On Tuesday, SecureAlert, Inc. reported the completion of their acquisition of the remaining 46.855 percent in outstanding capital stock of Midwest Monitoring & Surveillance, Inc. (MM&S) headquartered in Minnesota. As a result of the acquisition, MM&S is now a wholly owned subsidiary of SecureAlert, Inc.
Mr. John L. Hastings III, President & CEO of SecureAlert, Inc., said, “As we focus on expanded domestic services and global growth opportunities, it made good business sense for us to exercise our option to complete the acquisition of MM&S at this time. MM&S provides not only a foundation for revenue growth, but recent MM&S contract wins are contributing to overall improved bottom line results of the Company. Additionally, the Company anticipates further financial synergies through the close collaboration and integration of the two Companies’ operations, personnel and sales efforts.”
Mr. Gary Shelton, General Manager and former Founder and President of MM&S, said, “We are very pleased to be part of SecureAlert, Inc. and its worldwide reach and influence of the electronic monitoring industry. I am also pleased to continue supporting the growth plan of the Company and to facilitate the profitable integration of our organizations, which will benefit our customers and employees alike. Importantly, we will continue to offer a portfolio of reliable electronic monitoring equipment and services, which has been embraced by the Company, and will be expanded through this valued relationship.”
Headquartered in Sandy, Utah, SecureAlert, Inc. is a leading international provider of patented, wireless electronic monitoring systems, case management, and services to public safety agencies. These are used by law enforcement agencies globally.
The Company offers real-time intervention services and innovative technologies. These are to observe and track offenders wherever they may be. SecureAlert, Inc. delivers highly reliable intervention technologies and peace-of-mind via programs that allow probationers and paroled offenders to re-enter society by electronically monitoring them 24 hours a day, for enhanced public safety. These programs reduce the overall burdens and costs carried by the criminal justice and corrections systems. The Company formerly went by the name RemoteMDx, Inc. They changed their name to SecureAlert, Inc. in February of 2010.
For more information visit: www.securealert.com