Company Interview / Eyes everywhere: IMB boosts coverage with AI

Key Points:

Intelligent Monitoring Group acquires BNP Securities to expand its ADT guarding solution Live AI-driven video monitoring enables coverage of over 300 sites, with strong results in deterring and apprehending criminals Cost-effective camera-based security focuses on commercial market, but residential potential noted Strategic acquisitions and organic growth underpin ambitions for future ASX index inclusion

Intelligent Monitoring Group (ASX:IMB) has set its sights on accelerating growth with the acquisition of BNP Securities, a move Dennison Hambling identifies as key to expanding the company’s ADT guarding solution. Hambling states that the integration of AI-driven live video monitoring places Intelligent Monitoring Group front and centre in the guarding and patrol industry, providing an established customer base and new market reach. According to Hambling, the company now covers more than 300 sites across Australia, deters over 11 criminal events monthly, and has assisted police with more than 34 criminal apprehensions this year.

Hambling highlights that the acquisition raises Intelligent Monitoring Group’s total addressable market by fivefold compared to traditional electronic security providers. The current focus lies squarely on commercial premises, where significant cost savings delivered by camera-based monitoring offer a compelling alternative to traditional security guards. Residential uptake remains limited, with only 4% of Australian homes having intrusion alarms, although Hambling sees the technology’s benefits for both sectors.

Hambling outlines an end-to-end business model: live camera feeds triggered by actual events are monitored around the clock at four specialist centres. This allows rapid, coordinated responses, including direct police engagement, with response times averaging eight minutes. With ongoing strong cash flows and two strategic acquisitions this year, Hambling sees further opportunities and positions Intelligent Monitoring Group for potential inclusion in the ASX 300 or ASX 200.