Innovative security services company Iverify announced today the appointments of Joachim Gfoeller, Jr. and Todd Freeland to its Board of Directors, and the election of current board member and former Muzak CEO, Bill Boyd, as its Non-Executive Chairman of the Board.
With over 25 years experience in money management and private equity investment, Joe Gfoeller is currently the Managing General Partner of GMG Capital Partners, LLC., a New York-based venture capital firm investing primarily in technology-driven companies. Prior to co-founding GMG, Mr. Gfoeller was one of the founding partners of Stolberg Partners, a New York based buyout fund and also served as a vice president of the money management firm, Weiss, Peck & Greer.
“I look forward to working with the members of the Board and contributing to the future success of such a unique company and brand,” commented Mr. Gfoeller. “I believe Iverify has the right management team, financial resources and technology in place to position the company for significant growth.”
Todd Freeland joined the ownership and management team of Iverify as its Chief Financial Officer in January 2009. Prior to joining Iverify, Mr. Freeland was a Managing Director, Head of the Media, Communications & Technology group, and member of the investment and corporate banking management committee at BMO Capital Markets (formerly Bank of Montreal). Prior to joining BMO, he served as Managing Director and Head of Media and Communications investment banking at Goldsmith Agio Helms (now Lazard) and also served for over 12 years in the investment banking divisions of Goldman Sachs and Morgan Stanley.
“I’m delighted to be joining Iverify at this important stage of its growth, and I look forward to partnering with Mike May and the rest of the team as we continue to build the company into one of the leading security services providers in the United States,” Mr. Freeland remarked. “Given our unique combination of leading-edge technology and proven ability to deliver enhanced security results at lower costs to clients, we are well-positioned to achieve substantial growth in 2009 and beyond. I’m excited to be a part of this opportunity.”
“The experience and vision of our board of directors is a significant competitive advantage for Iverify,” added Mike May, President and Chief Executive Officer of Iverify. “The appointments of Joe Gfoeller and Todd Freeland strengthen the Board, and provide our company with valuable depth and insight as we continue to strengthen our position within the security industry.”
In addition to the new Board appointments, current board member Bill Boyd has been elected as the company’s Non-Executive Chairman of the Board. Bill Boyd, the former CEO of Muzak and present chairman of Agility Recovery Solutions, was appointed to Iverify’s board more than a year ago.
Mr. Boyd also serves as an executive-in-residence at Queen’s University of Charlotte and is part of the Leaders in Action speaker series. He is a board member of Pyramid Radio, ScentAir, Ironwood Equity Partners, Ben Craig Center, Thompson Child & Family Focus, Broadcast International, Inc. and Muzak Focus Four.
“Bill’s background as a successful entrepreneur and long history of working with rapidly growing companies has proven to be a perfect fit for Iverify,” said Mike May. “The Board asked Bill to accept the role of Non-Executive Chairman in recognition of the significant support he has provided as a board member and the value he brings as an advisor.”
Iverify is an innovative security company that lives and breathes the protection of people so that they have safe places to shop and work. From its state-of-the-art audio and video monitoring center, called The “I”, Iverify uses breakthrough surveillance technologies that put virtual eyes, ears and voice commands in every corner of a business. Specially-trained Protection Specialists actively monitor local, regional and national locations to reduce loss from internal theft, shoplifting and robbery, creating more secure environments, happier, more productive employees, and a stronger, more profitable businesses.