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Starting to move up again ,come on all the Barrier boys !
But at last its moving on up now ;-)
Ok mate thanks ,was looking on the news tab on here and there is nothing !!
RNS issued at 7.00am today.
Cannot understand why no RNS on this news of the acquisition ,am i going mad ??
(RTTNews) - Thursday, Digital Barriers Plc (DGB.L: News ) announced the acquisition of Waterfall Solutions Ltd. for a maximum consideration of GBP 5.5 million in cash and loan notes. Digital Barriers noted that initial consideration of GBP 3.9 million is payable in cash on completion and will be satisfied from its existing cash reserves. Deferred consideration of up to GBP 0.85 million is payable in cash and loan notes on the completion of Waterfall's current financial year, ending on 30 September 2011, subject to the satisfaction of certain performance conditions and the continued employment of key management. An additional GBP 0.75 million of deferred consideration is payable in cash and loan notes on completion of the subsequent financial year, ending on 30 September 2012, subject to the satisfaction of certain performance conditions. The founder, managing director and majority shareholder of Waterfall will remain with the business as managing director, and the current management team will also remain in place, Digital Barriers noted. Click here to receive FREE breaking news email alerts for Digital Barriers and others in your portfolio
Updated: 09-21-2010 3:52 pm COE Group, a UK-based manufacturer of IP, fiber and hybrid network video equipment, announced Tuesday that it has been acquired by Digital Barriers, a provider of solutions for the homeland security market. In a statement, COE said that the acquisition will provide the company with access to financial resources and experience in the national security marketplace. "We bring more than 20 years of heritage in video surveillance, helping to secure high-profile sites around the world. I see great potential to embed our expertise and technologies in an organization that is able to address the most demanding of security requirements and has ambitions to build both its scale and reach," said Ian Jefferson, CEO of COE. According to Tom Black, executive chairman of Digital Barriers, COE expands the company’s surveillance capabilities and will extend their reach into other markets.
PARIS/NEW YORK, Sept 20 (Reuters) - Face-recognition software maker L-1 Identity Solutions is being sold to two top European defense companies as the arms industry diversifies more deeply into the battle against everyday security threats and fraud. French group Safran confirmed a $1.09 billion cash deal to buy the U.S. security company and its core biometric business in a move that will also see British defense company BAE Systems extend its reach in the United States. The deal is the latest in a string of mid-tier security and defense companies that have been snapped up by traditional arms suppliers. Diversified U.S. manufacturer 3M Co agreed to buy Cogent Inc for $943 million in early September, paying a premium of nearly 18 percent for the maker of identification systems used to screen travelers at border crossings. As major contractors face sharp cuts in defense budgets, they are looking to acquire smaller companies with niche technologies in cybersecurity, civil security, surveillance and intelligence -- a deliberate shift in focus from bombs to bytes. 'We are definitely going to see more deals as the large defense players have very strong balance sheets,' analyst Michael French of Morgan Joseph & Co said. 'They are in a good position to spend. They can easily raise capital these days.' L-1's shares rose 20 percent to be the top percentage gainer in New York Stock Exchange trading after state-controlled Safran announced its bid, which represented a 24 percent premium to L-1's closing share price on Friday. Shares of many niche defense technology companies, which are considered potential targets, also rose. Signal intelligence company Integral System Inc and drone maker AeroVironment both rose more than 2 percent. American Science & Engineering Inc shares were also up about 2 percent, while Cubic Corp shares were up more than 1 percent. The deal will go ahead if L-1 completes a plan to sell its government consulting arm to BAE for $296 million. Both transactions were announced on Monday after Reuters reported details and named BAE as the co-buyer. L-1's face-recognition and other biometric products are used by government agencies to improve security and border management and commercially at financial institutions. The use of biometrics, allowing machines to identify people through unique characteristics of each human body, is spreading quickly due to growing security fears. However, privacy concerns have slowed their adoption in some markets. For a factbox on biometric identification click on. The technology is moving toward mobile applications, such as handheld scanners for use in law enforcement and voting. L-1's gadgets are even being used widely to enroll school bus drivers. The $12 per share offer from Safran, which makes aero engines, military goggles and security equipment, matched the top end of analyst forecasts seen before the announcement. Connecticut-based L-1, fo
Once they all start to come together people get to see the real picture ,imho ,this is a classy company ,you will not get pestered by the ramp brigade on here ,at last i have found the love child of Portrait LOL..................
Offer unconditional in all respects On 30 July 2010, Digital Barriers made a recommended cash offer for the entire issued and to be issued ordinary share capital of COE. The Offer Document was posted to COE Shareholders on 30 July 2010. The Board of Digital Barriers is pleased to announce that all of the conditions to the Offer have now been satisfied or waived and, accordingly, that the Offer is unconditional in all respects. The Offer will remain open for acceptances until further notice. As at 3.00pm on 20 August 2010, Digital Barriers had received valid acceptances in respect of 34,152,824 COE Shares representing in total approximately 92.94 per cent. of COE's issued share capital. None of these acceptances were received from persons acting in concert with Digital Barriers and each of these acceptances will be counted towards the satisfaction of the acceptance condition under the Offer. Prior to making the Offer, Digital Barriers obtained irrevocable undertakings to accept, or procure the acceptance of, the Offer from certain COE Shareholders in respect of 23,101,490 COE Shares, representing in aggregate approximately 62.87 per cent. of the issued share capital of COE. In respect of the COE Shares which are the subject of irrevocable undertakings, Digital Barriers had at 3.00 pm on 20 August 2008 received valid acceptances in respect of 22,375,550 COE Shares, representing approximately 60.90 per cent. of the issued share capital of COE.
Specialist security firm Digital Barriers (LON:DGB) has acquired Overtis Solutions - part of the privately-owned Overtis Group, an ‘insider threat management’ expert - for £3.20m in cash. The company plans to integrate the business with Security Applications Limited (SAL), which Digital Barriers acquired in March.
BANGALORE, Aug 27 (Reuters) - Ashton Carter, the Pentagon's chief weapons buyer, wrote to staff in late June outlining his department's determination to cut costs and shift more than $1 billion in savings to modernize troops and technology. Within 48 hours, Boeing Co, one of the Pentagon's biggest contractors, announced its acquisition of signal technology firm Argon ST, swiftly followed by its purchase of cyber-software maker Narus. As the United States strengthens its focus on national security, Boeing's peers Lockheed Martin Corp, Northrop Grumman, General Dynamics, Goodrich Corp and BAE Systems Plc, will also be eyeing a bigger slice of the surveillance and intelligence market. All of which is sending valuations sky-high for the mid-tier defense contractors that provide the niche surveillance and intelligence technologies. Boeing's deal for Argon ST, and FLIR Systems' buy of Argon's rival ICx Technologies saw valuations inflate to about 14 times forward EBITDA, well above the broader sector average of 8-9 times. As deals gain momentum and valuations rise, one name doing the rounds as a potential next target is Applied Signal Technology, whose products are used by U.S. defense and homeland security agencies to intercept cellphone, microwave and military communication signals. Others likely to attract interest include Mercury Computer Systems, ComTech Telecommunications, Integral System Inc, which helps the military control ground systems and satellites, and drone maker AeroVironment Inc , analysts said. 'These smaller companies come up with 80 percent of the solutions at a fraction of a price,' said David Rowlett, an analyst at T. Rowe Price Group, which manages $391 billion. 'They compete on nimbleness and innovation and can move quicker than the big guys.' L-1 Identity Systems, a maker of finger and iris recognition devices, said last week it was close to announcing a deal, which analysts peg at around $1 billion. 'Eventually some other areas would also get consolidated, but for the next 12-18 months, it will be the niche growth areas attracting deals,' said Brian Ruttenbur of Morgan, Keegan & Co. SIGNALS MIXED The acquisitions of Argon ST and ICx saw defense valuations break the double-digit barrier for the first time in three years, but the broader sector won't see similar increases just yet. 'The high numbers will be specific to the industry that is in high demand,' Michael Lewis of BB&T Capital Markets said. 'Highly coveted businesses like intelligence, very niche offerings like censors, unmanned systems, cyber security - those are the areas that will see a high M&A premium,' he said. Analysts expect Applied Signal to have a valuation similar to that of Argon ST, in a takeover scenario. 'If there's a company out there that wants to make a strong bid for a property like Applied Signal, it will have to bid very, very high,' Lewis
Interesting little stock this ,definately off the radar it seems,quick summary ,two recent acquisitions of what would appear to have been integral units to DGB,s business model looks like a shrewd move to me.Run by the old Detica board,lots of good experience there and in a growing market i reckon this one is worth a go and for that reason i am in ,actually i got in last week but hey ho, gla hope to see some familiar faces in here soon ,sector ;-)
Hi all. I got introduced to this just stock after the float and two days later saw something on the news related to its proposition. If I am right, then these guys will introduce intelligent CCTV camera accross all of the major airports, stadiums, offices, ports, government buildings etc and if it is the same technology "as seen on TV", then it monitors the movement of everybody in the vicinity of the camera and compares their behaviour to that of everybody else. On TV, the reporter on TV bent down whilst walking in a busy crowd a dropped a bag near a bin - within seconds the camera had isolated his image and raised a security alert as a potential bag drop - and was now tracking him . How fantastic is that! Next to food, (oxygen) and drink then IMHO security (and especially anti-terrorist security) has got to be one of the most sought after products in the market. I have been waiting for a share price drop to get in ...and just seen this go down so I will be in on this next week. Tom Black knows what he is doing and you have only got to look at the Executives he had a Detica to see he is very well connected. Do we have a real life James Bond in our midst?
I was involved with BAe and new was was coming. I would like to think there is more upward travel in the short distance till they find the right buys, Im still a
I completely missed this one, ouch. I had researched the directors of this company and checked their previous place of work http://www.detica.com/ and was impressed. i was prepared to take a punt but got distracted when the £1,043 i set aside got trigeered with a buy limit on on tuesday buying WET. That with a few other distractions make me missed checking the listing on thursday, only for me to see on friday after that this went up 28% on its first day of trading. My only concern was that how soon with they start any acquisitions seeing they have done the same for Detica before they were bought over by BAE. Looking at their data and how quickly they have impressed, i am shocked and have to review things very qucikly next week Placing details Placing Price: 100 pence Number of ordinary shares in issue on admission: 24,782,500 Net proceeds of the Placing receivable by the Company: £19.0 million Percentage of the enlarged share capital placed: 80.7 per cent Market capitalisation of the Company following the Placing at the Placing Price immediately following admission: £24.8 million (now over £33million in 2 days) Food for thought, how far can they go so quickly?
two days trading, and 39% up already. was investigating it last weekend and missed the date. ouch!!! only 20million shares in issue, i think that says a lot. what do you think? all the guys are from http://www.detica.com which was bought by BAE
You fellow investors, keep an eye on this new boy