VCT News
Beringea Invests in Optic Vision
28 March 2008 - London -Beringea Ltd, manager of the ProVen VCTs, is pleased to announce a £1.75 million expansion capital deal with Optic Vision Limited - a leading UK security solutions provider.
Optic Vision, based in Oxford, is an independent specialist in security systems. The company has undertaken a number of prestigious and highly demanding projects for organisations in a variety of sectors, earning itself a reputation for providing innovative solutions and excellent service.
In addition to providing security systems that protect organisations from the external intruder, Optic Vision also provides software services that monitors and alerts organisations to possible security issues from within - widely believed to be the largest single cause of organisational security breaches. The company's software allows virtually any form of IT activity to be tracked and halted if appropriate.
Beringea's Senior Managing Director, Malcolm Moss, commented "One of the most compelling features of this investment is the truly innovative product offering. The company recently acquired Silent Knight Technologies Limited, the provider and developer of their software solutions. By joining with this natural partner, Optic Vision is able to offer solutions that address both external and internal security threats through a new product - VigilancePro - which uniquely integrates logical (IT) security with physical security technologies such as CCTV, access control and RFID systems."
The expansion capital funding, totalling £1.75 million, was made through Beringea's ProVen VCT and ProVen Growth and Income VCT funds. The funding will support the company's expansion plans, enabling them to meet the strong demand for services and launch VigilancePro to the market.
About Beringea Ltd
Beringea Ltd. is an international private equity and investment banking firm with offices in London, Detroit, Los Angeles and Shanghai. Beringea is the manager of funds including Proven VCT, ProVen Growth & Income VCT, and Global Rights Fund II, amongst others.
Beringea launched its first VCT in 1996, making it one of the most experienced VCT managers in the UK. ProVen VCT and ProVen Growth & Income are the highest performing VCTs of their launch years, according to www.taxefficientreview.com. In 2006 the Association of Investment Companies named ProVen Growth & Income as its highest performing VCT member.
www.beringea.com / www.provenvcts.com
Beringea Ltd is authorised and regulated by the Financial Services Authority
FSA FRN: 138888