Exacom Partners With Seaport Capital To Realize Strategic Growth Strategy
Exacom, a leader in the multimedia recording market for critical communications, is partnering with Seaport Capital (“Seaport”) to realize a focused growth strategy that will deliver greater value to the public safety, government, utility, healthcare and other target markets. Exacom’s technology supports the recording of audio, VoIP, data, and text-to-911 into digital formats for data collection, analysis, and management. This new focus will include a simpler approach to managing mission-critical information.
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Since 2014, Exacom has been 100%-owned by an Employee Stock Ownership Plan (ESOP). Based on a significant investment from Seaport Capital, the Company will be recapitalized to position itself for growth. Exacom will continue to be led by Al Brisard, its President and CEO, and the existing management team.
“Exacom has worked hard to earn and achieve an incredible team, strong partners, the best customers, and a differentiated software solution,” said Al Brisard, President and CEO of Exacom. “We are proud of where we are today. But with the right resources, we can do so much more. With Seaport, we have found a partner that shares our strategic vision and possesses the insight, experience, and resources to help us achieve our growth potential in a rapidly changing industry. As always, we continue on with a focus of delivering the best possible solutions for our mission-critical customers.”
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Seaport Partner Scott McCormack discussed the investment, saying, “We have been impressed with the Exacom team and the growth they have achieved over the last several years. Al Brisard and his team have built a tremendous software solution, and we are excited to help accelerate its trajectory in the public safety and other mission-critical markets.”
Exacom is the first investment made by Seaport Capital Partners Fund VI, Seaport’s most recent investment vehicle.
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