Volpi Capital closes maiden fund at €185m hard cap
17 April 2018
Volpi Capital Partners With Digital Barriers Management In Management Buy-Out
01 November 2017
Volpi Capital and the management of Digital Barriers (“DB”, or the “Company”) completed the Management Buyout of the Company on 31 October 2017.
Digital Barriers is a leading provider of edge-intelligent solutions for the global surveillance and security markets, providing software solutions and cloud services to manage the capture, analysis and streaming of live video, enabling actionable video intelligence to be delivered where it’s needed, when it’s needed. The company counts as its customers flagship defence, security and law enforcement agencies in more than fifty countries, selling directly as well as through large channel partners and on a licensed basis to leading technology companies and service providers.
DB established its reputation with its EdgeVis technology, providing mission-critical surveillance and security solutions to some of the best known surveillance and security agencies in the world. EdgeVis delivers secure, zero-latency video over wireless networks, operating at materially lower bandwidths than any other available technology, making reliable, live video from vehicle deployments, body worn cameras, remote locations and wire-free smart city schemes a reality for the first time.
DB also provides SmartVis SafeZone, a government accredited video analytic software that is deployed on cameras at the edge, or embedded within enterprise or cloud-based video management systems. This software has now been licensed by some of the leading companies in the security industry. In 2016, the Company launched SmartVis Facial Recognition, providing live facial recognition technology that operates cost-effectively on IP cameras, smartphones and even body worn devices in real world environments where other systems fail, for monitoring secure or public spaces against watch lists or providing identity assurance applications.
The Company is headquartered between the UK and US, with regional operations covering
Europe, the Middle East and Asia Pacific.
Zak Doffman, Digital Barriers CEO:
“We are very excited and enthusiastic about our partnership with Volpi, an investor who genuinely understands the long-term potential of our business. Volpi are fully aligned with our plans to bring Digital Barriers’ unique software and solutions to an even wider range of customers across the globe. Through the MBO process we have forged a strong relationship with the Volpi team, and look forward to partnering with them on our growth strategy.”
Yuri Mikhalev, Volpi Capital investment director:
“We are delighted to back the management team led by Zak. They have done an outstanding job in bringing together a class-leading portfolio of IP in video surveillance and security. With DB’s differentiated mission-critical technologies, the team have laid a solid foundation for further expansion into military/law enforcement and commercial uses, in line with our growth-minded investment strategy. Volpi will work with the DB team to support the Company in this endeavour, both organically and through M&A ".
Volpi Capital partners with Version 1 management in Management Buy-Out
03 April 2017
Volpi Capital today announced that on 31 March it partnered with the management of Ireland’s fastest growing IT Services company, Version 1 in their Management Buy-Out of the business, investing €90m of equity.
Version 1 was founded in 1996 by Justin Keatinge and John Mullen and is today one of the fastest growing IT services companies in Western Europe. The company has grown through planned developmental acquisitions to become a
trusted technology partner to major domestic and international customers across all industry sectors in the UK and Ireland. The company will deliver in excess of €100m revenues this year, while at the same time, delivering outstanding
customer satisfaction and world-class employee engagement.
The company has expanded rapidly through organic and acquisitive growth. It is now embarking on its next phase of growth which will see it target more substantial acquisitions while also looking to the European market. The company
intends to double again in size in the next three years.
Volpi’s investment will enable Version 1’s further internationalisation and the creation of up to 300 additional IT consultancy jobs in the next three years.
Tom O’Connor, Version 1 CEO
“We are delighted to welcome Volpi Capital as an equity investor to Version 1. We found in them a real core values fit to Version 1, with an approach to business and growth focus that matches our own ambitious plans. They are fully aligned to Version 1’s growth plans in the coming years and are the ideal partner to help us achieve our ambitious plans.”
Crevan O'Grady, Volpi Capital Partner
“We are very excited to be partnering with Tom and his management team as we set out to achieve Version 1’s growth plans in the coming years. Version 1’s specialist offering, plans for acquisitive growth and desire to internationalise make it an excellent fit for our investment strategy. We back ambitious management teams and in Version 1, we certainly have found that. Throughout our process, we have been hugely impressed by Version 1’s management team, their track record of achievement and their adherence to their core values. Volpi will work with this team to help them grow internationally and to provide with the level of funding this growth will require. Our values and our approach to business is very similar so it is the ideal base upon which to build a business".
build a partnership.”