Securex Financial Corp
Len Sudermann is the founder of Securex Financial Corp. Prior to launching Securex in 1990, Len worked for Duff Roblin, former Premier of Manitoba and Senator, at Metropol Security. There, Len established Canada’s first non-competing monitoring service. Through this experience Len recognized that alarm dealers required capital to compete with their larger competitors. To this end Securex began acquiring monitored accounts or the Dealer’s shares. The financings would be invisible to the dealer’s customers, with the dealer continuing to receive one third of the RMR therefrom in consideration for providing all customer service and account maintenance activities. Thus the dealer would retain the business’s goodwill and the referral business which flows from a well-managed account portfolio. Today, Securex finances several of Canada’s largest independent dealers as well as many others.