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Mobitel acquires majority stake in M3Force to spearhead Integrated and Intelligent Security solutions

Mobitel acquires majority stake in M3Force to spearhead Integrated and Intelligent Security solutions

 
 
Exchanging of the strategic partnership agreement between (middle) Sri Lanka Telecom and Mobitel Chairman Mr. P. G. Kumarasinghe Sirisena and Chairman - WatchGuard Security and Investigations Pvt Ltd/M3force Pvt Ltd Major Vijith Welikala. Also present were (from left) Mobitel Chief Executive Officer Mr. Nalin Perera and Director - WatchGuard Security and Investigations Pvt Ltd/M3force Pvt ltd Ms. Jithmi Welikala.
 
Expanding its portfolio of business solutions dynamically to support companies in Sri Lanka grow and expand intelligently, Mobitel announced its acquisition of M3Force (Pvt) Ltd, by taking a majority stake in the security solutions company. This strategic acquisition enables superior state-of-the-art integrated intelligent security solutions to be deployed for businesses in the country. In recent months, Mobitel’s business solutions have expanded to incorporate a variety of services aimed at empowering customers with the latest technology and tools to enhance profitability while simultaneously assisting them to adopt technology platforms. This newest investment will empower Mobitel to spearhead Integrated, Intelligent Security solutions in the country through M3Force’s expertise in handling security solutions, with Mobitel infusing its technology experience. This acquisition is aligned with Mobitel’s objective to change the conventional way of handling security by bringing the latest technologies such as Deep Learning, Machine learning and Artificial Intelligence into play. M3Force was selected as the appropriate partner as it mirrors the goals of its new parent, Mobitel. The first initiative in this new alliance would be to establish centralized Monitoring and Response as a Service which will be the heart of the entire integrated, intelligent security solution portfolio. NDB Investment Bank and Nithya Partners acted as the advisors to the transaction between the parties. 
 
Customers can avail of a variety of intelligent security solutions as a result of this new venture, such as to Supply, Install and maintain CCTV; Surveillance equipment; intruder detection; Tracking; Video analytic services based on Deep Learning, Machine Learning and AI; Access Control systems (People/Vehicles); Security scanning equipment - Metal detectors, XRay, Millimeter wave etc; Secure communication devices – PTT, Panic Button etc;  Emergency response – Commando on Call; Close Protection Officers; Defensive Drivers; K9 (canine) with Handler; Cease Fire – Fire extinguishers, engines, prevention/ management systems; and Event Security Management. All services will be provided as an integrated solution with advanced intelligence built in through technology.
 
Pre-empting the demand for technology-backed surveillance systems, Mobitel, as Sri Lanka’s National Mobile Service Provider, has taken on the mantle of bringing the best security solutions through its acquisition of M3Force. Mobitel is contributing towards the nation’s development by developing the ICT landscape through its service offerings and technology by bridging the digital divide. Built around the concept of customer centricity and the ‘Care’ promise, Mobitel keeps adding value to its packages in response to customer needs. 
 
M3Force, being a part of WatchGuard Security and Investigation (Pvt) Ltd. provides one-stop comprehensive security solutions, comprising the best ever emergency responding team exclusively consisted of well-trained ex-servicemen, technically supported by security audit and design, installation and commissioning of integrated security systems and maintenance of security technical systems. 
 
Released date: 
Thursday, June 20, 2019
Press Release Type: 
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