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Mace Security sells IVS

November 9, 2011Martha Entwistle

COPPELL, Texas—Mace Security on October 27 announced the sale of IVS to Costar Video Systems, which is based here. IVS is a distributor of high-end digital and machine vision cameras and professional imaging components, which has been in business since 1989.Costar paid $517,000 cash at closing plus an additional $100,000 consideration payable if certain revenue levels are achieved by Costar in the first 90 days following the sale.Jim Pritchett, CEO of Costar, said his security operation benefits...

Costar, IVS, Jim Pritchett, Mace Security, Michael Smith, Southern Imaging