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SYS Technologies executes a definitive agreement to acquire cVideo Contact: Nelson Faller
On November 17, 2005, SYS Technologies ("SYS" on the American stock exchange), executed a definitive agreement to acquire cVideo, headquartered in San Diego, California. SYS Technologies is a leading provider of real-time information technology solutions for industry and government customers. The transaction is anticipated to close in early December Over the last six years, cVideo has established itself as a leader of software-based and integrated digital video applications. These applications are used in video surveillance and loss-prevention system solutions for commercial (including industrial) and government (including homeland security) clients. Recent developments enable cVideo to bolster its Marathon DVR line for enhanced performance and usability. Our central station video monitoring integration solutions, coupled with NetManager-a network-wide system management solution-positions us at the forefront of video monitoring operation technology. In addition, our POS (Point Of Sale) video integration and our cVI (Video Intelligence) technologies provide state-of-the-art business operation tools as well as automated security surveillance for today's threat-filled environments. cVideo is currently developing web-centric command and control applications, and is poised to add new platform solutions to improve our video application capabilities. Within SYS Technologies, cVideo will be part of the Public Safety, Security, and Industrial Solutions Group. In this division, we will gain positioning to broaden our market scope and penetration. The financial stability and strategic successes of SYS Technologies provide an advantageous platform for us to deliver leading-edge video solutions. New and existing customers will benefit from the stronger organization. Specifically, cVideo customers and partners will benefit from the following:
This acquisition came at the right time for cVideo. It will strengthen and better equip us to reclaim our leadership position in the market, and enhance our service and support for our customers If you have any questions about this information, please contact Nelson Faller at 858 385-2010 or nfaller@cvideo.com. All cVideo phone and fax numbers will remain the same, and its headquarters will remain in San Diego, California. About cVideo cVideo is a leading provider of interactive video and information analysis products. cVideo products record and transmit video and audio used in the surveillance and protection of multi-site businesses and their assets. cVideo is the affordable digital surveillance management system; ideally combining file-compression, image quality, and remote monitoring features specifically suited for the surveillance market. cVideo headquarters are at 10967 Via Frontera, San Diego, CA 92127, (858) 385-2000 or visit us at: www.cvideo.com About SYS Technologies SYS Technologies (AMEX: SYS - News, is a leading provider of information and communications systems for the Department of Defense, Homeland Security, and Industrial markets. SYS Technologies' expertise is in real time sensor capture, communications, applications development, integration and data visualization which forms the basis of its current success and future growth. For the Department of Defense (DoD), they provide command and control systems to operational commanders. For the U.S. Department of Homeland Security and various state agencies, we provide real-time safety and security products and services, including sensor networking products and end-to-end solutions. For large industrial customers in the telecommunications, utilities, construction, chemical, and biomedical industries, their products and services are used to intelligently and profitably manage remote assets. SYS Technologies is headquartered in San Diego at 5050 Murphy Canyon Road, San Diego, CA 92123 and has principal offices in California, Virginia and Washington, DC. For additional information, visit the SYS Technologies web site at: www.systechnologies.com
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DOWNLOAD THE DAYLIGHT SAVING TIME DVR UPDATE SYS Technologies Releases cVideo Version 6.0 Software cVideo POS Solution Featured in Convenience Store News Magazine SYS Technologies executed a definitive agreement to acquire cVideo cVideo Moves Ahead with GSA Contracts cVideo Technology Successfully Implemented at 150 E-Z Mart Stores |
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