Volpi Capital and the management of Digital Barriers have completed the Management Buyout of the company on 31 October 2017. The remainder of the original business continues to be listed and has renamed itself ThruVision PLC.
Digital Barriers is a 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.
Digital Barriers 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.
DigitaL Barriers 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 body worn devices in real world environments 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, stated, ‘We are very excited and enthusiastic about our partnership with Volpi, an investor that genuinely understands the long-term potential of our business. Volpi is 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, added, ‘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 Digital Barriers’s differentiated mission-critical technologies, the team has 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 Digital Barriers team to support the company in this endeavour, both organically and through mergers and acquisitions.’