Sam Shalaby acquires Wavestore, becomes new CEO

July 12, 2023
Former Feenics CEO to lead VMS provider

OTTAWA, Ontario, Canada, July 12, 2023 – Wavestore, a leader in video management software and analytics for the physical security industry, announces an exciting new chapter in the company's journey, welcoming Sam Shalaby as its new owner. A long-standing industry entrepreneur with a proven track record of scaling innovative companies, Shalaby’s leadership will accelerate Wavestore's expansion into new markets and enable the company to deliver leading-edge, customer-focused solutions to an even larger audience.

Under the leadership of Managing Director Mark Claxton, Wavestore has successfully combined the agility and customer-centric approach of a start-up with the resilience of an established operation. The Wavestore solution has been instrumental in securing prestigious customer wins across the globe, from the U.S. to the Middle East, providing end-users with exceptional value while empowering integrators and consultants to expand regional sales.

"We’re focused and committed to investing heavily in product development,” said Mark Claxton, Managing Director of Wavestore. “Our suite of video analytics tools, integrations and accessible, actionable data is truly transforming how people see their world."

Shalaby's previous experience, notably as founder and CEO of Feenics and owner of Future Security Controls, demonstrates his ability to grow businesses by leveraging cloud-based technologies and investing in talented and capable personnel while focusing on customer needs. His knowledge and expertise will serve as a catalyst to further extend the reach of Wavestore’s video management solutions.

"I'm thrilled to join forces with the talented team at Wavestore,” said Shalaby, CEO of Wavestore. “Mark and I share a strong commitment to customer-centric innovation and growth. I believe my guidance will enable us to unlock Wavestore's full potential in the market." Shalaby was recently inducted into the SP&T News Hall of Fame for his ongoing contributions to the industry as a mentor and visionary.

The current team at Wavestore will be complemented with additional talent in North America. With an engaged, motivated and enthusiastic team, Wavestore is well-positioned to establish new Partnerships and reaffirm existing ones to explore potential business prospects. Planned expansion to new locations in Canada, the U.S., Europe and the Middle East will position Wavestore to boost its growth in untapped markets and capitalize on its global achievements amassed while serving 21 years in the industry.

Wavestore is actively seeking new partners across all sectors that will benefit from technology that enables change-makers in operations to gain insights, make decisions and take actions that protect people and assets, prevent losses and innovate customer and employee experience. Existing partners are invited to reconnect and explore exciting new business opportunities together. To learn more about Wavestore's partnership opportunities, visit or contact the team at [email protected] (UK/EU) or [email protected] (Americas).