Investor Overview
Board of Directors/Management Team
Press Releases
Event Calendar
Investor Presentations
Stock Information
Analyst Coverage
Annual & Quarterly Reports
SEC Filings
Fundamentals
Frequently Asked Questions
Contacts & Information Requests
E-mail Alerts

News Release

<< Back

CompuDyne-Public Safety & Justice, Inc. Acquires Xanalys Investigative Software Solutions for First Responders

ANNAPOLIS, Md.--(BUSINESS WIRE)--Sept. 19, 2005--CompuDyne Corporation (Nasdaq:CDCY), an industry leader in sophisticated security products, integration and technology for the public security markets, announced today that CompuDyne-Public Safety & Justice, Inc. (formerly Tiburon, Inc.) has acquired Xanalys Corporation of Waltham, Massachusetts.

Xanalys provides a comprehensive suite of investigative management and analysis solutions that enable investigators to collect, analyze and share information and solve cases. Xanalys brings to CompuDyne more than 20 years of domain experience in the deployment of solutions that support the complex demands of investigation and intelligence operations. Its solutions are in use throughout the world by law enforcement, homeland security and intelligence agencies in addition to leading insurance and financial organizations. Highly unique to Xanalys software is its ability to search, retrieve, correlate and visually map information from structured and unstructured information sources such as phone records, email, letters and reports. This information can be traced back to its origins, eliminating any questions about data integrity.

"We see the acquisition of Xanalys as providing a powerful extension to our current product suite and an enhancement to our clients' investigation capabilities," said Dan Crawford, CEO of CompuDyne-Public Safety & Justice, Inc. "Our clients now have the world's best operational and investigation technology at their fingertips from a single source."

"This is a terrific match of capabilities, culture and shared goals," said Bill Hayden, General Manager of Xanalys. "The combined companies expand existing clients' capabilities while giving both companies access to new clients in common markets. The timing of the agreement comes as the demands for access, analysis and information sharing are increasing. Clients, shareholders and employees benefit on many fronts by combining CompuDyne-Public Safety & Justice, Inc. and Xanalys."

Terms of the acquisition were not disclosed.

CompuDyne-Public Safety & Justice, Inc. (CPS&J), a division of CompuDyne Corporation, is an industry-leading provider of automated public safety and justice systems which meet the demanding and complex needs of law enforcement, fire & rescue, corrections and justice environments. CPS&J has more than 350 installations supporting over 1000 agencies worldwide, including San Francisco, CA; Detroit, MI; Pittsburgh, PA; and the New York Metropolitan Transportation Authority Police.

Xanalys develops and markets innovative investigative management software solutions for financial, insurance, healthcare, law enforcement, homeland security and intelligence organizations. Xanalys combines award winning and patented software with their experience to deploy affordable solutions to address the complex demands of investigation management. Xanalys' clients include Ontario Provincial Police, Ontario, Canada; Citigroup; The Hartford; and the Illinois State Police.

Certain statements made in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including those statements concerning the Company's expectations with respect to future operating results and other events. Although the Company believes it has a reasonable basis for these forward-looking statements, these statements involve risks and uncertainties that cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors which could cause actual results to differ from expectations include, among others, capital spending patterns of the security market and the demand for the Company's products, competitive factors and pricing pressures, changes in legislation, regulatory requirements, government budget problems, the Company's ability to secure new contracts, the ability to successfully grow the Company by completing acquisitions, the ability to remain in compliance with its bank covenants, delays in government procurement processes, ability to obtain bid, payment and performance bonds on various of the Company's projects, technological change or difficulties, the ability to refinance debt when it becomes due, product development risks, commercialization difficulties, adverse results in litigation, the level of product returns, the amount of remedial work needed to be performed, costs of compliance with Sarbanes-Oxley requirements and the impact of the failure to comply with such requirements, risks associated with internal control weaknesses identified in complying with Section 404 of Sarbanes-Oxley, the Company's ability to simplify its structure and modify its strategic objectives, and general economic conditions. Risks inherent in the Company's business and with respect to future uncertainties are further described in its other filings with the Securities Exchange Commission, such as the Company's Form 10-K, Form 10-Q, and Form 8-K reports.


    CONTACT: CompuDyne Corporation
             Geoffrey F. Feidelberg, 410-224-4415 ext.313
             investors.relations@compudyne.com

    SOURCE: CompuDyne Corporation