ID technology, the company formed by CEO Ray Higgs in 1998 which went on to merge with EDS, formed by chief operations officer Brian Dunn two years later, is merging with South African-based company, Intervid.
In the last three years id technology group, which provides CCTV, EAS, source tagging and other retail security products, has built up an impressive list of clients including Dixons, B&Q, Powerhouse, Robert Dyas, American Express and Barclays and Wilson. It also increased its turnover to £11 million.

Following lengthy negotiations, id technology group's shareholders voted unanimously to accept an offer from Intervid S.A. to acquire the group's shareholding.

The company will become a standalone subsidiary of Intervid Europe, bringing significant financial resources to the group, a strong R&D department and an international presence. id technology aims to develop its technical services department further following the merger. Ray has signed a minimum five year contract with the group, while Brian will dedicate his time to customers and focus on developing the business further.

Source

Security Installer