21CSI Prepares for Acquisition of Its Force Protection Product Line
2008-07-15 12:08:00
Defense Contractor Engages Mergers & Acquisitions Firm
OMAHA, Neb.–(EMWNews)–21st Century Systems, Inc. (21CSI) announced today that it has retained
the services of The March Group, an investment bank with more than 20
years of experience, specializing in the marketing, negotiation and sale
of privately held mid-size businesses. The March Group provides a full
spectrum of investment banking and consulting services designed to help
entrepreneurs obtain financing in all stages of their company’s
development and will help 21CSI identify and enlist potential purchasers
of its unique, rapidly expanding Force Protection Line (FPL) which
provides numerous applications for both land and maritime surveillance.
The Force Protection Line includes products such as High Resolution
Situational Awareness (HiRSA™), an intelligent
command and control program that provides anti-terrorism/force
protection (AT/FP) operators with a persistent surveillance capability
and a user-defined operating picture. Originally deployed with Marines
in Iraq, HiRSA technology’s was recently
selected to participate in a groundbreaking program to help secure the
Jordanian border and demonstrated as a powerful, easy-to-operate
solution for potential use in U.S. border security. FPL’s
maritime applications are versatile and deployable in a number of
realms. SentinelNet™, an intelligent
agent-based AT/FP decision support tool, is used for protecting naval
assets in oversea ports and coastline expeditionary operations. 21CSI is
also developing the integration software for the US Navy’s
Integrated Swimmer Defense (ISD) project which seeks to protect naval
assets from single or small group of swimmers which are one of the most
difficult threats to detect and defend against.
By enlisting the services of The March Group, 21CSI is pursuing a
business plan that was launched last year. Commenting on the effort,
Jeffrey Hicks, Chairman and CEO of 21CSI, said, “Our
unique business model is to serve as a creator and incubator for
versatile technologies that, when mature, have broad application in both
the defense and commercial fields. Revenue from the sale will allow
21CSI to further invest in our other product lines, thus accelerating
and expanding our total technology reach. I am confident that The March
Group will identify a broad range of potential purchasers and investors
who would benefit greatly from the acquisition of our FPL technologies.”
21CSI develops decision support software to help operators manage
complex, high-stress, rapidly changing environments through sound,
computer-assisted data monitoring and decision making. Intelligent
agents embedded in the systems enable the software to adapt, respond,
and learn from individual users in a variety of different situations.
Find us on the web at http://www.21CSI.com.
21CSI March Group Communications |
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