We are delighted to partner with Sam Naficy and his talented management team by providing capital to support the Company's continued rapid growth. DTT has all the elements we seek in a successful investment: talented management, strong momentum in the marketplace, a high quality and enthusiastic customer base, and proprietary technology and business practices.
Los Angeles, CA (PRWEB) June 10, 2009
DTT Surveillance Inc, the leading supplier of digital surveillance solutions for the restaurant industry, announced today that it has raised $7 Million of growth equity in a minority investment led by Post Capital Partners, with Gemini Investors also participating. The funds will be used for growth capital and to expand upon the company's rapidly growing restaurant and hospitality business.
"This is a great testament to our staff and our unique focus on providing our customers unparalleled service and support. To have two Private Equity groups give such a resounding stamp of approval to DTT further illustrates our leading position in the marketplace," Sam Naficy, Chief Executive Officer, stated.
Michael Pfeffer, Managing Director from Post Capital stated "we are excited to partner with Sam Naficy and his team to continue DTT's growth as the leading provider of video surveillance solutions for the quick serve restaurant industry."
Jim Goodman, President of Gemini Investors stated "We are delighted to partner with Sam Naficy and his talented management team by providing capital to support the Company's continued rapid growth. DTT has all the elements we seek in a successful investment: talented management, strong momentum in the marketplace, a high quality and enthusiastic customer base, and proprietary technology and business practices."
Michael Pfeffer from Post Capital and Jim Goodman from Gemini Investors will be joining Sam Naficy, Steve Pazuk and Al Berger on DTT's Board of Directors.
About Post Capital Partners
Post Capital Partners is a private investment firm that invests in small and lower middle-market businesses with solid fundamentals and a history of stable cash flow and/or attractive growth prospects.
The core of the Post Capital investment strategy is partnering with proven and committed operating executives, who may be a strong incumbent team and/or new team drawn from our extensive network. We believe that the primary determinant of the success of an investment is the quality of the operating management.
Post Capital, based in New York City, has a committed capital fund consisting of sophisticated family and institutional investors.
About Gemini Investors
Gemini Investors ("Gemini") and its predecessor entity have been making investments in middle market companies since 1993. The firm has invested in over 75 middle market companies since its inception. Gemini has raised four equity investment funds in 1995, 1997, 2000, and 2005, and currently has about $350 million of capital under management.
Gemini's investors include leading financial institutions, private individuals and families. The firm's headquarters are in Wellesley, Massachusetts, and it maintains a second office in Minneapolis, Minnesota. Gemini was recently named the Small Business Investment Company of the Year by the U.S. Small Business Administration.
Gemini invests in rapidly growing, established companies. Gemini invests throughout the United States in a wide range of industries. Areas of particular focus at Gemini are consumer services, business services, technology, education, manufacturing and distribution.
About DTT Surveillance
Headquartered in Los Angeles, California, DTT provides Digital Video Surveillance solutions 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, 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 http://www.dttusa.com or call (800) 933-8388.