Westec triples reach with concurrent acquisitions
IRVINE, Calif.--Westec Interactive finalized three acquisitions on Wednesday to secure an end-to-end solution for the intelligent video monitoring technology firm. The purchase will help the firm enter more verticals and boost its customer base.
The company scooped up DV Dallas and d2 Digital Designs both of Dallas, and Sparta Consulting Group of Frederick, Md. The applications, paired together, give Westec self -sufficient technology. The purchase amount was undisclosed.
"They (customers) can ask for anything," said Darjon Bittner, the previous owner of the two acquired companies and now vice president of technology development at Westec.
The purchases come at a time when the Westec is moving forward. In July, it nabbed $20 million in new financing, $17.5 million from investor Clarity Partners and the remainder from company owner Vento, for technology enhancements, new services and acquisitions.
DV Dallas provides remote video monitoring hardware such as a digital video recorder, and merges alarm panel, intelligent video applications and video surveillance monitoring into a single platform for small commercial and enterprise businesses.
"It's a smart product using a Dell platform," Gerald Vento, chief executive officer and owner of Westec. "It's a durable platform that allows a customer to manipulate information through settings."
d2 Digital Designs is an application development company that creates online applications for digital video, portals and training.
The Sparta Consulting Corp. distributes physical security solutions such as consulting, systems integration and monitoring for housing verticals including hotels and property management.
"It can be more challenging to do big arenas and outdoor facilities," Vento said. However, with the company's niche in that sector, Westec will now move into that vertical.
Westec noticed that its customers have coupled monitoring consumer activity with intelligent video monitoring.
"A lot of companies out there are selling something. What I have tried to do is step back to implement a cross-department system with more and more interaction with other departments," he said.
To read more on this story, see the November issue of Security Systems News.