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Vicente Capital Partners Invests in Intellectual Technology, Inc.

November 19, 2012, 07:31 AM

Vicente Capital Partners, a growth equity investment firm, announced an affiliate of its Growth Equity Fund acquired a controlling interest in Intellectual Technology, Inc. (ITI), a provider of technology solutions and outsourced services to motor vehicle departments (DMVs) across North America.

ITI was represented by Imperial Capital, a full-service investment bank servicing institutional investors and middle market companies. OneWest Bank provided debt financing, and no further financial details were disclosed. This is VCP's seventh investment out of its $165 million Growth Equity Fund.

Headquartered in Carlsbad, CA, ITI offers both on-demand printing and fulfillment solutions to modernize DMV operations and services. Jay Ferguson and David Casares of Vicente Capital Partners will join ITI's board of directors.

Intellectual Technology, Inc. (ITI) provides innovative hardware and software system integration, as well as printing and delivery solutions to motor vehicle agencies throughout North America.

Vicente Capital Partners is a private equity firm specializing in both non-control and control investments in growth businesses that have annual revenues between $5 million and $50 million.

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