Firm expands state's presence

The fallout of the housing market crash remains a boon for Envera, a Sarasota-based security technology firm.

Envera uses a combination of proprietary software and Internet technologies to monitor gated home communities across Florida from a remote location. The company's pitch, that it replaces or at least augments a gated community's 24-hour live human being security service, resonates with cash-deficient homeowners associations still reeling from foreclosures.

In fact, the company, founded in 2007, has grown from one contract a quarter to one or two new customers a month, says Envera executive Mark Midyett. Annual revenues, around $4.5 million in 2010, are projected to grow at least 50% in 2011. “It may be even better,” Midyett tells Coffee Talk.

The company also recently opened an office in Boca Raton. “We see a tremendous amount of opportunity there,” says Midyett, Envera's senior vice president of operations. “There are a lot of gated communities on that side of the state.”