Beringea announces
investment in Optic Vision
DETROIT - Beringea announces a $3.5 million expansion capital deal with Optic Vision Ltd., a leading provider in the fast-growing homeland and cyber security sectors. The funding will support the company's expansion plans, enabling it to meet the strong demand for its services and introduce new products to the government and corporate clients it serves. Beringea's Senior Managing Director, Malcolm Moss, will join the Optic Vision Board of Directors.
Optic Vision is one of the United Kingdom's leading specialists in the design and manufacture of highly sophisticated security systems.
In addition to providing electronic and physical security systems that protect organizations from external intruders, Optic Vision also provides software services that monitor and alert organizations to possible security issues from within - widely believed to be the largest single cause of organizational security breaches. The company's software allows virtually any form of computer IT activity to be tracked and halted if necessary.
Charles Rothstein, senior managing director of Beringea's private equity practice, comments: "With the United States' homeland and cyber security needs evolving so rapidly, we are excited about the growth potential here for Optic Vision. Its innovative products and state-of-the-art technology could exceed the expectations of the American market."
Beringea is an international private equity and investment banking firm with offices in Detroit, Los Angeles, London and Shanghai. Beringea invests in a range of emerging sectors including media, healthcare, Internet technologies, marketing services and advanced communications. For more information on Beringea's private equity activities, visit www.beringea.com.
Beringea Ltd. is authorized and regulated by the FSA in the UK.
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