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Paladin closes third fund, exceeding target of $300 million
Paladin Capital Group closes its third fund, Paladin III L.P., with equity commitments of $340 million; Paladin, a leader in homeland security investing, has more than $980 million under management across multiple funds and thirty-one portfolio companies
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U.S. managed security services market to reach $2.8 billion by 2012
The U.S. managed security services market was valued at approximately $1.3 billion in 2007, an increase of 19.6 percent over 2006; IDC says this figure will increase to $2.8 billion by 2012, representing a compound annual growth rate of 17.2 percent
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India eases foreign borrowing rules to aid infrastructure
The U.S. infrastructure is often described as “aging” or “crumbling”; in india they refer to the country’s “ramshackle infrastructure”; the Indian government, as part of a move to have $500 billion invested in improving the country’s infrastructure, eases borrowing rule, allowing Indian companies involved in infrastructure improvement to borrow more money abroad
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Chinese dairies add organic base found in plastics and resins to products
Lab tests in Hong Kong find that Chinese company’s dairy offerings, including milk, ice cream, and yogurt, were contaminated with melamine — an organic base usually found in plastics and resins, and banned in food
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GE, Google to collaborate on smart grid
The two companies, saying that existing U.S. infrastructure has not kept pace with the digital economy and the hundreds of technology opportunities that are ready for market, will focus on improving power generation, transmission, and distribution of energy;
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Push for nation-wide car tracking system in U.S.
Two companies quietly shopping new motorist tracking options to prospective state and local government clients; goal is to create a nation-wide car tracking system in the United States by using existing and newly installed red light cameras and speed cameras
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Lumidigm develops whole-hand sensor
Developer of finger-print biometrics will offer a whole-hand sensor; new system designed to read multiple characteristics of the hand through the use of multispectral technology
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IBM shows hardware-based encryption tool
System x Vault protects data when a server’s hard drive is disposed or stolen, without affecting server performance
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Analyst group: Some companies cutting IT spending
Many large companies, especially those in the financial services, utilities, and telecommunications industries, have cut their technology budgets this year because of the economic slowdown
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Police motorcade to transport Col. Sanders' secret recipe
KFC plans to modernize its Louisville headquarters; the company’s top secret — the fried chicken recipe hand-written by Colonel Harlan Sanders — will be moved next week to a secure, undisclosed location in a military-like operation
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Lufthansa selects Smiths Detection for cargo security
Lufthansa will deploy Smiths Detection’s 500DT trace explosives detectors in all of its eighteen U.S. airport locations; the 500DT was recently placed on the TSA Qualified Products List
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BAE to participate in Encore II
U.S. Defense Information Systems Agency’s Encore II is a $12 billion program to protect U.S. military communication; BAE was awarded part of the contract
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Forecast: AeroVironment Warms Up
AeroVironment reports its first quarterly earnings numbers for fiscal 2009 today; the tiny UAV company has proven its competitiveness over bigger hitters in its, well, airspace
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Debating how to shore up U.S. infrastructure
As federal, state, and municipal governments justifiably look to the private sector to help rebuild the aging U.S. infrastructure, they must make sure that the public interest in affordable and accessible infrastructure does not take a back seat
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Small company benefits from growing interest in security
A recent study says that private security service demand in the United States will rise 4.7 percent annually through 2012 based on high perceived risks of crime and low expectations of public safety help; a small West Virginia security company benefits from this trend
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