DENVER, CO – Capstone Partners 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 Capstone 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.”
“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 Capstone 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.”
Capstone Partners acted as exclusive financial advisor to ISONAS in the transaction. Terms of the transaction were not disclosed.
