3SI Security Systems, Inc.

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3SI Security Systems, Inc. - overview

Established

1971

Location

Malvern, PA, US

Primary Industry

Electronics

About

3SI Security Systems, Inc. is a US-based provider of innovative security solutions, specializing in protecting businesses with advanced technology in GPS tracking, video surveillance, and real-time crime response services. Founded in 1971 in Malvern, US, 3SI Security Systems specializes in security technology solutions. In June 2023, the company merged with Wren Solutions, which aims to enhance product development and operational scale.


The leadership includes CEOs Matt Kushner and Todd Leggett, who guide the company through strategic growth. The company has completed a total of 6 deals, with the most recent funding round being a Secondary Buyout that raised USD 58. 00 mn from American Capital, totaling the funds raised to USD 58. 00 mn.


3SI Security Systems offers a comprehensive suite of innovative security solutions designed to protect businesses and enhance safety across various sectors. The core product offerings include advanced GPS tracking devices, camera and video surveillance systems, and a robust video management system known as Surveill VMS. These solutions address critical use cases such as theft prevention, asset protection, and real-time crime response by integrating seamlessly into both private and public sector operations. The DirectToDispatch™ (DTD) service stands out as a unique feature, providing law enforcement with real-time data to facilitate effective responses to criminal activities.


3SI serves a diverse clientele, including corporations, healthcare facilities, educational institutions, and law enforcement agencies, with a geographic focus that spans North America and extends to select international markets. 3SI Security Systems generates revenue through a structured model that encompasses the sale of products and subscription-based services. The company’s financial transactions typically involve direct partnerships with businesses and law enforcement agencies, providing them with essential security technology to meet their operational needs. Clients may engage with 3SI through tailored contracts that include installation, ongoing support, and access to the DirectToDispatch™ service.


Specific pricing plans for flagship products, such as the Surveill VMS and GPS tracking devices, are designed to align with the scale of deployment and the complexity of the client’s security requirements. By offering a blend of hardware and software solutions, 3SI ensures its clients receive reliable support in safeguarding their assets and enhancing public safety. In June 2023, 3SI Security Systems merged with Wren Solutions, enhancing its capabilities to drive new product development and innovation. The company plans to leverage recent funding of USD 58.


00 mn from the Secondary Buyout to scale its operations and diversify its product offerings. Future initiatives include launching new security products and potentially expanding into international markets, although specific regions and timelines have yet to be detailed.


Current Investors

3SI Security Systems / Wren Solutions, LLR Partners

Primary Industry

Electronics

Sub Industries

Security Services, Electronics, Monitoring & Security Software

Website

www.3sisecurity.com

Verticals

Artificial Intelligence, Cloud Computing, Manufacturing

Company Stage

Merged

Total Amount Raised

Subscriber access only

3SI Security Systems, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
MergerCompleted3SI Security Systems, Inc., Wren Solutions-
Add-onCompletedCovertTrack Group, Inc.-
Secondary BuyoutCompleted3SI Security Systems, Inc.-
BuyoutCompletedRichard Irvin Marine Safety-
BuyoutCompleted3SI Security Systems, Inc.-

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