IR Sells Off Bright Blue

Author: Brian Rhodes, Published on Sep 12, 2012

Once the hottest new access control product, Bright Blue has sunk into relative obscurity in a market teeming with competitive offerings. Despite falling by the wayside, IR has now sold off Bright Blue and a new ownership group thinks they can turn things around and fulfill BrightBlue's promise. Will they succeed? In this note, we take a look and break down the details.

Background

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*** ** *** **** ******** ****** ******* ************* **** ** in ****** ***** *** *** ************ ** *** ******* ************* ****- * *****/****** ******** ******** *********** ********** ****** ******* *******. BrightBlue *** ** ******** ** ** * **-******, **** ** use ****** ******* ******* **** ***** **** * **** ******* of ********** ******* ********. *** *********** ****** ** ****** **** *** *******.

*******

* *** ******* *************** ********** ****** * ******* ****** **** *** "******* ** ******** *** acquisition ** *** ********* **** ******** & *********** ******** ****, effective ****** **, ****. *** ******* ********* ******** ***, ***** and *** “****** ****” ****** ******* *******."

***** **** **********, ********** ********** *** ***** *** ******-***** ****** line****** ***** ********** ***************** **. ***** *** ***** ***** ** *** ******* **** was *** *********, ******** ***** ******* ***** ********* * **** percentage **** ********'* ******* ********. ********** ** *** **** ********* ******* ** *** *****, and **** ****** *** ******* ***** ***** ** *** *** company.

*** ** *** ********** ********* *** ******** *************** **** ********* and ********* *********** ** **********. ******* ***** ******** **** **** years ***, *** ******** ** ******* ********* ***** *** *** of ************, *** *********** ******** ** ******* **** ***********. ****** IR's **** ******** ******* *********, ********** ****** ****** ** *** continuously ******* *** ********.

*******

***** *****, ** ******** ** ***** ** ****** ******* ***** mostly ******** ** ********** ********. *** ******* *** *********** ******* to ** ******* ********** *** **** *** *****. * ******* ******* **** ********* ** **** **** ********** stands * ****** ****** ** *********** *** ******** **** *** treated ** * **** ******** *******.

*** ** *** ******, *** ********, ***** ****** ** *********** and ********** *** *******, ********** ****** ** ****** **** ** the ******* ** **** ****. *******, ********** ********** ***** ** demonstrate **** ** *** ******* *** *********, ************, *** ******* of *** **** *** ***** *** ******* *******, *******, *** small **** ** *** *** *******.

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