facebook
twitter
search
search

HSCC acquires Sense Security assets

May 14, 2013 at 3:42 PM

WRIGHTWOOD, Calif., May 14 (UPI) -- Security and biometric assets of Florida's Sense Security Technologies have been acquired by the Homeland Security Corp.

HSCC, a security technology company, announced a joint venture with Sense Security Technologies last March for development, sale and support of additional identification methods -- including biometrics and access control solutions -- to its portfolio but the joint venture turned into an acquisition.

As part of the deal HSCC also obtains Sense Security's source code, documentation, customer base, industry contacts and suppliers.

Financial terms of the deal weren't disclosed but Homeland Security Corp. said it is using shares/equity to complete the transaction.

"With the transition of the joint venture to an acquisition within the company, the company now has diverse base of assets within the security sector," said HSCC President Dore Perler. "We are now confident moving forward we can execute our new plan to become a competitor within the security sector."

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Kraft-Heinz merger forms world's fifth-largest food-beverage company
Australia orders airborne refueling tankers
BBC to lay off 1,000 people to make up for $234M in lost revenue
New Zealand military receives medium heavy military trucks
Aetna to acquire Humana for $37 billion in cash, stocks