I found the following via a google search on the name of one of the BONU directors, Raj Pamani. Stephen Browand also appears. I don't think this company succeeded in fulfilling the expectations stated by Mr. Pamani.
By the way, there appear to be at least two spelling referring to the same person. Pamani and Pamnani.
NY Security taps $3M in VC funds
By Solnik, Claude
Publication: Long Island Business News
Date: Friday, December 14 2001
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GARDEN CITY - In a sign that the security industry has increasing allure for investors, The New York Security Service Group last week said it reeled in $3 million from Quantum Venture Partners, a Manhattan venture capital firm.
The Garden City company, which provides security for corporations, celebrities and executives, said it would use the money to open offices around the world. The company had received $7 million from Quantum about a year ago
They're getting a lot of contracts," said Raj Pamani, managing partner at Quantum Venture Partners. "Security is a good place to be. Sept. 11 is a big reason. We feel a lot of federal money and private money will be deployed for security."
Taken together, the $10 million is Quantum's biggest investment to date. Earlier, it had invested $4 million in Fibernet, which provides broadband access to buildings in New York City, and about $5 million in a company that runs an awards ceremony for Indian films.
"We want to use this company (NYSSG) as a launching pad to look at other companies in this space," Pamani said. He noted that smaller tech security companies might make attractive acquisitions.
New York Security provides protection for executives and celebrities and their families, as well as evacuation plans and security programs for companies.
The company said it does about 65 percent of its business within the United States. It has six satellite offices. CEO Stephen Browand said the company plans to use the funds to open three more offices in Europe and Asia.
"We do everything from kidnap extractions through high-profile personal protection," Browand said. "We do security site surveys for Fortune 1000 companies. We deal an awful lot with high-profile individuals in the investment community."
Browand said the Sept. 11 events have resulted in contracts valued at about $500,000 a month.
The firm said going public wasn't in the company's plans, especially at a time when Wall Street has been unreceptive to IPOs.
"It's something we may do," said Browand.
