Corporate News
Corporate News: PharmAthene acquires Avecia Biologics biodefense vaccines
April 7th, 2008
PharmAthene, Inc., a biodefense company based in Annapolis, MD, purchased all of the assets and intellectual property related to Avecia Biologics Limited’s biodefense vaccines business. The transaction adds three vaccines to PharmAthene’s pipeline: a second generation recombinant Protective Antigen (rPA) anthrax vaccine, a recombinant dual antigen plague vaccine and a third generation rPA anthrax vaccine program. The deal is expected to aid PharmAthene’s efforts to win a recently announced U.S. Government solicitation to procure 25 million doses of an rPA vaccine. The Avecia acquisition will consist of a cash payment of $20 million. In addition, Avecia will be eligible to receive milestone payments totaling $20 million in the aggregate, contingent upon receipt of procurement contracts for the anthrax rPA vaccines and the plague vaccine, and royalties on sales to the U.S. Government.
Stanley, Motorola and more...
Corporate News: Orsus and ioimage team merges situation management and video analytics
April 1st, 2008
Orsus, of New York, NY, and ioimage, of Herzliya, Israel and Denton, TX, announced the formation of a partnership to provide the full benefits of an Orsus Situation Management solution with video analytics from ioimage. As a result of this partnership, Situator from Orsus now fully supports intelligent video encoders, and IP cameras from ioimage. The alliance also enables those who have deployed or plan to implement video analytics solutions from ioimage to seamlessly integrate these devices with Situator.
Security exec salaries capped at $612,196 for government contracts
March 26th, 2008
Executives can earn more than $612,196 per year working for security or defense contractors, but that’s the maximum "allowable" compensation for any individual exec that the Office of Management and Budget will permit a federal contractor to include in its cost-plus government contracts.
Corporate News: Cisco renews ARINC technology partner status
March 24th, 2008
Cisco Systems, Inc., announced it has officially renewed ARINC Inc., of Annapolis, MD, as an Authorized Technology Provider (ATP) for Cisco’s IP Interoperability and Collaboration Systems (IPICS). The renewal means ARINC will continue to deploy Cisco’s advanced IPICS technology for interoperable communications in central communications offices, mobile command vehicles or in tactical communications kits, connecting to IP or non-IP wired, wireless or satellite networks. ARINC, a portfolio company of The Carlyle Group, provides communications, engineering and integration solutions for commercial, defense and government customers worldwide.
Honeywell, SAIC and more...
Corporate News: Hirsch verification technology gets TSA approval
March 17th, 2008
Hirsch Electronics, a leading manufacturer of access control and identity management solutions, announced that its Verification Station’s biometric technology passed the Transportation Security Administration’s rigorous testing and was placed on the TSA’s "Biometrics for Access Control" Qualified Products List (QPL). Hirsch developed the Verification Station, model family RUU, in conjunction with Cogent Systems, a global biometric identification solutions provider. Hirsch’s RUU integrates Cogent’s ID-Gate biometric subsystem, one of only two products that met TSA’s testing requirements for airport physical access control.
VeriTainer, Panda and more...
Corporate News: Ioimage, EVT integrate video security solutions
March 12th, 2008
EVT,a provider of video management software, and ioimage, a pioneer of intelligent video appliances, announced that they have completed the integration of their video security solutions. Under this partnership, EVT’s open architecture video management software now supports ioimage’s intelligent video encoders and IP cameras. The collaboration will allow ioimage cameras to be seamlessly operated from within the management framework and client interface of EVT’s Vertex video management and network video recording solution for medium and large-scale surveillance deployments.
Corporate News: Bosch acquires Extreme CCTV in cash buy-out
March 3rd, 2008
Robert Bosch GmbH, the German technology giant and parent company of Bosch Security Systems, Inc., has acquired Extreme CCTV Inc., of Burnaby, Canada, for approximately $93 million. With this transaction, Bosch strengthened its security systems division, extending its activities in video surveillance by adding Extreme CCTV’s product lines, which embrace a full range of video surveillance products, including active infrared illuminators, integrated day/night cameras and license plate capture and recognition systems. Bosch, with 300 subsidiary and regional companies in more than 50 countries, posted sales of 46 billion euros ($69 billion) last year.
More Corporate News...
Feds to require common IT security settings
February 28th, 2008
A committee of federal acquisition officials has issued a final rule that requires government agencies to insist on "common security configurations" whenever they buy information technology products.
