OptConnect LLC Gains Backing From Technology Investor
Graham Partners, a private investment firm targeting industrial technology and advanced manufacturing companies, has invested an undisclosed sum in OptConnect LLC, a provider of wireless connectivity solutions for unattended equipment.
Primary Internet of Things markets for OptConnect include vending machines, self-serve kiosks, micro markets, digital signage and ATMs. The company focuses on providing safe, secure, reliable and cost effective IoT connectivity by using a combination of proprietary device configurations, network monitoring and tight integration with wireless internet carriers.
Members of Grant Victor, representing the founders and previous leadership of OptConnect, will retain an investment in the business and will continue to support the company’s future growth and profitability.
Graham Partners brings familiarity with the IoT space, the ATM industry and cash trends through two prior platform investments.
“Graham’s industry expertise and experience investing in the IoT and smart safe industries resonated with the OptConnect team,” said Chris Baird, president of OptConnect. “We are excited to collaborate with Graham and tap into their industry resources and knowledge to enhance and expand our company.”
“OptConnect is a leading, innovative player in the industry with superior technology, strong customer relationships and an attractive recurring revenue business model,” said Rob Newbold, managing principal at Graham Partners.
For more information visit: http://www.optconnect.com
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