G4S, the world’s leading international security solutions group, today announces the acquisition of Touchcom, Inc. (“Touchcom”) from Patrick de Cavaignac, Patrick Barry, Lester Halbik and a number of other individual shareholders for an initial cash consideration of up to $23 million and a further cash consideration of up to $33 million subject to the achievement of specified growth targets over a three year period.
Acquisition of Touchcom, Inc.
Touchcom is a US-based developer, installer and maintainer of large-scale, web-based electronic security systems and facility management software, providing security consultancy and design services to the commercial and government sectors.
Touchcom utilises its unique web-based platform, OneFacility, to enable businesses to integrate their various building management and security systems, allowing remote management and data consolidation. The system forms a central database for the many activities which take place within a single site or multiple locations.
The acquisition of Touchcom will allow G4S to offer a unique integrated security consultancy and delivery capability to its US customers by combining Touchcom’s expertise in systems integration and management with G4S Wackenhut’s strong market position in the commercial and government sectors.