ORIX Venture Finance Makes $12.5 Million Commitment to DVTel

Term Loan is First Transaction under Group Co-Heads

WASHINGTON--()--ORIX Venture Finance, a leading provider of growth capital to mid- and late-stage private companies, today announced it has closed a $12.5 million customized debt financing with DVTel, Inc. a multiple award-winning market leader in Smart Security Solutions for video surveillance. This financing will be used to refinance debt and support the growth plans of the Ridgefield Park, N.J.-based company. It also marks the first facility to close under the leadership of Michael David and William Bishop, the recently-announced new Co-Heads of ORIX Venture Finance.

DVTel’s software solutions enable enterprise clients to leverage their existing network infrastructure for surveillance and monitoring of physical assets and facilities, which increases the ROI to its customers. DVTel also offers a range of security IP cameras and video encoders and recently launched a comprehensive mobile app which provides a real-time monitoring and recording platform that is highly controllable from the field, and available for the Apple, Android and Windows operating systems with Google Earth integration.

ORIX Venture Finance continues to be very active in the Mid-Atlantic region and the DVTel financing is a result of its efforts there. “DVTel has a compelling product offering in an exciting market,” said Jeff Bede, Principal in ORIX Venture Finance’s Washington, D.C. office, who led this transaction. “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.”

“We’re pleased that ORIX Venture Finance has demonstrated its confidence in our business model,” said Yoav Stern, DVTel’s CEO. “We believe it is crucial to have committed financial partners that understand our market, growth and financing needs.”

“Adding ORIX Venture Finance as a financial partner is a very positive step for both DVTel and SCP Partners,” noted Edmundo Gonzalez, Principal at SCP Partners. “ORIX Venture Finance’s commitment to adapt to its clients’ evolving needs and to offer flexible capital solutions is a great fit for us.”

About ORIX Venture Finance

ORIX Venture Finance, an ORIX Corporate Capital business unit, provides customized financial solutions up to $50 million in capital per transaction to mid- and late-stage companies which have established customers and run-rate revenues of $10 million or greater. Since its inception in 2001, ORIX Venture Finance has invested in 90 growth companies throughout the U. S. and Canada. www.orixventurefinance.com.

ORIX Corporate Capital focuses on customized financing and investment solutions for small and mid-sized growth companies. ORIX USA, the parent of ORIX Corporate Capital, is a Dallas, Texas-based financial services and investment firm with over 1,400 employees and primary offices in Dallas, New York, Los Angeles, Columbus and Minneapolis. ORIX USA holds approximately $5.8 billion of assets and manages through various subsidiaries an additional $25 billion. ORIX USA Corporation (http://www.orix.com) is a wholly owned subsidiary of ORIX Corporation, a Tokyo-based, publicly owned international financial services company with operations in 27 countries worldwide. ORIX Corporation is listed on the Tokyo and New York Stock Exchanges.

About DVTel

DVTel develops, designs, and provides smart security solutions for video surveillance that help protect critical infrastructure -- in transportation hubs, city centers, nuclear and power facilities along with buildings and campuses of corporations, educational institutions and government facilities. DVTel ties together leading edge IP-based cameras and encoders, with built-in analytics capabilities that detect and report security threats, creating a powerful security “edge." DVTel's solutions address the security needs of single locations requiring as few as two to three cameras, as well as those with global operations and thousands of video channels spread throughout a continent or around the world. For more information, go to www.dvtel.com.

About SCP Partners

SCP Partners is a multi-stage venture capital firm focused on companies in high growth industries, with an emphasis on technology. The firm manages capital in excess of $800 million and generally invests in companies with commercially proven technologies that need capital to implement and market their business concepts. Areas of investment focus included information and communication technology, life sciences, services and defense and security. SCP is headquartered near Philadelphia, PA, and maintains offices in New Jersey, New York and Washington, D. C.

Contacts

C. Pharr & Company for ORIX Venture Finance
Shelby Sabin, 214-763-6068
Shelby@pharrpr.com

Release Summary

ORIX Venture Finance Makes $12.5 Million Commitment to DVTel

Contacts

C. Pharr & Company for ORIX Venture Finance
Shelby Sabin, 214-763-6068
Shelby@pharrpr.com