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News

GlobalOptions Group Sheds Security Consulting Arm

Global Options Group : 05 May, 2010  (Company News)
Sale of security consulting and design services business combines with rebranding of Bode Technology Group to Forensic DNA Solutions and Products
GlobalOptions Group, a provider of domestic and international Risk Management services, has completed the sale of SafirRosetti, the security consulting and design services unit of its Security Consulting and Investigations segment, to Guidepost Solutions for approximately $5.25 million. The transaction consisted of $3.50 million in cash and a note with a face value of $1.75 million, plus contingent consideration of up to approximately $1.50 million, based upon the purchaser's realization of certain working capital targets. Bode Technology Group, the other unit in the segment, will remain with the company and the business segment will be renamed Forensic DNA Solutions and Products. GlobalOptions plans to use the proceeds from the sale for general corporate purposes.
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