New York-based security systems integrator Nexus Technologies Group is now part of security industry investment company Homeland Security Capital Corporation.
The acquisition, which was announced on Wednesday afternoon, brings this mid-Atlantic integrator into the HSC fold for an unreported sum. Nexus, which is known for its work primarily in the corporate and government markets, had recently shown revenues near $5.4 million, with a corporate profit of close to $450,000.
Nexus, which was founded in 2004 and is comprised of 22 employees, has been a full-service integration firm, with experience in access control, CCTV, alarm, perimeter security, detection systems and alarm systems.
Homeland Security Capital's chairman and CEO C. Thomas McMillen has big plans for Nexus, calling the move part of a consolidation in the systems integration marketplace. McMillen projected Nexus to see revenues close to $10 million in 2006.
The announcement indicated that Nexus' primary leadership team will stay in place through the acquisition. The acquisition was completed by an HSC subsidiary.
Nexus Technologies Group is online at www.nexusna.com.