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Interactive Business Solutions Acquired

Thursday, 17 Feb 2005

The majority equity ownership in Interactive Business Solutions was sold by MCG Capital to Mike May. May brings over 25 years in the security industry and has previously owned and operated multiple security companies throughout his career. May will assume the position of President and CEO. MCG will maintain a minority stake in the company. “IBS provides a platform to integrate a number of companies together that will provide a wide range of video based services. Interactive Video is emerging as one of the leading solutions for security, business analytics and content delivery. We are building a company that will establish a position as the leader in Video Verification,” said May.