Website: www.westec.net
Type of Transaction: Recapitalization
Summary:
Westec InterActive, based in Dallas, TX, is the leading company providing remote video monitoring systems and services to the retail and restaurant industries. Clients purchase the Westec system in an effort to replace live guards and enhance security and operations. The company designs, sells, installs, services and monitors sophisticated video systems. These systems have the ability to capture video inputs from multiple cameras, record video tied to specific events and send video streams to managers via the internet. This video data enables managers and security personnel to take action. The use of two-way voice enables remote personnel to issue verbal warnings to perpetrators and provides comfort to in-store workers. For managers, these systems provide another layer of protection from the 75% of store shrinkage that result from employees.
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