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July 8, 2008
BATM Makes Offer to Purchase Vigilant Technology
Deal would add intelligent IP surveillance and security solutions to BATM’s Offering
Kfar Netter, Israel, July 08, 2008 – BATM Advanced Communications (BVC:LN) a leading provider of carrier-class transport and access solutions for public and private IP and TDM networks, announced today that it has made an offer to purchase Vigilant Technology (VGT:AIM), a worldwide leading provider of intelligent IP surveillance and security solutions. The transaction will enable BATM to expand its business to include a complete range of high-end digital CCTV surveillance systems and intelligent video content analysis.
Vigilant Technology specializes in software and hardware which enables the capture, storage, archiving, retrieval and analysis of video and audio data from a large number of devices. The company will operate as a wholly-owned subsidiary of BATM, and will maintain an R&D team and research facility located in Tel-Aviv, Israel, as well as sales offices in the UK and USA.
Commenting on the acquisition, Dr. Zvi Marom BATM CEO said, “The intelligent IP based digital video/audio solutions developed by Vigilant Technology will enable us to penetrate new markets with a complete portfolio of surveillance and security platforms and expands BATM’s offering into IP applications.”
These target markets include transportation, gaming, municipalities, correctional facilities, finance, banking, and logistics. Vigilant has an installed base of more than 85,000 high-end channels worldwide including leading casinos in the US, Her Majesty’s Prison Service in the UK, local authority boroughs and shopping centers. Major customers include the Hong Kong airport and the Israel Diamond Exchange.
The Board of Directors for Vigilant has recommended approval of the offer to its stockholders.
About Vigilant Technology
Vigilant Technology is a worldwide leading provider of intelligent IP surveillance and security solutions. The company develops and manufactures advanced high-end digital recording systems, Intelligent video content analysis and sophisticated proactive control center solutions. Vigilant supports tens of thousands of cameras in airports, governmental sites, financial institutions, correctional facilities, casinos, city centers and more..
For more information, please visit http://www.VGLNT.com/.
Since its foundation in 1992, BATM has excelled in the design and manufacture of innovative high-performance communications equipment. Its leading edge technologies include fiber optic networking, multi-service transport, access solutions, and integrated IP voice, video and data services. BATM develops and produces an extensive line of all layer routing IP switches and muxes. Advanced optical solutions are integrated in many of those switches. Headquartered in Kfar Netter, Israel BATM has several subsidiaries in the United States, France, Germany, and APAC. Employing over 400 employees worldwide, BATM maintains a highly integrated research and development program between all its subsidiary companies.
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