Earlier in 2007, private equity firm Aberdeen Asset Management made a multi-million pound investment in Camwatch, funds which will be used to fund the company’s growth in the crime prevention sector. “We have lit the blue touch paper on our expansion plans”, effuses Phil Bunting, Camwatch’s Managing Director. “In recent years we have invested more than £1.5m to develop a unique product and a central station infrastructure that is second to none, one that exceeds the demanding requirements of the latest regulation and has the capacity to handle the company’s anticipated growth. This latest investment will allow us to further drive demand, expand our monitoring client base and offer improved support to our independent installation partners. We will also be looking at a number of acquisitions”, he added.
The investment by Aberdeen Asset Management Growth Capital was led by Andrew Ferguson, who commented: “With our investment in Camwatch we have backed a management team which has considerable experience and skill in growing successful technology companies. Camwatch’s offering provides a significant advantage over traditional security services and products, and we look forward to helping the team to further develop the company, and exploit the opportunities in the sector.”
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