Print Press ReleaseVisual Defence Forms Strategic Partnership with Taldor in Israel
RICHMOND HILL, ONTARIO – April 29, 2008
– Visual Defence Inc. (LSE: VDI) today announced that it has signed a partnership agreement with Taldor to distribute and support the company’s integrated security solutions in Israel. Taldor, a publicly traded company on the Tel Aviv Stock Exchange, is a leading provider of business and technological solutions in Israel.
The agreement follows the company’s decision to close its office in Israel, one of the strategic initiatives to return to profitability in 2008. Under the agreement, Taldor becomes VDI’s distributor in Israel, selling and supporting VDI’s product line through its extensive sales channels and support infrastructure.
The arrangement will effectively remove VDI’s direct investment in Israel while continuing to provide the company business representation in the region.
“We are delighted to announce this new partnership with Taldor. The agreement will allow Visual Defence to reduce its overall cost base whilst maintaining a market presence in the region with a very strong local partner.” says Barry Tal, CEO, Visual Defence. “Taldor is a leading IT organization with proven credentials. This partnership puts in place a winning combination of leading-edge products with outstanding sales and support organization, ensuring long term success in supporting current and new customers.”
About Visual Defence
The agreement follows the company’s decision to close its office in Israel, one of the strategic initiatives to return to profitability in 2008. Under the agreement, Taldor becomes VDI’s distributor in Israel, selling and supporting VDI’s product line through its extensive sales channels and support infrastructure.
The arrangement will effectively remove VDI’s direct investment in Israel while continuing to provide the company business representation in the region.
“We are delighted to announce this new partnership with Taldor. The agreement will allow Visual Defence to reduce its overall cost base whilst maintaining a market presence in the region with a very strong local partner.” says Barry Tal, CEO, Visual Defence. “Taldor is a leading IT organization with proven credentials. This partnership puts in place a winning combination of leading-edge products with outstanding sales and support organization, ensuring long term success in supporting current and new customers.”
About Visual Defence
Visual Defence prides itself on mastering the “Art of Integration” and providing customized solutions. Working with System Integration and Installation partners, we provide advanced security solutions for leading government, airport, mass transit and commercial clients around the world. Leveraging 3C®, our proven Open Architecture IP Security Integration Software Platform, and suite of Video, IP Communication, and Situational Awareness applications, Visual Defence delivers solutions that meet exact business objectives. We turn functionality and interoperability requirements into intelligent, scalable and easy-to-manage solutions that provide end-users with the security insight they need to improve operations and effectively prevent and mitigate risk For more information, visit: www.visualdefence.com.
About TaldorTaldor is one of the leading providers of business and technological solutions in Israel, providing software, hardware, data security and communications solutions as wall as outsourcing of IT activities and business processes. The company is traded in the Tel Aviv Stock Exchange: 69.92% is held by DBSI and the rest is held by the public. For more information, visit: www.taldor.co.il
Product or service names mentioned herein may be the trademarks of their respective owners.
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