Chicago-based systems integrator SDI (Systems Development. Integreation, LLC), announced on Wednesday that it has closed on additional funding from private equity firms LLR Partners and Monument Capital Group.
In a statement, the company said that the funding would be used to further the firm’s growth through acquisitions, which will help expand their global footprint. SDI has been in business more than 20 years and specializes in public safety and homeland security solutions.
"The caliber and depth of both human and capital resources that will be brought to bear by these firms present an amazing opportunity for SDI, its stakeholders and clients to maximize their organizational potential," said David A. Gupta, Founder and CEO of SDI.
The new co-investors will also complement SDI’s network of industry advisors and vendor partners by creating a "hands-on advisory board."
"We are excited about our partnership with Monument and our collective investment in SDI," said David Stienes, partner on the business services investment team at LLR Partners. "The company is run by an exceptional management team with a long history of delivering cutting-edge solutions and building lasting relationships with customers. Already on an impressive growth path, SDI faces significant opportunities to lead additional, major infrastructure improvements across the public sector."
"As the security industry continues to blend software and information systems with cameras, sensors, and other hardware devices, customers with complex security needs come to depend on experts like SDI for strategic advice and guidance as well as operational support," said Jason Rigoli, managing director at Monument Capital Group. "We are in the early stages of a technology revolution in the security industry where smart devices and analytical software are increasing the effectiveness of critical infrastructure protection while driving down the cost. Trusted advisors with deep competencies in these technical domains are needed on a global scale. We see the need in every country in which we operate."