Business Services Industry

The Providence Journal, R.I., business briefs column.

Knight Ridder/Tribune Business News, December, 2004

The Providence Journal, R.I. Knight Ridder/Tribune Business News

Dec. 15--STANLEY BUYS ISR SOLUTIONS: Stanley Works, owner of the Stanley Bostitch plant in East Greenwich, has acquired Washington-based ISR Solutions for $34 million in cash to increase sales to the U.S. government with a wider range of security-system services. Government contracts accounted for half of ISR's $40 million in revenue in 2004. Other ISR clients include Bank of New York Co. and Dell Inc. The acquisition complements recently announced plans to purchase Security Group Inc., adding medium- and high-security products and software for the U.S. Homeland Security Deptartment and other government agencies.

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