GVI Security has rapport with acquired technology
CARROLLTON, Texas - GVI Security Solutions has expanded its portfolio by acquiring Rapor Inc., a manufacturer of high security building access portals, in an all-stock deal.
The deal expands GVIÃ¢â‚¬â„¢s product line and coincides with the companyÃ¢â‚¬â„¢s strategy to provide integrated security solutions in key markets.
Ã¢â‚¬Å“Our goal at GVI is to provide complete end-to-end security solutions, primarily to the homeland security market,Ã¢â‚¬Â said Rob Hile, senior vice president of the companyÃ¢â‚¬â„¢s Enterprise Solutions Group. Ã¢â‚¬Å“The Rapor acquisition is a major part of our overall plan.Ã¢â‚¬Â
According to Hile, the acquisition is the first for the company since its reorganization in early 2004. The transaction was finalized on Dec. 1 of last year.
RaporÃ¢â‚¬â„¢s high-speed portal was designed byÃ‚Â aÃ‚Â consultant familiarÃ‚Â withÃ‚Â theÃ‚Â 1993 World Trade Center bombings in New York as a way to secure access in high activity facilities.
Ã¢â‚¬Å“Rapor has an added benefit over other security portals,Ã¢â‚¬Â said Nazzareno Paciotti, chief executive officer at GVI. Ã¢â‚¬Å“It provides the reliable security of a mantrap, but it is a user-friendly device.Ã¢â‚¬Â
According to Paciotti, it can handle 30 to 60 people per minute. Its standout characteristic may be its cost effectiveness.
Ã¢â‚¬Å“The principle feature of the portal is that it is a substitution of technology for physical guards,Ã¢â‚¬Â he said. Ã¢â‚¬Å“The cost of the portal is about half the annual cost of 24/7 guard service cost.Ã¢â‚¬Â
For Rapor, joining forces with GVI offers it an oportunity to market its product and access to its distribution chain.
Ã¢â‚¬Å“What it needed was a sales and marketing arm,Ã¢â‚¬Â Pacciotti said. Ã¢â‚¬Å“Once we get the product exposed to where we believe it can be applied there is an enormous amount of interest in it.Ã¢â‚¬Â
Although the acquisition further fuels the companyÃ¢â‚¬â„¢s focus on the homeland security market, the company is also committed to its distribution side as well.
Ã¢â‚¬Å“There is no question we have a strong distributor base and we intend to maintain that,Ã¢â‚¬Â Paciotti said.