SIS Security sets up new JV with Spain's Prosegur - Feedback

SIS Security, one of India’s largest security services companies, has formed a new joint venture with Spanish security services giant Prosegur, to offer alarm monitoring and response solutions for homes and small businesses.

This is the second JV between the two entities, and comes about four years after the two companies got together to form SIS Prosegur, which provides cash logistics services to financial institutions and commercial establishments. As per the terms of the new joint venture, the yet-unnamed new entity will receive an initial capitalisation of Rs 100 crore from SIS and Prosegur, and will initially launch in Gurgaon, before rolling out services across Mumbai, Bengaluru, Hyderabad and Chennai.

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