“DTT has done an outstanding job addressing the unique needs of its target markets, and the results have been compelling,” said William Schmidt, Managing Director at CapitalSource.
Los Angeles, CA (PRWEB) September 06, 2011
DTT Surveillance Inc., a leading supplier of digital surveillance solutions for the restaurant and hospitality industries, announced today that it has secured a $20 million credit facility from CapitalSource.
Sam Naficy, President/CEO at DTT stated, “We have experienced incredible growth over the past two years having more than doubled our subscriber base. We are pleased to have CapitalSource further reinforce its commitment to DTT and look forward to our ongoing relationship.” Naficy further added “this additional funding will enable us to replicate our successful restaurant/hospitality model for other ancillary verticals.”
“DTT has done an outstanding job addressing the unique needs of its target markets, and the results have been compelling,” said William Schmidt, Managing Director at CapitalSource. “Despite the challenging macro environment, DTT continues to demonstrate strong growth and top-tier customer retention. CapitalSource is proud to be extending its relationship with DTT.”
DTT is the largest nationwide provider of high quality video surveillance, as well as loss prevention and managed services focused specifically on the restaurant and hospitality industries. The system integrates business analytics software with surveillance cameras and DVRs to provide operators with actionable business intelligence data.
CapitalSource Inc. is a commercial lender that provides financial products to small and middle market businesses nationwide and offers depository products and services in southern and central California through its wholly-owned subsidiary CapitalSource Bank. As of June 30, 2011, CapitalSource had total assets of $9.3 billion and $4.8 billion in deposits. Visit http://www.capitalsource.com for more information.
About DTT Surveillance
Headquartered in Los Angeles, California, DTT provides digital video surveillance solutions to the Restaurant and Hospitality industries. DTT was founded in 1999 by Sam Naficy, leveraging the power of emerging digital technology to support the needs of a broad base of clientele. Since first launched, DTT has equipped, serviced and supported more than 27,000 clients. Every day, software provided by DTT protects trillions of dollars in assets and oversees nearly 2 million employees. Some of the world’s most popular and respected restaurant brands use DTT including McDonald’s, Subway, Burger King, Dunkin Brands, TGIF, Taco Bell, KFC, Baja Fresh, Focus Brands, and Dairy Queen, to name a few. Please visit http://www.dttusa.com for more information.
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