Financing enables company to expand product platforms, service offerings and sales channels
Los Angeles, CA (November 24, 2009)
DTT Surveillance Inc, one of the leading suppliers of digital surveillance solutions for the restaurant industry, announced today that it has secured $15 million of debt financing provided by CapitalSource.
“This is an incredible moment for our company and staff,” said Sam Naficy, president and CEO of DTT Surveillance. “CapitalSource’s significant and continued commitment reinforces our position as the leader within our space. In less than six months we have secured over $22 million of debt and equity financing.”
“This financing, in addition to the equity infusion received in June from Post Capital Partners and Gemini Investors, will allow us to execute our long-range plan, including the introduction of exciting new product platforms, service offerings and our efforts to expand sales into new channels. We remain focused on the restaurant and hospitality space and are actively looking for strategic opportunities,” added Naficy.
CapitalSource’s Security Lending Group works with middle market companies across multiple verticals and provides a broad range of products to address the complex challenges of the security industry.
“We are very pleased to be working with DTT Surveillance, which we view as one of the important innovators in the security industry,” said Bill Polk, CapitalSource’s managing director, security commercial finance. With their laser-like focus on the restaurant industry, DTT has successfully developed a video surveillance platform that establishes a standard for commercial physical security services focused on the video space.”
Imperial Capital served as the exclusive investment bank representing DTT on this transaction. “We were happy to assist DTT, an emerging leader in the fast growing remote video surveillance space, in achieving this milestone financing,” added John E. Mack III, Imperial’s co-head of investment banking.
About CapitalSource, Inc.
CapitalSource Inc. (NYSE: CSE) is a commercial lender that provides financial products to middle market businesses and offers depository products and services in southern and central California through its wholly owned subsidiary CapitalSource Bank. As of September 30, 2009, CapitalSource had total commercial assets of $10.4 billion and $4.4 billion in deposits. The Company is headquartered in Chevy Chase, MD. Visit www.capitalsource.com for more information.
About Imperial Capital, LLC
Imperial Capital, founded in 1997, is a full-service investment banking firm with offices in Los Angeles, New York, and San Francisco. The firm currently employs over 160 professionals and offers a wide range of proprietary products and services to institutional investors, middle market companies, and private equity firms. Imperial Capital's investment banking group provides capital markets, M&A, capital structure, restructuring and recapitalization advisory services to middle market companies and private equity firms. Imperial Capital provides research and sales and trading of high yield and distressed debt securities, bank debt, convertible bonds, preferred stocks, and equities. More information about Imperial Capital and its investment banking services can be found at www.imperialcapital.com.
About DTT Surveillance
Headquartered in Los Angeles, California, DTT provides Digital Video Surveillance solution for Restaurant and Hotel industries. DTT was founded in 1999 based on a mandate, utilizing digital technology, to support the needs of a broad base of clientele. Since first launched, DTT has equipped, serviced and supported more than 20,000 clients. Every day, software provided by DTT handles over 6 trillion frames, protects $800 billion in assets and oversees in excess of 1,000,000 employees.
Subway, McDonald’s, Burger King, Dairy Queen, Baja Fresh, YUM Brands, Jack in the Box, Fat Burger, KFC, Steak ‘n Shake, TGI Friday’s, IHOP and Holiday Inn Hotels are a few of DTT’s clients.
For more information on the company, its products or services please visit its web site at www.dttusa.com or call (800) 933-8388.