PE Firm Invests Into BCD

By Sean Patton, Published Jun 29, 2021, 09:33am EDT

BCD has received a significant private equity investment, to "support the company's aggressive growth plan".

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In this note, we explain the investment, based on a discussion with CEO Jeff Burgess, and examine the impact. For background, see our 2019 profile - BCDVideo Expansion And Switch From HP To Dell Examined.

Investment ********

*** ********** *** ** private ****** ******** ******, ***** *** **** was * ******** **********, where ******* *** *** Jeff ******* **** ****** 70% ********* *** **** Street **%. ************, **** Street **** **** * seats ** ***'* ***** of *********, **** *** maintaining *. ****** ****, BCD *** *** **** any ******* *********.

*** **** *** ********** set * ********* ** ~$70 ******* ** *** company. **** ******** **** revenue ****** $*** ******* for *** ***** **** last ****, **** ****** of *-**% ** ****, however, **** *** ***** growth **** *** **-**% per **** ** *+ years ***-*****.

*** ************ **** ***** that *** ********** ********* was ** "********** * partial ****************", ***** *** confirmed:

**** ******’* ******** ********** in *** *** ********* of **** **** *** equity.

*** ********* (***** ** revenue) ** ************** ***** that *** ********* **** and ********** ***** ************'* products *** *** ******* subscription *******.

Goal - ********** ******

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***'* *** *********** *** ********** *** not ***** ******* ****, but ********* ******, ** they *** ******* ** rapidly ********** ****** ** 2x - ** ***** current *******. ******* **** he *** *** ***** he ***** **** *** company ** ***** $***+ million ******* ******* ******* help, *** *** **** wary ** ******* ***********.

** ******** ****** **** contacted ** ******* ********* for *****, ********* ** a ******** ******, *** was *** ***** ** leave *** *******.

Burgess ********** ********

******* **** ** ***** to **** ** *** in *** **** *-* years *** **** ***** is * ********** **** in *****. ****, *** presence ** **** ****** Capital **** **** ** provide ****-**** ********** *** strategy.

High ****** ********

**** ****** ********* ***** ** *******, as ** ***, ***** Burgess ********** *** ******* presence *** * **** culture *** **** ***.******** ****** ********* ** **** Street.

******** *********** **** **** Street *** *** **********-******* but ******-***** *** ******** established **********, ********* ********* ************ *******:

******** ******, ******* ** Cumming, *******, ******** *********** and ******** ********** *** finishing ******** ** *****, sophisticated **** ******** ** the ******* ******* ***. The *******’* ******* *** been ****** ** * focus ** ******* *** customer ******* *** *********** by * ***** *** growing ******* ** ******* and *******-******** ************* ********.

*** * *****-***** ********* feed ****:

********* ********, ******* ** West *****, ****, ** an *********** **** **** producing *** ********** ****** dairy, ******* *** ***** feeds ******** ** **** operations ** * *****-***** region

*******, *** **** **** High ****** *** * new ********** **** **** was ******* ** ****** in **********-******* ********* **** long-term *******, *** ********. They ***** **** *** fund ******** *** * background ** ************ ***** growth ******* ******* *********.

*** **** ********** **** they *** *** ******* for **** ****** ** help ******* ***** **** OEM/hardware ************ ********, *** to **** ****** *** company ********* *** ******** to ********** ******.

BCD ***** **-******* ****** **** (******** ****)

** ** *** ****, BCD *******-******* *** **-*** *** Larson** ** ****** **** BCD ***** *** ** now ******** - ****** and ******** ***** *******, * ****** *** competitor.

*** *** ****** ******** to ******* ** **** happened.

Planned ******* ******

*** **** **** **** aggressively ***** **-***** *********** and ******** ********, ********* on-staff *********** ******* *** Milestone *********** ** *** to **** *********. **** look ** **** *********** that **** ************* ** specialized ********* **** ***** but ***'* **** *** internal ********* ** ******* software *******/************.

***** **** ** *** a ****** ******** *** server/hardware ********* ** ***** surveillance, ***** ***** ** services *** ****** ** many ** ********* (*.*. hotel ***** **-** ********** that ********* **** *** party **** ********* ********).

Future ************ "*** *** ** *** ********"

*** **** **** *** looking *** ****** ** "emerging ******* – **** geographical *** *************." *******, they ***** **** **** usually ******* ******** ************, not ***********:

********* ******* *** ********* and *** ********. ************ not *** ** *** question, **** *** *** be ********* ** ******* the ****

*******, **** ****** *** see ****** ******* ************ as *** **** *************** path ** ******** *** revenues **** *** ** targeting.

Genetec - ** ********

**** ***** ******* *** comment ******* **** *** BCD's ******* ********, * significant ******* ** *** revenue ********* ** ***, but **** *** *** respond ** *** **** of **********. ** **** update *** ****** **** their ********.

Outlook *** ***

** *** ******** **** for ***, *** ****** on *** *** ********, mostly ****, ** *** ability ** ************* ** constrained ***** ****** *** OEM **** *** **** sources ** *********** *******. Plus, **** ******* ** such * *********** ***** of *** *******, ** Genetec *** ** ****** suppliers **** ***** **** a *********** ****** ** BCD's ********.

** *** ******** **** for ***, **** *** a ****-*********** ***** ** video ************, ******** ***** in**** ******** ***** ******* / ****** ************* *******, *** **** * broad ******* *** ******** offering.

*** *** **** ** $250 ******* ** ******* is ******* ** **. Given ***** ******* ****** positioning *** *** ********** low ****** **** ** that *******, *** *** need ** ****** ************* into ***** *********** ** market ******** ** ******** that ****.

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