Agreement signed on Bulletproof Solutions
Global testing group Gaming Laboratories International has announced the acquisition of Bulletproof Solutions, Inc., a Canadian IT services company with a strong and growing portfolio of successful contract and project services.
The company did not give details of the consideration agreed upon.
The investment underscores the GLI Group's commitment to Canada, and in particular, New Brunswick and the Atlantic Provinces, the group said in a press statement Thursday.
The entire leadership team and executives at Bulletproof, including the senior management team led by Steven Burns, Jeff Shaw and Andrew Jefferies, will continue to operate the company following the acquisition.
Both companies plan to leverage Bulletproof's IT services capabilities throughout other provinces in Canada and in the United States.
In addition to traditional and core market clients in the public and commercial sectors, Bulletproof's offering will be available immediately to gaming, lotteries and voting machine related companies – all sectors where the GLI Group maintains a market share in testing related services.
The GLI Group's principal owner James Maida said, "While the GLI Group has businesses globally, the Atlantic Canada region is critically important to our strategy. The Bulletproof team has done an impressive job building a globally competitive company in New Brunswick. We're excited about the opportunity to expand Bulletproof throughout Canada and globally with New Brunswick as the base of operations.
"We see opportunities to expand into markets across Canada and the rest of the world. Atlantic Canada is a great place to do business and an ideal place to concentrate some key centralized services Bulletproof provides.
"We're going to deliver those services to a wider export market across the world. At the same time, we see an opportunity in parallel for on the ground operations to expand into other key regions of Canada and the USA."
Maida added that GLI is committed to growth in the Maritimes, commenting:
"Given the province's recent announcement on the development of its cyber-security strategy, we see great potential in being part of the implementation and growth opportunity by investing in existing infrastructure and competencies in the region. We find great synergies investing our capital there."
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