GVI makes a buy
GVI announced today the acquisition of some VMS technology from a company I've never heard of called PacketNVR. From the Web site, it looks like they've mostly been OEMing software for other people. Likely, instead of OEMing for GVI, GVI just said, "Why don't we buy you so you don't create software for our competition at the same time?"
GVI Security Solutions, Inc., (OTC Bulletin Board: GVSS), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, has acquired a suite of Video Management Systems (VMS) software and related technology from software provider PacketNVR, LLP. The acquisition was effected through GVI's wholly-owned subsidiary, GVI Video Management Solutions.So, basically, GVI is getting into the software game. You'll see in the release that they picked up some talent in Tom Galvin, who'll now run their VMS business going forward. I've got an interview request in, so I'll see what more I can learn, if anything.