Post Capital Partners today announced that it has completed a recapitalization of IntraLogic Solutions, LLC (“IntraLogic Solutions”, “ILS” or the “Company”) in partnership with Lee Mandel, Founder and CEO of IntraLogic Solutions. Mr. Mandel will continue to lead the Company as its CEO.
Based in Massapequa, New York, IntraLogic Solutions is a leading national security solutions provider that offers a comprehensive security solution for a range of end markets, with a particular emphasis on school safety. The tragedy of school shootings continues to highlight the inadequacy of the legacy school security infrastructure, which largely features disparate and antiquated systems that do not fully protect a facility and require many manual processes in the event of a crisis situation. In addition to schools, ILS’s safety and security solutions are applicable wherever people gather, such as shopping malls, hospitals, religious institutions, movie theaters and on public transportation.
Michael Pfeffer, Managing Director of Post Capital, said, “We are thrilled to partner with Lee Mandel and IntraLogic Solutions. Lee has done a tremendous job of developing advanced technology and software which has allowed ILS to grow quickly over the years and to fulfill a large security void within these institutions. We look forward to working with Lee and the rest of the team to continue to serve schools and public centers to provide a safer environment for all.”
Mr. Mandel founded IntraLogic Solutions in 2004 with the mission of solving complex and evolving security challenges through the development of software and the goal of automating and simplifying the security process for its customers. “IntraLogic Solutions is committed to delivering security solutions to the education market and points of congregation nationwide,” said Mr. Mandel. “We are excited to embark on our partnership with Post Capital. Utilizing Post’s experience in the security industry, we will be able to make continued investments in our staff, to accelerate our product development efforts and to continue to expand our distribution channel so we can extend our reach to more clients rapidly and further our commitment to help our customers protect their students and staff.”
IntraLogic Solutions’ internally-developed One-Button Lockdown software can fully integrate a school’s video management system (VMS) and cameras, PA system, access control system, electronic door locks, and various other hardware and software technologies into one comprehensive platform, enabling school administrators to fully automate a lockdown process with the push of a button. “During a lockdown seconds matter and seconds save lives. The One-Button Lockdown automates a process that normally takes multiple minutes and speeds it up to seconds. In a crisis situation you don’t want to, and don’t have time to, pull out a check list and decide what you do first, second, or third,” said Mr. Mandel.
IntraLogic Solutions Inclusion One ALERT (Active Law Enforcement Response Technology) software enables first responders to connect directly to multiple video management systems from multiple end-users (e.g. schools, shopping malls, movie theaters, hospitals, etc.) via a single common operating picture (COP), so that during a lockdown situation, first responders can access 3rd party video cameras, door locks, PA systems, and floor plans instantly regardless of the software installed at the incident-facility.
Richie Perna, Vice President of Business Development of Intralogic Solutions added, “Solving this problem is very complex, as there are multiple technologies that must be tied together. Our software is designed to be flexible so that customers can deploy it in conjunction with legacy systems and customizable so that dealers can add to, expand and really fully integrate their product offering. Our partnership with Post Capital will allow us to extend our partner and dealer program nationwide and to deploy IntraLogic Solutions’ effective and life saving software to customers faster.”
Brookside Mezzaine Partners provided financing for the transaction, McGuireWoods LLP served as Post Capital’s legal advisors and Crowe LLP served as Post Capital’s financial advisor on the transaction. Post Capital was introduced to the opportunity by Aleutian Capital. Nixon Peabody LLP, Marcum LLP and U.S. Sterling Securities served as advisors to the Company.