Exacq Technologies Inc., a portfolio company of CID Capital Venture Partners, has been bought by Tyco International Inc. for an undisclosed amount. A designer and manufacturer of video surveillance technologies, Exacq holds headquarters in Fishers, Indiana and has emerged as a leader in the industry. Their products are used in various applications ranging from education to healthcare to manufacturing, among others.
Back in 2004, CID Capital led the Series A funding round for Exacq, giving additional capital infusions in 2006 and 2007. CID Capital Managing Director Bob O'Brien is proud of the role the firm played in the success of Exacq. "We are proud to have played a supporting role in building Exacq into a leading provider of Video Surveillance systems, and to recognize the management team's technology and ethics leadership which produced excellent results," he said. "We are also pleased to provide an attractive return to CID investors through an exit that underscores our commitment to investing in the technology sector," he added.
Join the Conversation