and expand our product portfolio," said Ben Eazzetta, President of ASC. ARES Security released AVERT 8.0 in July 2016 and will begin shipping a new update, AVERT 8.1, to customers under maintenance early in Q1 2017. This version greatly expands on AVERT 8.0's capabilities through improved reporting across different system and threat scenarios, subdivided simulation runs to utilize the maximum amount of computer resources, post combat pathfinding enhancements and more advanced tactics and behaviors during combat. ARES Security will also be updating their AVERT All Hazards solution, adding seismic and flooding modules to its existing wind module, along with increased physical security processing to aid in the overall design. A new module will also be introduced that integrates the real time ASSURE CommandBridge situational awareness platform with AVERT All Hazards to provide a virtual table top exercise solution. About ARES Security Corporation ARES Security Corporation protects the world's most critical assets. As the leading enterprise security risk management solutions company, we are able to safeguard the most complex security systems operated by the defense, nuclear, government, energy, utility, and transportation industries around the world. Our customers optimize their physical security environments by identifying and quantifying risks, and gain situational awareness by integrating information from a variety of sensors into one common operating platform. AVERT has received the U.S. Department of Homeland Security SAFETY Act certification and accreditation from the U.S. Department of Defense. Contact:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ares-security-has-been-recapitalized-to-provide-operational-support-for-expansion-300389342.html SOURCE ARES Security Corporation 
|
