HOME |  LOGIN |  ADVERTISE |  CONTACT
Digital Edition  |  Editorial Calendar |  Media Kit
Back Issues  | Manage my account
 
Commercial & Systems Integrators Fire Systems Installation Monitoring Residential Systems Suppliers General News Blogs Webcasts Video Careers
NEWSWIRE
L1 to acquire SpecTal for $100m.

STAMFORD, Conn.--Less than two weeks after Viisage and Identix merged to form L1 Identity Solutions, the new entity on Sept. 11 entered into an agreement to acquire government consulting firm SpecTal for $100 million.

SpecTal will help biometric giant L1 achieve a strong federal presence and "product pull-through to the customer who is the federal government, those who allocate dollars in the fight against terrorism," said Doni Fordyce, L1's executive vice president, corporate communications.

The acquisition is expected to close next month and will be funded primarily by bank debt. SpecTal may earn an additional $10 million "if key performance thresholds are met."

With approximately $140 million in backlogged business, SpecTal projects $60 million in revenue and $9 million in EBITDA for the 2006 calendar year. The closing is subject to regulatory approval.

Founded by the husband and wife team of John Cross and Louise Brouillette, SpecTal is a privately held corporation, based in Reston, Va., that provides comprehensive security and intelligence solutions, specializing in government consulting, training and technology development.

SpecTal's 325 employees will all be retained. Staff members are former CIA and DoD officials and veterans from the intelligence community; 95 percent of the staff has top secret security clearances.

Fordyce expects SpecTal to be instrumental in helping L1 enhance its product line used for counter-terrorism. As an example, she said SpecTal could assist with future development of the HIDE device. Produced by L1's subsidiary, Securimetrics, HIDE is used by the U.S. government in Iraq. The mobile device captures biometric information and transmits it back to a database to verify a person's identity. (Securimetrics on Aug. 10 received a $10 million DoD contract for the devices.)

Ann Holcomb, who is currently vice president, will become president of SpecTal. Ron Hammond and Ed Balint will continue as executive vice presidents.

"We think SpecTal offers us a tremendous opportunity for growth and we think we can help them perhaps spread their reach with our current customer contacts," such as foreign governments L1 now works with, Fordyce explained.

When Robert LaPenta outlined his plan to build a comprehensive biometric company, he said the first phase would entail acquiring technology companies. That phase is largely complete, although there may be some small acquisitions of technology companies in the near future, Fordyce said. Look for more non-technology acquisitions in L1's current post-merger second phase, Fordyce said.

"There's no resting here. We have a lot in the pipeline," Fordyce said.

For more on this story, including an interview with John Cross, see the November issue of Security Systems News.

Suggested stories:
  • POTS sunset on the horizon?
  • AMAC starts new year with MedSmart rollout

  • Email to editor | Comments (0)

     
    SSN News Info Center
    SOURCE BOOKS
    Which has better zoom: 18x or 36x

    2009 Central Station Source Book
    Getting into VaaS...p2 Are you talking their language?...p6
    2009 Video Surveillance Source Book
    The Video Ward p.2... Analog: Still King of the Hill p4...
    2009 IP Technology White Paper
    2008 IP Technology White Paper
    How low can you go? Do IP cameras have a problem in low-light conditions?...p3 Mainstreaming IP monitoring. Can traditional central stations leverage IP for high-end video and guard tours?...p7 IP home security gets hip. New players, new ad campaigns make residential systems fun...p4
    CALENDAR

    July 2010
    Sheraton Lincoln Harbor, Weekhawken, NJ For more information: www.ipsizzles.com

    Lens Selection—the myths and facts
    12 - 1 pm EST
    FMI:www.axis.com/us/academy

    Axis Communications Sales & Support Program
    4 - 4:30 pm EST
    FMI: www.axis.com/us/academy

    Lens Selection—the myths and facts
    12 - 1 pm EST
    FMI: www.axis.com/us/academy


    August 2010
    Axis Communications Sales and Support Programs
    4:00 - 4:30 EST
    FMI: www.axis.com/us/academy/index.htm

    Introduction to HDTV
    12:00 - 1:00 EST FMI: www.axis.com/us/academy/index.htm

    NYLO Hotel, Irving, TX For more information: www.ipsizzles.com

    Axis Communications’ Academy Fundamentals
    Des Moines, IA
    FMI: www.axis.com/us/academy/index.htm

    Introduction to H.264 Compression
    12:00 - 1:00 EST FMI: www.axis.com/us/academy/index.htm

    Axis Communications’ Academy Fundamentals
    Washington, DC
    FMI: www.axis.com/us/academy/index.htm

    Axis Communications Online Tools
    12:00 - 1:00 EST
    FMI: www.axis.com/us/academy/index.htm

    Axis Communications Product Overview
    12:00 - 1:00 EST
    FMI: www.axis.com/us/academy/index.htm

    Axis Communications’ Academy Fundamentals
    Chelmsford, MA
    FMI: www.axis.com/us/academy/index.htm

    Axis Communications’ Academy Fundamentals
    Anaheim, CA
    FMI: www.axis.com/us/academy/index.htm

    Axis Communications Sales and Support Programs
    4:00 - 4:30 EST FMI: www.axis.com/us/academy/index.htm

    Wireless Bandwidth and Today's Surveillance Systems
    12:00 - 1:00 EST
    FMI: www.axis.com/us/academy/index.htm

    Axis Communications’ Academy Advanced Encoder Training
    Anaheim, CA
    FMI: www.axis.com/us/academy/index.htm

    Axis Communications’ Academy Fundamentals
    Cincinnati, OH
    FMI: www.axis.com/us/academy/index.htm


    September 2010
    Axis Communications’ Sales and Support Programs 4 pm EST
    FMI: www.axis.com/us/academy

    Lens Selection – the myths and facts 12 - 1 pm EST
    FMI: www.axis.com/us/academy

    A one day session bringing together senior experts in the security industry to discuss strategies for reducing the costs of security without sacrificing effectiveness. Keynote: Governor Tom Ridge, the first Secretary of Homeland Security.
    Washington, DC. FMI: www.watermarkinstitute.com/seminars

    Portland, OR
    FMI: www.axis.com/us/academy

    Chelmsford, MA
    FMI: www.axis.com/us/academy

    Networking Technologies for Today’s Surveillance Systems; 12 - 1 pm EST
    FMI: www.axis.com/us/academy

    New Analytics; 12 - 1 pm EST
    FMI: www.axis.com/us/academy

    Wireless Bandwidth and Today's Surveillance Systems; 12 - 1 pm EST
    FMI: www.axis.com/us/academy

    Toronto, Ontario
    FMI: www.axis.com/us/academy

    Axis Communications’ Sales and Support Programs 4 pm EST
    FMI: www.axis.com/us/academy

    Chicago, IL
    FMI: www.axis.com/us/academy


    October 2010
    Chelmsford, MA
    FMI: www.axis.com/us/academy

    Crowne Plaza, Austin TX
    For more information: www.tdi.state.tx.us/fire/

    Charlotte, NC
    FMI: www.axis.com/us/academy

    Spotlight on Axis Video Hosted Systems; Montreal QC
    FMI: www.axis.com/us/academy

    Baton Rouge, LA
    FMI: www.axis.com/us/academy


    November 2010
    Montreal, QC
    FMI: www.axis.com/us/academy

    Tulsa, OK
    FMI: www.axis.com/us/academy

    Long Island, NY
    FMI: www.axis.com/us/academy


    January 2011
    Omni Mandalay Hotel, Irving TX
    For more information: www.esa-summit.com

    ADVERTISER INDEX
    Acquisition & Funding Services
    Alarm Capital Alliance
    Anixter
    Arecont Vision
    Axis Communications
    Broadview Security
    C.O.P.S.
    CCTV Imports
    Communication Networks
    Contractors Wire & Cable
    Digital Monitoring Products
    DSX Access Systems, Inc.
    Everfocus
    GE Security
    Genetec
    Globtek Inc.
    HID
    Honeywell
    ISC West
    Larrabee Ventures, Inc.
    Linear Access
    Monitronics International
    National Monitoring Center
    Northern Video Systems
    Protect America
    Protection One
    SAFE LP
    Security Central
    Smith & Wesson Security
    Speco Technologies
    United Central Control
    WH International Response Center




    HOME       SUBSCRIBE       RESOURCES       ADVERTISE       CONTACT       PRIVACY POLICY      

    United Publications, Inc.
    © 2010 United Publications Inc.