Westec inks deal for new facility
By SSN Staff
Updated Thu August 4, 2005
IRVINE, Calif.--Weeks after closing on $20 million in expansion financing, Westec InterActive inked a long-term lease this month for a new central station in West Des Moines, Iowa.
The announcement of the location concluded a search that began in June and also included Dallas and Kansas City, Mo. The company expects to open the site in September, and plans to hire up to 120 employees over the next three years.
The interactive video monitoring firm sought a location in the central part of the United States to help better coordinate time schedules with its customers located on the East Coast. The company's primary central station is located here.
West Des Moines offered the company a $1.2-million incentive package over five years, based on planned investment in the area. This includes hiring schedules and infrastructure improvements.
In late June, Westec secured $17.5 million from new investor Clarity Partners and $2.5 million from company owner Jerry Vento. Vento, a former telecommunications executive, purchased the company from Secom Co. Ltd., last fall.
R & R Realty owns the property that Westec will occupy.
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