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SYS Finds Logic in Acquisition

SYS Technologies Inc., a San Diego-based software provider to the federal government and industrial customers, said Nov. 9 it acquired Logic Innovations, Inc., a local firm that provides technology that speeds the delivery of digital files, for $4 million in cash and SYS stock.

Applications for Logic’s products include the TV industry for the delivery of broadcast content; government, for monitoring and surveillance applications; and corporate, for distribution of internal information.

Logic’s revenues for the nine months ended Sept. 30 were $2.4 million. The transaction is expected to be accretive to SYS earnings, the company said.

Traded on the American Stock Exchange under SYS, shares closed at 4.81 Nov. 9.

, Mike Allen

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