WildFire Camera Networks, Inc. (www.wildfirecameranetworks.com) is a pioneer in the development, deployment and management of widespread wireless video camera networks, having sold more than a hundred systems in more than a dozen states.
With the financial advisory support of Scale Finance, Wildfire has closed an institutional growth capital transaction through Fulton Bank, the lead banking subsidiary of Fulton Financial Corporation. To support continued robust system sales and a growing backlog to the affordable housing, K-12 schools, hospitals and other key vertical markets and expand Wildfire’s balance sheet, Wildfire engaged Scale Finance LLC. Fulton Bank provided Wildfire with an innovative working capital facility with critically important flexibility and attractive terms.
Video surveillance has become an increasing vital element of public-safety around the globe. Recent tragic events in Sandy Hook and Boston have highlighted the significant benefits public-private partnerships play in delivering comprehensive video surveillance coverage of outdoor, wide-area public spaces.
Wildfire targets the 20,000 2nd and 3rd tier cities and towns and the 3,200 counties in the U.S., initially focusing on their law enforcement and public housing agencies. Once its goal of being the first wireless network in a community is achieved, its public-private partnership, driven by the police chief or sheriff, promotes the expansion of wireless cameras to the private-sector as a community public-safety initiative.
Wildfire’s turnkey, managed networks are an ideal fit for the needs and resources of these very crime-conscious customers. These custom-designed, turnkey-built county-wide, city-wide or property-wide wireless camera networks enable the placement of high-resolution digital video surveillance cameras in virtually any location at disruptively low prices.
About Scale Finance – Scale Finance LLC (www.scalefinance.com) provides support in raising capital, executing M&A transactions, contract CFO services, and Controller solutions to entrepreneurial growth companies. The firm specializes in providing strategic advisory and management for companies raising growth capital and considering M&A/recapitalization opportunities, cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, and business valuations. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up and expansion to tens of millions in annual revenue. Scale Finance LLC has offices throughout the eastern seaboard including Charlotte, Raleigh/Durham, Washington, D.C. and South Florida with a team of more than 50 professionals serving over 100 companies throughout the U.S.