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Business/Financial

Cubic Acquires Asset Tracking Solutions Firm Impeva Labs

DDN

Thursday, May 20th, 2010

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By Calvin Biesecker Cubic Corp. [CUB] on Tuesday said it has acquired the assets of Impeva Labs Inc., giving it solutions in the global asset tracking markets. Terms of the deal were not disclosed. Impeva, which filed for bankruptcy in April, was on the auction block. "We intend to leverage the next-generation technology developed by Impeva to become the market leader in global tracking for the Department of Defense homeland security and commercial markets," John Thomas, vice president of Finance…

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