News

OptConnect LLC receives backing from technology investor

January 8, 2018

Graham Partners, a private investment firm targeting technology and manufacturing companies, has invested an undisclosed sum in OptConnect LLC, a provider of wireless connectivity solutions for unattended equipment, according to a press release.

OptConnect markets include wireless self-service kiosks, micro markets, digital signage and ATMs. The company focuses on providing safe, reliable and cost effective IoT connectivity using a combination of proprietary device configurations, network monitoring and tight integration with wireless Internet carriers. 

Based in Kaysville, Utah, OptConnect serves more than 3,000 customers with over 85,000 installed wireless units.

Members of Grant Victor, representing the founders and previous leadership of OptConnect, will retain an investment in the business.

Graham Partners brings familiarity with the IoT space, the ATM industry and cash trends through prior platform investments.

"Graham's industry expertise and experience investing in the IoT and smart safe industries resonated with the OptConnect team," Chris Baird, president of OptConnect, said in the press release. "We are excited to collaborate with Graham and tap into their industry resources and knowledge to enhance and expand our company."

"OptConnect is a leading, innovative player in the industry with superior technology, strong customer relationships and an attractive recurring revenue business model," said Rob Newbold, managing principal at Graham Partners.