Stout announced today that its client, QueTel Corporation, a pioneer in Digital Evidence Management, received an investment from The Riverside Company and its portfolio company Omnigo Software. Stout served as QueTel’s exclusive financial advisor in the transaction.
QueTel is the fourth add-on to Riverside’s Omnigo Software platform, a leading provider of public safety, incident reporting, and security management solutions for law enforcement, education, healthcare, gaming, hospitality, and other enterprises.
Founded in 1982, QueTel is the technology leader in automating the evidentiary supply chain and key back-office operations for law enforcement agencies through its proprietary Digital Evidence Management System (DEMS) software. QueTel’s comprehensive software suite offers clients the requisite solutions to efficiently address the challenges pertaining to digital and physical evidence, forensic request processing (labs), impounded vehicles, quartermaster, training/ certification, and equipment, uniform, and supply administration. Furthermore, QueTel’s mobile application allows law enforcement officers, security personnel, and crime scene investigators to securely create evidence files directly in the field, saving time and creating safer communities.
“QueTel and Omnigo share a common vision of delivering innovative and proprietary software solutions that enhance community safety, improve the day-to-day lives of law enforcement and security personnel, help customers manage costs and meet compliance requirements, and provide best-in-class client support as well as creating opportunities for our employees,” said QueTel Founder and President Jim Cleaveland. “We did not fully realize the complexity of undertaking this strategic path, but Stout’s day-to-day guidance, expert advice, deep industry knowledge and proven execution experience were truly invaluable, ultimately allowing us to realize the best outcome.”
“QueTel has a long history of software innovation for the law enforcement community, serving to modernize and enhance the manner in which law enforcement agencies track, record and analyze evidence,” said Keith Sipes, Stout Managing Director and head of the firm’s Technology, Media, and Telecommunications Investment Banking practice, who served as lead advisor to QueTel. “We have been overwhelmingly impressed by QueTel’s business and the culture established by Jim and his team. It was not only an honor to work with QueTel on this important step in its continued growth and evolution, but a true pleasure.”
Stout’s Conrad Hahne assisted on the transaction.
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