Business News

Supply Chain Integrity Completes Second Round of Funding; Raises $2.5M from Multiple Investors

2008-08-07 09:16:00

Supply Chain Integrity Completes Second Round of Funding; Raises $2.5M from Multiple Investors

          LoJack Corporation Increases Stake in SCI to 60 Percent



    ROCKWALL, Texas, Aug. 7 /EMWNews/ -- Supply Chain

Integrity (SCI), developers of an innovative, first-of-its-kind integrated

solution that reduces and manages risk throughout the supply chain, today

announced the completion of its second round of funding. As part of the

round, LoJack Corporation (Nasdaq: LOJN) has increased its investment in

SCI, now owning 60 percent of the company.



    Robert Furtado, Supply Chain Integrity's Chief Executive Officer, said,

"We are very pleased to have completed this transaction raising additional

funds and expanding our working relationship with LoJack. With its

increased stake in SCI, LoJack is enabling us to evolve beyond security and

cargo theft applications and into integrated supply chain protection

solutions that address enterprise risk associated with supply chain

threats, which we believe is the future of our industry. SCI is fortunate

to be able to leverage LoJack's recognized brand, recovery expertise and

law enforcement relationships, which are important differentiators and

unequaled in the marketplace."



    According to a survey conducted by Chubb Group Insurance Companies,

broken links in the supply chain is one of the top three threats to

business operations in 2008. Today, SCI is the only company that provides

an integrated solution for supply chain protection -- from information

sharing and analysis to investigative intelligence to covert monitoring and

recovery. It is building an extensive, diverse community of members, from

private industry to law enforcement, who for the first time have a platform

to share information and combat supply chain threats. SCI's customers

include the leading manufacturing, logistics and retail corporations in the

world.



    "LoJack originally invested in SCI because we saw it as a strong entry

into the emerging cargo security market," said Ronald V. Waters, LoJack

President and Chief Operating Officer. "Today, the opportunity has expanded

to enterprise risk management and our investment will help SCI deliver

powerful solutions for that emerging market segment. This investment is

part of LoJack's strategy to diversify our business through entry into new

markets, growing our international business and developing new products

based on our technology -- all with the goal of providing solutions that

recover a wider range of valuables globally."



    About Supply Chain Integrity



    Founded in 2004, Supply Chain Integrity (SCI) is the only company that

provides a total integrated solution for supply chain protection -- from

information sharing and analysis to investigative intelligence to covert

monitoring and recovery -- making its solution the most complete in the

industry. SCI is building an extensive, diverse community of members --

from private industry to law enforcement -- who for the first time have a

platform to share information and combat supply chain threats, making the

company a powerful force in the market. In 2008, LoJack Corporation became

a majority shareholder in SCI, bringing its venerable brand's resources,

recovery expertise and law enforcement relationships to this innovative,

emerging company. Visit http://www.sc-integrity.net.



    About LoJack Corporation



    LoJack Corporation, the company that invented the stolen vehicle

recovery market more than two decades ago, is the global leader in

recovering valuable mobile assets. The company's time-tested system is

optimized for recovering stolen mobile assets through its proven Radio

Frequency technology and unique integration with law enforcement agencies

in the United States that use LoJack's in-vehicle tracking equipment to

recover cars, trucks, commercial vehicles, construction equipment and

motorcycles. The company's Stolen Vehicle Recovery System delivers a 90

percent success rate for cars and trucks and has helped recover more than

$4 billion worldwide in stolen LoJack-equipped assets. Today, LoJack

operates in 26 states and the District of Columbia, and in more than 30

countries throughout North America, South America, Europe, Africa and Asia.

Visit http://www.lojack.com.




CONTACTS: Robert Furtado Paul McMahon Supply Chain Integrity LoJack Corporation 951-775-1168 781-251-4130 Laura Feng Jeanne Bock Tier One Partners Tier One Partners 978-975-1414 781-861-5249

Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website 
TheNFG.com now offers Organic Lead Generation & Traffic Solutions





























Blake Masterson

Freelance Writer, Journalist and Father of 5

Related Articles

Back to top button