DTT, Los Angeles, Calif., announced that it increased its credit facility to $60 million, through a round of funding led by Capital One. Capital One Bank served as the lead bank and agent in the transaction, and brought in CapitalSource to complete the funding.
DTT is a leader in digital surveillance and loss prevention solutions for hospitality and retail, and the increased funding will be used to sustain the company’s continued rapid growth over the last few years. In August DTT opened a second office to accommodate a significant increase in staff. DTT is currently ranked No. 24 in SDM’s Top Systems Integrators Report, climbing from No. 34 in 2012.
Sam Naficy, president and chief executive officer of DTT stated, “As we venture into the specialty retail space, targeting convenient stores and small box retail establishments now in addition to restaurants, I expect adoption of our system to continue to climb sharply. I’m excited to close out the year with a very strong fourth quarter.”