Headwaters MB advised ISONAS, Inc., a Pure IP access control company based in Boulder, Colorado on its growth capital raise led by Alerion Capital Group, a private equity and management advisory firm based in Scottsdale, Arizona.
Founded in 1999, ISONAS is growing quickly with proven technology installed at over 25,000 locations within the education, healthcare, multi-tenant, government and commercial sectors. ISONAS was the first access control company to design and manufacture an IP-to-the-door solution that eliminates needless complexity—including inconvenient control panels, separate power supplies as the access points, and dedicated hard-wiring. This innovative structure dramatically reduces costs and increases the flexibility of installation and application.
“This was a growth capital financing from a leading investor that brings both capital and expertise,” said Headwaters Director Tom McConnell. “The transaction will enable ISONAS to accelerate the market penetration of its revolutionary, pure IP access control system and rapidly increase revenues.”
Rob Mossman, CEO of ISONAS, added, “Headwaters helped us to evaluate our strategic alternatives and find the right investor. Tom was there every step of the way to help navigate the market and complete this institutional equity financing.”
“The Internet of Things is upon us, and ISONAS has already established themselves as the market leader for panel-less IP access control. It will be fun to see how their patented innovation redefines the global market and expands the applications for access control systems,” said Headwaters Head of Investment Banking Jack Maier. “We’re proud to have played a part in the continued growth and success of a fellow Colorado company.”
Headwaters MB acted as exclusive financial advisor to ISONAS in the transaction. Terms of the transaction were not disclosed.
Founded in 1999, ISONAS is the first access control company to design and manufacture a cutting-edge, IP-to-the-door solution that eliminates needless complexity—including inconvenient control panels, separate power supply, and dedicated hard-wiring. ISONAS’ network-based PowerNet™ reader-controllers offer a patented technology that easily integrates with Windows-based software to deliver more simplicity, greater value, and total flexibility to go places you never thought possible. With 25,000 readers installed worldwide across a range of organizations, ISONAS provides a proven solution that is revolutionizing the industry. For more information visit, www.ISONAS.com.
About Alerion Capital
Alerion Capital Group is a private equity and management advisory firm investing in technology sector later stage, middle market companies located in the Western U.S. Alerion leverages indepth technology industry and investment insight to provide on-going management assistance, mentoring and guidance, in addition to investment capital. This collaboration coupled with strategic business expertise gained through extensive management experience at leading firms, including Oracle, Hewlett-Packard, Unisys, Lockheed Martin, L-1 Identity Solutions, Fairchild, and Banc One Capital enables us to help companies expand their potential. Alerion is headquartered in Scottsdale, Arizona.