DLT Solutions, Herndon, Va.-based reseller of industry-leading information technology products and services, has received a new funding from private equity fund TZP Capital Partners I.
Founded in 1991, DLT Solutions delivers its technology solutions to federal, state and municipal governments and businesses. To achieve its mission, DLT has integrated itself with some of the most prominent IT software and hardware manufacturers in the world including, among others, Autodesk, Google, NetApp, Oracle, Quest Software, Red Hat and Symantec.
Commenting on the funding, Rick Marcotte, president and CEO of the company, said: “Backed by the experience and investment of TZP, I am convinced that the best days for DLT are ahead of us, and we will have the additional muscle and horsepower necessary to accelerate the execution of our future growth initiatives”.
Founded in 2007, TZP Group LLC is a private equity firm focused on investments in U.S.-based business and consumer services companies with enterprise values generally up to $200m.
Speaking about the investment, TZP’s Managing Partner, Samuel L. Katz, said: “DLT has demonstrated its ability to succeed in the competitive public sector technology marketplace. We are convinced that growing digitization across government agencies, increasing adoption of information technology, enhanced focus on cyber security, and archiving of data are very bullish trends in the primary market served by DLT.
“We are eager to assist DLT’s management in continuing their impressive performance, well into the future”, he said.