• Lumidigm completes $7 million funding round

    VCs continue to show interest in biometric technologies; Series C funds will support customer-centric deployments of multispectral imaging fingerprint systems

  • Magal Security Systems receives $45 million in contracts

    Israeli smart-fencing company receives contracts from several U.S. critical infrastructure operators; recent developments along the Gaza-Stip-Egypt border offer Magal new opportunities

  • Emphasis shifts to analytical tools rather than building sturdier walls

    The $169 million PayPal paid for Israeli on-line security specialist Fraud Sciences is part of a larger trend in security: “Security is less a matter of keeping everyone outside the outer wall and more one of detecting them sneaking through the premises,” as one analyst put it

  • Intel No.1 on EPA Green Power Partner list

    Intel will purchase more than 1.3 billion kilowatt hours a year of renewable energy certificates; company said it hoped the record-setting purchase would help stimulate the market for green power

  • U.K. Ministry of Defense selects BAE for SSEI

    The Software Systems Engineering Initiative (SSEI) aims to reduce the cost and speed up production of the software; the government has identified such software as “the critical enabling technology” for modern platforms; BAE’s Military Air Solutions will lead a consortium to manage the project

  • In anxious markets, defense contractors are a safe, stable bet

    Market anxiety and worries about recession notwithstanding, U.S. defense companies are doing fine — and expect to be doing fine in the coming year; an analyst says that the defense industry is “a pillar of stability compared to the turbulent markets in other industries”

  • New direction charted for wartime contracting

    Government watchdog organizations say the cost of the war in Iraq has ballooned, in part, because of the dearth of trained acquisition professionals assigned to the theater and the failure of federal agencies to establish a uniform set of procurement policy guidelines

  • American Superconductor's New York grid work moves forward

    Massachusetts-based American Superconductor signed a contract to to develop and install new electrical power-grid technology in New York City which would enable Con Edison better to handle power surges and interruptions caused by accidents, weather or terrorist attacks; after government agencies’ squabble, and congressional examination of the contract, DHS tells company to go forward

  • Invenergy, GE Energy in $1 billion wind turbine deal

    Since 2004, GE’s wind turbine business has grown 500 percent, with its wind business revenues exceeding $4 billion in 2007; half of all wind turbines sold in the United States since 2005 were manufactured by GE

  • VC investing rises 11 percent in 2007 to $29.4 billion

    2007 saw U.S. VC funding continue to grow the fourth year in a row; there were 3,813 venture deals totaling $29.4 billion; clean technology, life sciences lead investments

  • L-1 to acquire biometric access control specialist Bioscrypt

    L-1 continues its expansionthrough-acquisition campaign; the latest acquisition is Candian biometrics specialist Bioscrypt; the acquisition would give L-1 a position in both the biometric physical and logical access control spaces as well as far more exposure to the commercial market than it currently has

  • John Stroia joins SIA board

    Stroia, a sixteen-year veteran at Diebold, now leads the company’s government security sales organization and event monitoring team; SIA, a 300-member strong trade association, represents electronic and physical security product manufacturers, standard specifiers, and service providers

  • Two Florida companies see their stock prices increase 35% in 2007

    Melbourne, Florida, is home to two security companies: Communication manufacturer Harris and biometrics specialist Authentec; both companies saw the price of their stock increase by more than 35% in 2007

  • China attracts $3.18 billion in venture capital in 2007

    In first eleven months of 2007, China has attracted $3.18 billion in venture capital, up 78.9 percent from 2006; 428 contracts were signed

  • Homeland Security Investors Conference opens tonight

    More than 300 middle-market homeland security industry executives, investors, and prime defense contractors who are looking to exploit opportunities afforded by the growth in the homeland security and government services market will attend homeland security investors conference