The latest news from the Security industry for December 2013.
DTT, Los Angeles, 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 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 told SDM that the capital will serve to accelerate the company’s growth in two new vertical markets it entered earlier this year: specialty (or small box) retail and convenience stores. The credit facility also will support the continued fast-paced growth of DTT’s core vertical: hospitality.