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[March 19, 2013]
Homeland Security forms joint venture with Sense Technologies
Mar 19, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- Homeland Security Corporation (HSC) has formed a joint venture with Sense Technologies, LLC for the development, sale and support of additional identification methods, including biometrics and access control solutions to HSC's existing product line. Both the partners are based in the US.
HSC is a provider of home, industrial and commercial security systems. Sense Technologies is a custom developer and solution provider of integrated hardware and software targeting the transportation, pharmaceutical, law enforcement, healthcare, travel and tourism, time and attendance and access control industries.
Under the terms of the partnership, HSC and Sense Technologies will co-develop multiple security applications using HSC surveillance and CCTV technologies with biometric and access control solutions to positively identify all users accessing the system.
Deal Type Partnership Sub-Category Joint Venture Deal Status Completed: 2013-03-18 Deal Participants Partner 1 (Company) Sense Technologies, LLC Partner 2 (Company) Homeland Security Corporation Deal Rationale The partnership will allow HSC to enter and expand into new markets.
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