Video and data management software developer DIGIOP Technologies is being acquired by an investor group led by The Carlyle Group, the company announced Monday.
According to DIGIOP President Rich Mellott, the acquisition is a "testament to the value" of the company’s technology and its "ability to compete" in the IP market.
"The capital and expertise that this investment team offers will enable us to expand our software development efforts, and deliver even more value and support to our customers," Mellott added.
In addition, the company said it plans on launching a software solution called Reflection, as well as add a line of cameras to its product portfolio this spring.
"We are pleased to support Rich and his management team in this next stage of growth," said Carlyle Managing Director Steve Bailey. "DIGIOP has an extremely loyal, rapidly growing customer base and a proven technology deployed in a variety of vertical market applications. With this investment, DIGIOP will add the sales, marketing, technical support and order fulfillment capabilities required to effectively support them."