Press Release - Morgantown, WV - February 13, 2012
SecurLinx Corporation has agreed to acquire the assets of ITM Associates, Inc. of Rockville, MD. Founded in 1993, ITM has developed longstanding relationships with key accounts in both the government and commercial markets. These contractual relationships are included in the transaction.
The acquisition of ITM is a significant step in SecurLinx’ strategic plan to expand its presence in the biometric identification and security market. “ITM has a successful history and solid reputation for providing innovative, targeted and high quality commercial products and services to government and commercial customers that we can leverage immediately,” said SecurLinx CEO Barry Hodge. According to Hodge, SecurLinx will utilize ITM’s technical experience and expertise to help support its goal of making SecurLinx "the most advanced and cost effective biometric solution provider in the industry.” Additionally, SecurLinx will work to expand ITM’s existing customer base which currently includes the Environmental Protection Agency and Verizon Communications.
“The merger of SecurLinx and ITM is an exciting development,” said Bob Procelli, former COO and co-owner of ITM, “I was impressed with SecurLinx biometric identification technology when I first met Barry and his team in 2010. “But it was Barry’s vision for growing the company and expanding into new markets that impressed me the most.” According to Procelli the combination of SecurLinx and ITM is a “perfect fit of cultures, customers, capabilities and products that will be a valuable asset for meeting the goals set out by Hodge.”
All ITM employees will be retained as part of the agreement. “We welcome the addition of ITM’s customers, products, and talented staff to SecurLinx” said Hodge.
About SecurLinx:
A wholly owned subsidiary of SecurLinx Holding Corporation (FRA: S8X) and located in Morgantown, West Virginia, SecurLinx is an advanced technology and software development company. The Company offers middleware products and systems applied to information sharing, secure access, and biometric identification. SecurLinx adds increased security, productivity, and seamless information management solutions in targeted markets where secure access to physical locations or information sharing networks is critical to the enterprise.
About ITM Associates:
ITM provides products and services that make businesses more profitable and prosperous by bridging the gap between business operations and the enormous potential of emerging technologies. ITM's staff of professionals designs, adapts and integrates technology to (1) eliminate or reduce time-consuming information processing tasks, (2) assist executives to make more informed and timely decisions, and (3) achieve greater efficiency by extending internal information systems to customers, vendors, and strategic partners.
