Risco Group Acquires Electronics Line 3000.

Risco Group has acquired Electronics Line 3000 Ltd., a supplier of wireless security and remote management systems serving mass residential and commercial markets worldwide for 25 years. The acquisition, completed just days before the ISC West trade show, will further expand RISCO Group, Inc.'s broad range of products and integrated systems.

 "Risco's intent is to maintain Electronics Line 3000's independent operations and product offerings and to grow the company to become the residential arm of Risco Group while expanding the product portfolio into video and management solutions together with major partners worldwide," said Moshe Alkelai, Risco Group Chairman and CEO. Electronics Line 3000 provides unique solutions by partnering with leading monitoring companies, distributors and residential service providers.

"We firmly believe Electronics Line 3000 has a bright future under the leadership of the Risco  Group team and will benefit significantly from the many potential synergies that exist between Electronics Line and Risco," said Bob Marbut, Co-Managing General Partner of Argyle Global Opportunities, formerly Electronics Line 3000's largest shareholder.
As part of the acquisition, Mr. Marbut will hold the position of Chairman at Risco Group adding his industry experience and key relationships to facilitate the growth of Risco's business in the U.S. market.
"This acquisition is a great opportunity for Risco Group. Our integrators and customers will now have access to Electronics Line 3000's technological innovations and high-quality products, which perfectly complement and expand our current offerings," said Len Friedman, President and CEO, Risco. "The acquisition is an exciting new element in our ongoing strategy for success designing, developing and implementing end-to-end security systems in the U.S. market."