Fidelity Management & Research Company and four related parties acquired 9.9% stake in Intelligent Digital Integrated Security Co., Ltd..
May 16, 2014 at 09:30 am IST
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Fidelity Management & Research Company and four related parties acquired 9.9% stake in Intelligent Digital Integrated Security Co., Ltd. (KOSDAQ:A143160) on May 16, 2014. Under the terms of agreement, Fidelity Management & Research Company and four related parties acquired 1.07 million shares of Intelligent Digital Integrated Security Co., Ltd.
Fidelity Management & Research Company and four related parties completed the acquisition of 9.9% stake in Intelligent Digital Integrated Security Co., Ltd. (KOSDAQ:A143160) on May 16, 2014.
Intelligent Digital Integrated Security Co., Ltd. is a Korea-based company mainly engaged in the development, manufacture and distribution of digital video recorders (DVRs). The Companyâs products portfolio consists of personal computer (PC)-based DVRs under the brand name Pacom, S1 and others, and stand alone DVRs for security usages under the brand name Honeywell, ADT and others. In addition, the Company engages in the manufacture of cameras and DVR peripherals under the brand name IDIS. The Company distributes its products within domestic market and to overseas markets. Its affiliated companies consist of HD PRO CO., LTD, engaged in the manufacture of cameras; IDIS Holdings Co., Ltd, a holding company, as well as Matrix Network Inc, IDIS Europe Limited and Revo America Corporation, which are engaged in the distribution of DVRs.