Safeguard Expands Business Platform with Additional Working Capital

Safeguard Security Holdings, a provider of corporate, industrial and residential security solutions, has secured an additional US$1.5 million of financing from its existing investors and a working capital line from Meridian Working Capital. The combination of equity, debt and working capital enables Safeguard to expand its business platform and to capitalize on new opportunities in both of its consumer and enterprise markets.

“Our investors and financial partners recognize the potential for Safeguard in the security sector and this additional funding will provide the resources necessary to expand both our products and services divisions,” said Michael Lagow, CEO for Safeguard. “We will be announcing several changes and enhancements deployed in our business model over the new few weeks and the positive results these changes have had on our current business.”