Nexus to acquire IT integrator Linear Technologies
ARLINGTON, Va.--Homeland Security Capital Corp., a Pink Sheets-traded holding company looking to consolidate homeland security-related businesses, announced this week that subsidiary Nexus Technologies Group, a security systems integrator, has signed a letter of intent to acquire Linear Technologies, an IT integrator specializing in data networks and telecommunications based in New York City.
Terms of the deal were not disclosed, but a provided release reported Linear's 2006 revenues at $12 million, and projected $15 million in revenues for 2007. The combined companies are expected to exceed $25 million in 2007.
Homeland Security Capital has been active in the market over the past 12 months. In August 2006, the company purchased access control manufacturer SecurityInc, along with its affiliates Cyberlynk, an IT support company, and AAID Security Solutions, a RFID manufacturer and distributor. In March 2006, HSCC purchased Massachusetts-based security integrator Viscom Systems.