About

My photo
Andrew T. Gillies is Director of Communications at the Center for Audit Quality, an affiliate of the American Institute of CPAs, in Washington, DC. Based in Washington since 2002, he has also worked in editorial and communications roles at the Investment Company Institute, the World Bank, Forbes, and Vault.com. His policy-themed writing has focused on aerospace and defense, energy and environment, transportation, and financial services.

Wednesday, January 17, 2007

VC Builds Inside The Beltway

WASHINGTON, D.C. - Two years ago, venture capitalist Hans Kobler and his partners at Digital Power Capital persuaded several smaller-portfolio companies to merge into a Washington-headquartered entity, ICx Technologies, focused on the detection and surveillance markets.
How's that decision working out? "Terrific," says Kobler, 41, ICx Technologies' chief executive officer.

We doubt he'd tell us otherwise. Still, for entrepreneurs and venture investors interested in the homeland security market, ICx Technologies' approach bears observation.