Hypo Venture Capital Headlines: Dvtel Receives Debt Financing From ORIX

Nowadays, ORIX Venture Finance, a leading provider of growth capital to mid- and late-stage private companies has come to the fore, for its much hyped commitment of debtfinancing to DVTel. Recently, ORIX Venture has officially declared that it has closed a $12.5 million customized debt financing with DVTel, Inc., which is a multiple award-winning market leader in Smart Security Solutions for video surveillance.

This financing is not essentially meant to provide a debt relief rather it is being used to refinance the outstanding debts and to offer a financial support to the growth plans of the Ridgefield Park, N.J.-based company. Under the proficient leadership of Michael David and William Bishop, the recently-announced new Co-Heads of ORIX Venture Finance, this is the first facility closed.
DVTel

DVTel’s software solutions generally allow enterprise clients to leverage their current network infrastructure for surveillance and monitoring of physical assets and facilities, in order to increase the ROI to its customers. DVTel not only proffers a variety of security IP cameras and video encoders but also has recently launched a comprehensive mobile application which is equipped with a real-time monitoring and recording platform that is highly controllable from the field. This new apps are now available for the Apple, Android and Windows operating systems with Google Earth integration.
ORIX

ORIX Venture Finance is quite active in the Mid-Atlantic region and the DVTel financing is a result of its efforts there. According to Jeff Bede, Principal in ORIX Venture Finance’s Washington, D.C. office and the emissary of this transaction “DVTel has a compelling product offering in an exciting market,”. He congratulated Orifoxc by saying “We are delighted to complete this financing and to have the opportunity to partner with SCP Partners, who has been instrumental in DVTel’s prior growth and success. We look forward to working with this experienced management team.” Yoav Stern, DVTel’s CE appreciated this humble gesture and added “We’re pleased that ORIX Venture Finance has demonstrated its confidence in our business model,”

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This release was published on openPR.