Ozone Enterprise Group makes strategic investment in ‘TrulySafe’, aims to provide State of the Art Security & Surveillance and IoT solutions
Ozone Enterprise Group, an Everstone Capital funded company forayed into the fast growing Security and Surveillance industry in India last year by acquiring Wallcam, a company engaged manufacturing and sale of Security and surveillance equipment including CCTV solution.
Continuing with its plans to provide high-tech security & surveillance and IoT solutions to its customers, the group made a strategic investment in ‘TrulySafe’, a company engaged in providing security solution including software & hardware to leading OEM's in Europe and USA. Owing to its expertise in the field of Security and Surveillance, R&D and IT team, TrulySafe has successfully pioneered many industry first solutions.
Leveraging on this strategic investment in TrulySafe, Ozone intents to
(a) Build a robust CCTV platform which will be 100% based in India and curb the security threat of our data going to other countries that we keep hearing about.
(b) Provide new, innovative, predictive, preventive and user friendly interface backed with state of the art Video Analytics engine to our users making safety & security a walk of life.
(c) Integrate Security and IoT (internet of things) on a single platform and offer One-Stop-Shop solution to the users including Smart Homes, Smart offices, Smart buildings, Smart Schools, Smart cities etc.
“The security & surveillance and IoT industry is very dynamic and is going thru a rapid technology transformation. Both the industries are inter-connected in many ways, CCTV solution is just another connected device in the overall IoT mesh. The differentiating factor for any player in the industry will be the solution or the software”. Mr Alok Aggarwal, Founder & Managing Director, Ozone Enterprise Group said
Taking this thought process forward, we have been actively exploring options for either acquiring or investing in an IT development company, and we finally narrowed down on TrulySafe. Going by the credentials of TrulySafe, and the work they have done in the domain, we are excited about this investment, and we are all geared up to make the most of the market opportunity. We will soon be seen as one of the prominent players in the market.” added Mr Aggarwal
Mr Sumanyu Vashistha, CEO & Founder, TrulySafe commented, "Electronic Security industry is majorly driven by one or two technology providers globally and we saw this as a potential opportunity to build End-to-End platform ourselves 4 years back. Based on the genesis of IOT we have developed a robust product ecosystem of Software, video analytics, cloud services and hardware which not only provide advance security solution and integration capability to our systems installers partners but gives air tight security to the user who today is compromising with an ordinary CCTV camera recording. We are extremely thrilled with the investment we have got from Ozone it will help us to grow our R&D and sales operations. We see this as a strategic partnership as Ozone brings expertise to setup global operations efficiently and achieve potential growth.”
About Ozone Enterprise Group
Ozone, an Everstone Capital PE funded company, is a young dynamic organisation having a diversified presence in Architectural Hardware, Safes & vaults, locks, fire & safety doors and urban furniture,. The brand’s solution centric approach has enabled them to grow from a start-up to becoming India’s most popular Architectural Hardware Solution provider, which has been able to prove its worth in international markets. The company has a global presence across 15 countries, 4 R&D centres in Israel, Korea, China & India and 4 state-of-the-art factories in India & China. Ozone offers internationally certified products & solutions through its product portfolio of more than 3000 SKUs across various product categories. Ozone today ranks amongst the top 3 players in India in Architectural Hardware, and amongst the leading players in safes & vaults and fire & safety doors. Ozone has strong presence internationally with offices in India, Canada, Australia, Dubai and distributor’s network in Poland & Saudi Arabia. Ozone is committed towards bringing the most innovative, high quality products with technological edge and superior aesthetics at the most value for money prices to its customers worldwide for a safer world.