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Investment Bank and Chesapeake Innovation Center Team Up to Advance Research and Technology Development in Intelligence and Security InformaticsDrive to “Connect the Dots” in War Against Terrorism Stimulating Technology Investment/M&AC.E. Unterberg, Towbin and Chesapeake Innovation Center Team to Offer Market IntelligenceAnnapolis, MD (July 19, 2005) – Spurred by surging government and corporate spending, companies offering advanced technologies that can uncover patterns buried in huge amounts of data are experiencing explosive growth. This emerging “intelligence and security informatics” sector will be the focus of a new research partnership between New York investment bank C.E. Unterberg, Towbin (CEUT) and the Chesapeake Innovation Center (CIC), America’s first business accelerator for the homeland and national security sectors. The mission of the partnership will be to build a platform that capitalizes on the opportunities in the homeland security sector, from both an investment and strategic perspective. The partnership will be committed to enhancing the information available to emerging growth companies serving the homeland and intelligence industries and to institutional investors interested in that sector. Intelligence, homeland security and defense agencies are overwhelmed by the huge and growing volume of information they collect daily from immigration records, communications intercepts, wiretaps, intelligence reports, surveillance cameras, and numerous other sources. These agencies—with contracting budgets in the billions of dollars annually—are seeking advanced technologies and services to help turn mountains of information into specific knowledge that can prevent terrorist attacks. This contracting activity is driving significant growth, investment and M&A activity among start-ups, mid-tier and public companies alike. In addition, much of the technology being developed has “dual benefits,” meaning it can serve not just security requirements, but also commercial applications such as business intelligence and customer relationship management. “The informatics sector is one of the most promising emerging sub-sectors in the global security market,” said Michael E. Marrus, managing director of CEUT. “We’re delighted to be working with the Chesapeake Innovation Center to further technology advances in intelligence and security informatics, and to speed new innovations to market.” Scott L. Greiper, a principal at CEUT and the senior analyst covering the Global Security sector, said, ”The relationship with the CIC brings CEUT unique access to information from the U.S. intelligence/security community on the government’s demand for emerging security technologies. It will help us provide differentiated, value-added perspective and information to our clients.” Said John Elstner, CEO of the CIC, “The importance of the security informatics challenge and the size of the potential market are clear to corporations serving the homeland and national security markets, especially federal contractors in the Washington, DC-area. CIC will help CEUT work with the broader corporate and equity markets to understand this sector, along with the opportunities and challenges it poses.” Said Anne Arundel County Executive, Janet S. Owens, “CEUT will play a key role in developing the ‘Informatics Corridor’ centered in Anne Arundel County. Our region—home to America’s largest intelligence agency, the National Security Agency, many of the nation’s largest defense contractors and a host of innovative start-ups—is becoming an international magnet for R&D and investment in security informatics technology.” CEUT will sponsor market research at the CIC, including a study on the market for data mining technology for “unstructured data”—such as recorded calls, email, and video—that cannot be analyzed using traditional solutions. Research efforts will be led by CEUT Principal/Senior Research Analyst Scott Greiper, formerly of S.G. Warburg, and CIC COO/Senior Analyst Mark Sauter, co-author of the McGraw-Hill textbook, “Homeland Security: A Complete Guide to Understanding, Preventing and Surviving Terrorism.” About C.E. Unterberg, Towbin About the CIC For more information, visit the Center’s website at www.cic-tech.org.
For CEUT: For CIC:
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