Stealth Monitoring Receives Investment from Auxo Management

stealth_monitoringStealth Monitoring, Inc., a Dallas-based video surveillance business, received an investment from Auxo Management, an investment firm led by Robert Cherun and Erik Mikkelsen.

Founded in 2006 by Norm Charney, Stealth focuses on designing, installing and providing pro-active remote video monitoring solutions to multi-family residential, commercial and industrial businesses across the United States.
It will now work in partnership with Auxo’s portfolio company UCIT Online Security, a Toronto-based video monitoring company focused on construction and industrial remote video monitoring solutions with 8 offices across Canada and Washington and 180 employees.

The combination of Stealth and UCIT will include 300+ employees, 9 offices, and the ability to provide a full suite of security services across North America. The companies will have 3 video monitoring command centers across 3 countries, monitoring over 15,000 cameras.

Charney will continue to run the company in Dallas together with his two sons, David and Rick. The Charneys will join Sidney Sommer, who founded UCIT in 2003, along with the UCIT team to continue growing both businesses across North America.




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