"With GenNx360's help, GVI will be able to manage our organic growth more effectively and be in the position to seek out the highest quality growth opportunities"

GenNx360 Capital Partners has retained GVI's senior management and plans to aggressively grow GVI organically. With GVI's vertical expertise and reputation as the leading provider of video security solutions and GenNx360's proven operational proficiency and international reach, the newly private company is well poised to capitalize on the growing need for digital security platforms in the public and private sectors.

"GVI Security Solutions has an excellent track record and management team already in place and our partnership with them will help bolster the company's competitive position," said Lloyd Trotter, a founder and managing partner at GenNx360. "We already have considerable experience in the security sector and are confident it can achieve considerable revenue growth. GVI is GenNx360's first investment in our security industry portfolio. We will continue to build by making additional acquisitions in the U.S. and overseas."

"With GenNx360's help, GVI will be able to manage our organic growth more effectively and be in the position to seek out the highest quality growth opportunities," said Steven Walin, GVI's chairman and chief executive. "As a private company, we will continue providing the same quality security solutions to our customers, and we look forward to working with the GenNx360 team to broaden those relationships, adding talent and generating new opportunities in the global security market."

Winston & Strawn LLP acted as legal counsel to GenNx360 and Cooley Godward Kronish LLP acted as legal counsel to GVI. Imperial Capital, LLC acted as financial advisor to GVI and MacKenzie Partners, Inc. acted as the Information Agent for the tender offer.