Industry News | September 8, 2011
DTT Secures $20 Million in Financing From CapitalSource
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, says, “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. 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,” says 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.
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