Clarity Partners, LP
About Us Our Team PORTFOLIO In the News Resources Contact Us
In the News Media Coverage

Media Coverage
Clarity Press Releases
Portfolio Press Releases

Clarity Partners invests $17.5 million in Westec for Advanced Intelligent Technology Development and Market Growth

IRVINE, Calif., July 20, 2005 — Westec InterActive, the leader in intelligent video monitoring services for businesses, and Clarity Partners, an $800 million private equity firm focused on communications, media and technology, today announced that Clarity invested $17.5 million in Westec InterActive. In addition, Westec CEO/Owner Gerald T. Vento invested an additional $2.5 million, for a total invested amount of $20.0 million. The capital will be used to expand development of Westec’s advanced technologies for intelligent business monitoring and to allow the company to aggressively grow through acquisitions.

Clint Walker, a Partner at Clarity Partners, said, "Clarity’s investment in Westec reinforces our belief in Jerry Vento’s vision of intelligent business monitoring that goes beyond traditional security. Westec is leading the frontier in the application of these intelligent technologies and we look forward to a successful partnership."

Westec InterActive CEO Gerald T. Vento said, "Beyond its investment into Westec, Clarity Partners brings strategic vision and expertise that will support our efforts to grow Westec into the most sophisticated and capable source for intelligent business monitoring."

About Clarity Partners
Clarity Partners is an $800 million private equity fund based in Los Angeles. Clarity and its principals have a strong track record of making private equity investments in many companies in their targeted industry groups, including newspaper publishing, television and radio broadcasters, cable programming networks and system operators, information and online businesses, and various wireless and wireline telecommunications companies. All of Clarity’s partners have operating company experience, strategic, financial and deal execution skills, and deep relationships within the global media and communications industry. Clarity works with its portfolio companies' management teams to establish or grow dynamic companies with leading positions in their target market segments. Further information can be found at www.claritypartners.net.

About Westec InterActive
The pioneer of interactive video monitoring, Westec delivers the industry’s only intelligent business monitoring solution serving Fortune 500 companies throughout the U.S. Its strategic business solutions help leading restaurants, retailers and other companies improve operations and profits through intelligent business monitoring services.  For more information on Westec InterActive visit online at www.westecnow.com.


For Immediate Release

PR Contacts:
Westec InterActive
Andrea Herbert
949-797-4723
aherbert@westecnow.com

Barbara Caruso
714-841-6777
carusocom@aol.com

 

 

 

» back to all media coverage articles

 

 

 

About Clarity | Our Team | Portfolio | In the News | LP Resources | Contact Us

©2004 Clarity Partners, LP | design by Impend