HSCC sells subsidiary

SSN Staff  - 
Monday, October 1, 2007

ARLINGTON, Va. and QADIMA, Israel--As Security Systems News went to press, Homeland Security Capital Corp. announced the sale of its subsidiary, Security Holding Corp., to Vuance, an RFID and credentialing firm based in Israel. In exchange for $5.1 million worth of Vuance stock, HSCC delivered two companies it had purchased just last year and combined into Security Holding: SecurityInc, a manufacturer of access control panels; and AutoAccess ID Security Solutions, a manufacturer and master distributor of RFID-enabled solutions for residential, commercial and government applications. The sale is in line with HSCC management's stated goal of consolidating the industry.