Oppenheimer Advises Digital Barriers on its Investment by 3i Group
- June 30, 2022
Oppenheimer’s European Technology Investment Banking Team is pleased to announce that it has acted as Exclusive Financial Advisor to Digital Barriers, a leading provider of IoVT (Internet of Video Things) surveillance and security SaaS, on its investment by 3i Group plc. Digital Barriers’ existing investor, Volpi Capital LLP, will maintain a minority stake in the business.
On 15th June 2022, 3i Group plc (“3i”) signed an agreement to invest in Digital Barriers, a leading provider of Internet of Video Things (IoVT) surveillance and security SaaS, acquiring a majority stake.
Digital Barriers’ unique video compression technology allows live streaming over low-bandwidth environments, including cellular body worn cameras, as well as a growing set of commercial applications in different industries. When coupled with its cloud-based video management SaaS platform, Digital Barriers is able to provide an end-to-end solution incorporating a wide range of AI-based operational, safety and business intelligence analytics. Digital Barriers provides the only such cloud video platform that works as effectively on cellular as on fixed networks.
Headquartered in the UK with offices across the US and Europe, Digital Barriers has been and will continue to be a trusted partner to leading law enforcement, intelligence and defence agencies around the world. Working closely with Intel, the Company has leveraged its unique IP to develop commercially off-the-shelf products that are now being sold by blue-chip MNOs and OEMs such as AT&T, Vodafone, Fujitsu and G4S to a wide range of commercial and public sector customers across various end-markets.
Oppenheimer supported Digital Barriers shareholders in cementing a partnership with a top tier global investor with a deep understanding of the security and video surveillance space to support the Company in its next stage of growth.
This successful transaction underscores Oppenheimer's relentless commitment to leading European technology companies and investors in a challenging market. The transaction is conditional upon certain regulatory approvals and is expected to complete in Q3 2022.
Technology
Cloud | IoT | Security & Defence | SaaS
Ramon De Paz
Managing Director, Head of EMEA Technology Investment Banking
+44 (0) 207 220 1996
Ramon.DePaz@opco.com
Kieran Yoo
Director, EMEA Technology Investment Banking
+44 (0) 207 220 1959
Kieran.Yoo@opco.com
Oppenheimer Europe Ltd.
6 Gracechurch Street, London, EC3V 0AT, United Kingdom
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