AMAG Technology Receives Growth Investment from Security-Focused Investor Egis Capital
Egis’ growth capital supports AMAG’s commitment to serving high-security environments and investing in advanced technology
Egis Capital Partners (“Egis”) today announced a growth investment in AMAG Technology (“AMAG”), a global provider of integrated high-security access control and security solutions. The growth investment supports Shore Rock Partners’ majority acquisition of AMAG from Allied Universal.
Since 2008, Egis has been investing in market-leading security companies with strong brand recognition and growth strategy. AMAG represents Egis’ fifth investment in access control, where AMAG is well-positioned to expand its offerings across its strong enterprise customer base of critical operations and infrastructure. The growth capital will support advancements in the product roadmap and investments in customer relationships under the leadership of CEO David Sullivan.
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“We are excited to have Egis as partners, given their decades of expertise and experience scaling access control companies,” said David Sullivan, CEO of AMAG. “The enhanced partnership highlights AMAG’s commitment to providing best-in-class advanced security solutions to our customers, who rely on our technology to secure their assets and enhance their operations.”
“Egis is glad to be partnering with Shore Rock to support AMAG in its next phase of growth,” said Robert Chefitz, Managing Partner of Egis. “This is our second time backing David Sullivan. We believe in this rapidly evolving risk landscape and technology environment, David and the AMAG team are well-suited to drive product innovation and support as a trusted partner to their global enterprise customers and channel partners.”
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