IRVINE, Calif. -- Westec InterActive, a provider of intelligent video monitoring services for businesses, and Clarity Partners, an $800 million private-equity firm focused on communications, media and technology, have announced that Clarity invested $17.5 million in Westec InterActive.
Also, Westec CEO/Owner Gerald T. Vento invested an additional $2.5 million, for a total invested amount of $20 million. The capital will be used to expand development of Irvine, Calif.-based Westec's technologies for intelligent business monitoring and to allow the company [image-nocss] to grow through acquisitions.
Clarity's investment in Westec reinforces our belief in Jerry Vento's vision of intelligent business monitoring that goes beyond traditional security. Westec is leading the frontier in the application of these intelligent technologies, and we look forward to a successful partnership, said Clint Walker, a partner at Los Angeles-based Clarity Partners.
"Beyond its investment into Westec, Clarity Partners brings strategic vision and expertise that will support our efforts to grow Westec into the most sophisticated and capable source for intelligent business monitoring," Vento said.
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