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."
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