Naficy, President and CEO of DTT, stated that “we are absolutely excited to partner with such a venerable firm as BV. This funding will allow us to accelerate our growth and facilitate our expansion in other areas and markets. I am extremely humbled..."
Los Angeles, CA (PRWEB) March 16, 2012
DTT announced today that it has received a significant equity investment from BV Investment Partners (“BV”), a Boston-based private equity firm that specializes in the information, business services and communication sectors. Founded in 1999, DTT is a leading provider of managed surveillance and business intelligence services for the restaurant and hospitality industries.
Sam Naficy, President and CEO of DTT, stated that “we are absolutely excited to partner with such a venerable firm as BV. This funding will allow us to accelerate our growth and facilitate our expansion in other areas and markets. I am extremely humbled by the trust placed in us by BV and look forward to a long term partnership with them.”
Marco J. Ferrari, a Principal at BV, said, “DTT provides a valuable and compelling managed service offering that provides actionable intelligence to its customer base. The combination of DTT’s video and POS integration provides customers with unique management tools and information services that improve operations and profitability. We are excited about our partnership with DTT and look forward to working with Sam and his team on DTT’s next phase of growth.”
Alper Cetingok, Managing Director and Head of the Security & Defense group at Morgan Keegan, which acted as the exclusive financial advisor to DTT in connection with the transaction, said, “DTT’s partnership with BV will allow it to build on its already strong track record of growth and further distinguish itself in the rapidly expanding market for video-based managed services offerings.”
BV representatives Lou Bertocci, Marco Ferrari and Vik Raina will join DTT’s Board of Directors.
About BV Investment Partners
BV Investment Partners is one of the oldest and most experienced sector-focused private equity firms in North America. Since its founding in 1983, the firm has invested over $2.6 billion in over 75 companies, actively targeting investments in the information and business services and communications industries. For more information, please visit http://www.bvlp.com.
About Morgan Keegan
Morgan Keegan, a full-service brokerage and investment banking firm, has more than 3,100 employees in 300 offices across the country. The firm’s Investment Banking division provides comprehensive merger and acquisition advisory, public equity and private capital services to public and private companies as well as private equity groups. For more information, please visit http://www.morgankeegan.com.
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 two million employees. Some of the world’s most popular and respected restaurant brands use DTT, including McDonald’s, Subway, Dairy Queen, Burger King, Dunkin Brands, and YUM Brands, among others. Please visit http://www.dttusa.com to learn more.