Beedie Capital provides funding to PE-owned Syscon Justice Systems

Canadian growth investor Beedie Capital Partners has provided undisclosed debt financing to Syscon Justice Systems Ltd. The transaction is intended to support the company’s expansion and to refinance a portion of its existing debt. Based in Richmond, British Columbia, Syscon provides information technology management software and services to law enforcement and criminal justice agencies. It is a portfolio investment of U.S. private equity firm Sverica International, which bought the company from Securus Technologies Inc in 2010. The Syscon deal is Beedie’s third done so far in 2014. Last month, the firm invested in Elastic Path Software Inc, and in January, it invested in ResponseTek Networks Corp.

PRESS RELEASE

Beedie Capital Partners Provides Growth Capital to Syscon Justice Systems

April 7, 2014

Vancouver, British Columbia – Beedie Capital Partners (“BCP”) is pleased to announce the closing of a private financing for Syscon Justice Systems (“Syscon”). BCP has provided term debt facilities to support the accelerated growth of Syscon (www.syscon.net) and refinance a portion of their existing debt. Additional terms of the financing were not disclosed.

For over 30 years, Syscon has been one of world’s leading providers of offender management solutions, partnering with some of the world’s most sophisticated and complex corrections agencies, such as L.A. County Sheriff’s Department, the National Offender Management Service in England and Wales, and Corrective Services New South Wales, Australia. Its solutions meet the needs of agencies in 6 countries on 4 continents, 15 states and provinces, and 12 US counties. Over 86,000 professional corrections administrators and line staff rely on Syscon to manage more than 430,000 offenders in over 500 secure facilities.

Randy Garg, Managing Partner of BCP commented “We are very pleased to have the opportunity to work with Syscon, and their private equity backers, Sverica International (www.sverica.com). Syscon has established itself extremely well in its core vertical market of corrections management with an impressive set of global reference clients. We look forward to seeing the company further its leading position in this industry as it introduces its next generation platform solution.”

Dr. Steve Long, President and CEO of Syscon commented “We look forward to aggressively pursuing the global opportunities available to us with our newly developed Workflow™ family of offender management solutions. We are pleased to find a lending partner that shares our excitement for Syscon’s future growth potential, while also recognizing the value of our existing core business. We are excited to have BCP as one of our financial partners moving forward.”

About Beedie Capital Partners
Beedie Capital Partners (“BCP”) provides highly flexible growth financing solutions for small to mid-market companies across a wide variety of industry sectors. Managed by a small core team of decision makers, BCP is highly responsive, creative and flexible with terms, timing and transaction structure. BCP has been actively investing since its establishment in early 2011, with 14 portfolio investments (current and past) and over $75 million invested or committed since inception. BCP is fully funded by Beedie Development Group, British Columbia’s largest private industrial landlord and developer, established in 1954. Please also visit www.beediecapital.com and www.beediegroup.ca for further details.

For more information, please contact:

Randy Garg
Managing Partner
randy.garg@beediecapital.com

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