BTG Invests in WheelGroup's Information Protection System.VIENNA, Va.--(BUSINESS WIRE)--MAY 7, 1996--BTG, Inc. (Nasdaq: BTGI) and WheelGroup Corporation announced that BTG BTG BIT (Built-In Test) Target Generator BTG Bridging the Gap BTG British Technology Group BtG Betreuungsgesetz (Germany) BTG Biomass Technology Group BV BTG Begbies Traynor Group has agreed to pay $1.5 million in exchange for WheelGroup stock, convertible debt, and prepaid services. Under the terms of the agreement, BTG may convert a note into additional shares of stock for a potential 21% interest in WheelGroup. The agreement gives BTG the right to provide WheelGroup's information protection products and services to commercial markets, and the exclusive right to resell or distribute these products and services to the U.S. Government and to certain state and local governments. BTG President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Ed Bersoff said the company is pleased with the opportunity to invest in WheelGroup, which offers a unique technology for protecting valuable organizational data from fraud and misuse on unsecure networks such as the Internet, Intranets, and wide area networks. "As more organizations become connected to the Internet," Bersoff said, "there is a growing risk of data theft. In addition, the potential for loss increases as more confidential business and financial transactions are conducted over the Internet. We have seen a growing demand by our government and commercial clients for secure controls that move beyond the level of security offered by traditional firewalls. WheelGroup's network security management system does just that." WheelGroup President Toney Jennings said the agreement will extend the availability of WheelGroup's security products and services to BTG's extensive customer base in the federal market. He said government agencies as well as commercial firms will benefit from WheelGroup's NetRanger(TM) Information Protection Management System, which provides information protection for electronic data. NetRanger uses sensors to detect, record and repel re·pel v. re·pelled, re·pel·ling, re·pels v.tr. 1. To ward off or keep away; drive back: repel insects. 2. intrusion attempts in real time. The sensors, installed between the client's network and the unsecure network, are monitored seven-days-a-week, 24-hours-a-day at WheelGroup's network security operations center A Security Operations Center is a centralised unit in an organisation that deals with security issues. The Transportation Security Administration (TSA; an agency within the US Department of Homeland Security) has implemented Security Operations Centers (referred to as SOC) in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . The data is received via the virtual private network capability in the NetRanger system and displayed on network management applications such as HP Openview HP OpenView was a Hewlett Packard product range consisting of an extensive portfolio of network and systems management products. In 2007 the entire HP OpenView portfolio was rebranded under the strengthened HP Software name. and IBM's NetView. "An important feature of our system," Jennings said, "is that it works in real time, detecting an intruder An attacker that gains, or tries to gain, unauthorized access to a system. See attacker, intrusion and IDS. while the attack is in progress and launching automatic countermeasures That form of military science that, by the employment of devices and/or techniques, has as its objective the impairment of the operational effectiveness of enemy activity. See also electronic warfare. to repel the attack." BTG Senior Vice President Randy Fuerst said the company will incorporate WheelGroup's technology with BTG's firewall monitoring and management expertise. "We will offer a complete information protection system integrated into the client's environment, from filling in existing security gaps to the development of encrypted private networks within the Internet. We'll also provide training so clients will have the option of operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. on their own or contracting with us for management and monitoring through BTG's network security operations center." BTG is an information technology company specializing in systems engineering, integration and networks; Internet/Intranet services; value-added reselling of computer hardware, software and services; and the manufacture of high-performance computers. The company has over 900 employees and offices in ten states and overseas. Additional information on BTG is available on the Internet at http://www.btg.com/, by e-mail at info@btg.com, or by calling 703-556-6518. Investors contact: John Graham John Graham, Johnny Graham or Jack Graham may be: In politics and history:
The WheelGroup provides operational information protection capabilities to business and government organizations. The firm, headquartered in San Antonio, Texas, is privately funded. In addition to providing high-level security consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" and developing operational systems, WheelGroup maintains a network security operations center which augments a client's network operations personnel with around-the-clock incident response and intrusion control support. For more information about WheelGroup, contact Bob Fish, Vice President of Marketing and Sales, at 210-494-3383. CONTACT: BTG, Inc., Vienna John Graham, 703/761-6675 (Investors) or Theda Parrish, 703/761-6581 (Editors) |
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