Vuance buys again
MCLEAN, Va.--Vuance, through its U.S. subsidiary based here, on Monday purchased the credentialing division of Disaster Management Solutions for $100,000 in cash and up to $650,000 in royalties over the next 18 months. This quickly follows the company's purchase of Security Holding from Homeland Security Capital Corp., Aug. 31, for $5.1 million in Vuance stock.
The credentialing division comes with the RAPTOR Advanced Authentication and Validation systems, which allows whoever is in charge of a disaster area, for example, to credential and authenticate first responders and others on site. For the next 18 months, Vuance will pay 10 percent of net revenue on sales of RAPTOR back to DMS.
Security Holding is a larger prize, the umbrella over two other companies that HSCC consolidated together in 2006 (search "HSCC" at www.securitysystemsnews.com). Security Inc. is an access control panel manufacturer with an established dealer base and brand recognition. AutoAccess ID Security Solutions is a manufacturer and distributor of RFID-enabled solutions.
The two purchases, said Vuance communications head Jeffy Cahn, along with new management, make the U.S. Vuance a "really different company" than what was previously known as SuperCom here in the United States. The company also makes the Incident Response Management System, a mobile credentialing and access control system, and with these two buys offers what it considers a "complete, cost-effective solution for the credentialing, validation and continuous tracking of assets and individuals."
The Security Holding buy "gives Vuance, which has never been known for being acquisition-oriented, access to all the integrators and distributors that they didn't have before and they can cross-sell products," said Cahn.
For more on this story, see the November issue of Security Systems News.