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Created in the Corridor: Security Coverage
CEDAR RAPIDS, Iowa (CBS 2/FOX 28) - A lot of eastern Iowans have come to know the name Steve Gray through his investment in and promotion of the Cedar Rapids casino project, the future of which,
even after the Iowa Racing and Gaming Commission's vote to reject it, remains in question. But one thing you can't question; there's already been a lot of 'Gray area' Created in the Corridor.
Ive made investments in a lot of different companies, says Gray, who serves as executive chairman and chief operating officer at Security Coverage, Inc. He came on board at Security Coverage nearly
ten years ago when annual revenue was just $45,000. I think I was employee #4," recalls Gray, "and now were approaching a hundred paychecks and weve grown the business to several million dollars a
year in revenue and it provides a really neat product.
Security Coverage offers anti-virus, cloud-based backup and password management software to hundreds of internet, broadband and multiple system operator providers. John Bartleson, the firm's chief operating officer, explains his products' reach. (We have) a lot of partners in the Midwest but we branch out through associations to (reach 40-plus states) across the nation.
In addition, the company's 'Tech Home' solution provides full support for any device in a subscriber's home. So if you have a question about, how do I hook up a wireless printer or how do I hook up my TV to my router, you can call if you have our 'Tech Home' subscription through our provider partnership, says Bartleson.
And for Gray, one thing leads to the next; ImOn, when we bought that business it was 36 employees and now its a little over 80 employees . Weve grown the addressable market from about 30,000 homes
to almost 42,000 homes.
Then there's the conversation Gray had with Bruce Lehrman who was running what was then, the CoVault Data Center. ImOn and I became early investors into CoVault," explains Gray. "CoVault merged
with another company, became Involta, and now were operating 7 data centers in 5 different markets."
Gray also is a partner in Ready Wireless, LLC which has multinational agreements with Verizon, AT&T, Sprint and other companies. He sits on the board at NRG Media and is even a player in the John Schnipkoweit tech startup, nextstep.io. People tend to think of Boulder, Nashville, Austin and Omaha to a certain degree, as kind of the opportunities for entrepreneurs and startup businesses and things to really occur. There is absolutely no reason that cant occur in the Corridor here, insists Gray.
Through his investments, Gray estimates that he has helped retain or create close to 500 jobs in the Corridor over the last ten years. And you can bet...he's not done yet.
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