CompuDyne gains new contracts
Hanover-based security technology company CompuDyne Corp. said it received $18.2 million in contracts during May. CompuDyne saw its highest level of awards so far this year in May, saying the growth represents a recovery from 2003, when contract awards were fewer. Company backlogs increased for the second month in a row.
MVA buys identity fraud software
The Maryland Motor Vehicle Administration purchased a software that will allow it to combat identity fraud at all of its statewide locations. The software, called ID-Check and developed by Woodbury, N.Y.-based Intelli-Check Inc., will help prevent individuals from using false out-of-state licenses and other fraudulent documents to obtain genuine Maryland state-issued driver's licenses.
Intelli-Check develops identification and document-verication systems. ID-Check instantly reads, analyzes and verifies the encoded data in magnetic strips and bar-codes on government-issues IDs in approximately 60 jurisdictions in the U.S. and Canada to determine if the content and format is valid.
USi buys Appshop
Annapolis-based USi, which provides complex software programs and databases for businesses over the Internet, bought Fremont, Calif.-based Appshop for more than $40 million in cash and stock. Appshop brings more than 40 clients to USi. About 160 employees will be added to the payroll after 25 to 30 positions are trimmed. Late in May USi bought Chicago-based Strong3Inc., an enterprise management firm.
Baltimore incubator program adds to board
Five new members have been appointed to the board of directors overseeing Baltimore's Emerging Technology Center incubator program:
-- Martha J. Connolly, director of Maryland Industrial Partnerships (MIPS), a program of the Maryland Technology Enterprise Institute
-- Eugene DeLoatch, dean of Morgan State University's School of Engineering and a former president of the American Society for Engineering Education (ASEE)
-- B. Lee McGee, an executive vice president with Laureate Education Inc., formerly Sylvan Learning Systems
-- Jane M. Shaab, senior director of business development for the University of Maryland, Baltimore and vice president for business development for the UMB BioPark
-- Paul M. Silber, president and CEO of In Vitro Technologies
The Emerging Technology Center program, overseen by the Baltimore Development Corp., consists of three incubator facilities housing a variety of information technology and biotechnology companies. The Emerging Technology Center incubator program also added six new early-stage technology companies:
-- Avideon Corp., a technology marketing company, earlier this year became the first tenant in the city's newest incubator, the Emerging Technology Center@Johns Hopkins Eastern in Waverly. The former Eastern High School on 33rd Street is now owned by Johns Hopkins University.
-- Emerging Audit, developing technology to ensure compliance with e-mail marketing regulations;
-- LCSJ Communications, a telecommunications company;
-- Optimal Solutions Group, a consulting firm.
-- BA Systems, an information technology company;
-- Nora LLC, a health care startup focusing on developing diagnostics and treatments for infertility.
SteelCloud buys V-One
Virginia-based SteelCloud is acquiring Germantown-based V-One in a stock deal worth $16 million. Both companies make IT security products. V-One shareholders will get one SteelCloud common share in exchange for every 8.5 shares of V-One common stock they own. SteelCloud makes network security software. V-One specializes in wireless and satellite security products.
USi buys Strong3Inc.
Annapolis-based USi, which provides software programs and databases to companies over the Internet, acquired Strong3Inc. of Chicago.
USi was one of the first application service providers to emerge in the late-1990s, leasing software to customers and running systems through the Web. The company filed for Chapter 11 bankruptcy protection two years ago.
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