3M Acquires GuardiaNet Systems Inc.; Expands 3M Product Offering and Services for Libraries.Business Editors/High-Tech Writers ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn.--(BUSINESS WIRE)--April 4, 2003 3M announced today it has acquired GuardiaNet Systems Inc., a leading software company serving the public library market. Terms of the transaction were not disclosed. GuardiaNet's software and hardware manages access and collects fees for the use of library resources such as computers, printers, copiers, audiovisual See A/V. equipment and meeting rooms, also known as shared public resource management. "This acquisition enhances 3M's participation in the fast-growing shared resources Sharing a peripheral device (disk, printer, etc.) among several users. For example, a file server and laser printer in a LAN are shared resources. Contrast with shared logic. segment of library service and builds on the success of our core library business," said Pete Swain, division vice president, 3M Safety and Security Systems Division. "We are excited about broadening our product offering and service to customers as a total solutions provider integrating hardware, software and service for libraries." 3M is a global leader providing library materials flow-management products to identify, secure, track and manage information and materials. Its product portfolio includes systems for detection, self-service check out and security used in libraries throughout the world. About 3M 3M is a $16 billion diversified diversified (di·verˑ·s technology company with leading positions in consumer and office; display and graphics; electronics and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. ; health care; industrial; safety, security and protection services; transportation and other businesses. Headquartered in St. Paul, Minnesota, the company has operations in more than 60 countries and serves customers in nearly 200 countries. 3M is one of the 30 stocks that make up the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. and also is a component of the Standard & Poor's 500 Index. |
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