Lensec **********
****** *** ******* ** 1998 *** ******** * VMS ******** **** *** been ******** ** ********* markets **** ********** *** education. **** ***** *** estimated ** *** $** - $*** *****. ***** in *** ** **** often ****** ** *** end-user, ********* ** ***** and *** ***-******** *****.
*** ******* *** ****** to **** * ****** product **** ***** ************, as ******* ***** ** business *** ****** ** years, **** ***** **** awareness, *********, ** ******** comparable ** **** ***** in-state ***** **** ***** Insight *** *******.
JValley **********
******* ** * ********* company **** **** ******** development *** *********** ******** in *** ****** **** and ******** ****** ******. They **** ~** ********* on ******** [**** ** longer *********].
******* ********** **** **** significant ************* ** ******'* code **** ** *** last ******* *****, ********* to * ****** ***** to ******. ******* *** also **** ******'* ******* sales ******* ******* ** the **.
Acquisition ***** *** *********
**** ***** *** ******* on *** ******* ** the ***********, ****** ******** to *******. ***** **** Lensec ******* ******** ** JValley *** *********** *** International ************, ** ***** more ** * ****** than * *********** *********** of ** ******** *******.
Future *** ******
****** **** **** *********** will ****** **** ** remain *********** *** ******* development ******* ******* ********, including *** ******* ** an *****-***** ********* **** are ********* *** ***** 2017. ****** **** **** shift **** ***** ****** sales ***** ** * more *********** *******-******* ******** in *** **.
** ******* ***** *** limits ** ******'* ********* here ****** *** ** constraints ** *** ******** who **, ******** ** other ****** *** ********* (like *****, *********, ****, etc.), **** ******* *** has **** *********.
Outlook *** *********** ***
** ****** ** *** more *********** ***** ** acquired ** *** ******** IP ***** ****** *** the ************* ** ******* hardware ************* **** ** challenging *** *********** ******** providers.
Comments (3)
Undisclosed #1
In that case, they should keep the VMS and sell the name; to someone who actually makes security lenses, for instance.
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Undisclosed Manufacturer #2
JValley is in Amman, Jordan, which is also where the previous owner of LenSec, Marwan Attalla is from, and I think lives today. He is from an extremely well respected family, and is exceptionally well connected in the Middle Eastern business community, and he is a pretty solid guy. I've heard that the King of Jordan was in his wedding, for a little perspective on his social circle. Probably a friend-of-a-friend deal, or the son-of-a-friend-of-a-friend.
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