02 Aug Brady Corp. acquires software developer
MILWAUKEE — Brady Corp., a Milwaukee-based identification, safety, graphic systems and specialty materials manufacturer, has acquired a California visitor security software developer.
Brady did not disclose the terms of the acquisition of STOPware, Inc., of San Jose.
STOPware, founded in 1997, develops visitor-badging and lobby-security software used to identify and track visitors in a variety of settings, including businesses, healthcare facilities, multi-tenant dwellings and government buildings.
It had sales of approximately $2 million in fiscal 2005. Brady’s fiscal 2004 sales were approximately $671 million.
“The emphasis on safety and security, especially in secured areas and in places where large numbers of people congregate, has never been stronger,” said Brady vice president Tom Felmer. “STOPware’s proprietary products provide an innovative identification solution to help customers improve safety and security at their locations. This is a perfect fit with Brady’s current visitor-management product offerings, such as TEMPbadge self-expiring name badges.”
Brady acquired Temtec, Inc., which manufactures identification and security products including a variety of self-expiring badges, in 2002.