Comparing the buy to acquiring, or bolting on, a new tool, CompuDyne Corp. CEO Martin Roenigk, said his firm?s recent purchase of Signami LLC is a good fit for his security products company.
“This is a bolt-on type of acquisition that will enhance our technology and will give us a state-of-the-art product line,” Roenigk said.
In recent years, Annapolis-based CompuDyne has been positioning itself as a major player in homeland security and defense, Roenigk said.
On Monday, CompuDyne said it bought Signami, a 5-year-old company based in Severna Park, for an undisclosed sum. Signami hardware and software is used by U.S. national intelligence agencies as well as units of the Army, Navy and Air Force, Roenigk said.
The company?s software and hardware has also been used by the intelligence agencies of 17 other countries, said Bert Jones, the co-founder of Signami. Jones announced his retirement following the CompuDyne purchase. He said he plans to stay on temporarily to help with the transition.
“We will see many benefits arising from this merger and believe our customers will be well-served by the increased capabilities that will occur within four to six months,” Jones said.
CompuDyne announced Tuesday that it has struck a $900,000 deal with the city of Chesapeake, Va., to improve a public safety system used by the city. The contract calls for upgradingthe dispatch system used by the Chesapeake Police Department.
“Even though our existing CompuDyne field reporting system met state mandates and departmental requirements for paperless reporting, the new reporting system is especially impressive and user friendly,” said Cindy Feldman, the information technology manager for the Chesapeake Police Department.
