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Adtech Global Solution (AGS), a worldwide service & engineering organization, bought out IP assets of Steelbox Networks Inc. in a foreclosure sale. Steelbox, a video surveillance company, gives AGS an industry-leading technology that will cater to the needs of the growing market. Tim Shadburn, AGS’ CEO stated:

Steelbox will contribute to AGS’ growth strategy for 2009 and beyond, while adding industry-leading Intellectual Property to our portfolio.

The community’s reaction to Steelbox’s exit from the market was simply overwhelming. We felt we were uniquely positioned to bring it back, allowing it to realize its potential.