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TeleCommunication Systems Acquires Small Firm Specializing In Cyber Security

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TeleCommunication Systems Inc. [TSYS] this week said it has acquired Solvern Innovations Inc., a provider of wireless communications products and solutions and training to customers in the Department of Defense and intelligence community. Terms of the deal were not disclosed, although TCS said the purchase included cash, one million shares of its common stock, and an additional consideration based on Solvern's gross profits in 2010 and 2011. Stephens Inc. security analyst Tim Quillin pegs the price of the deal at…

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