DTT Surveillance Completes $60M Funding Round
LOS ANGELES — DTT Surveillance has increased its credit facility to $60 million to sustain the firm’s rapid growth.
Capital One Bank served as the lead bank and agent in the transaction, and brought in CapitalSource to complete the funding.
Founded in 1999, DTT is a full service provider of surveillance system and loss prevention solutions for the hospitality and specialty retail industries. In August, the company opened a second office to accommodate its growing staff. Additionally, the firm expects to see an increase to its client base, as it targets convenient stores, small box retail establishments and restaurants.
“I expect adoption of our system to continue to climb sharply,” DTT President and CEO Sam Naficy says. “I’m excited to close out the year with a very strong fourth quarter. I am thankful to Capital One Bank for their continued support. They have served as our anchor in this transaction and were able to bring in CapitalSource as part of the debt structure. These additional resources will help us to continue on our path to further growth.”
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