December 2010  
Avrio Technology Group completes add-on acquisition of Panos Corporation of Huntington Beach, CA
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Chicago, IL – LaSalle Capital Group ("LaSalle Capital") and its portfolio company Avrio Technology Group ("Avrio") are pleased to announce the acquisition of Panos Corporation ("Panos").

Panos is a software engineering firm based in Huntington Beach, California that supports the intelligence and defense communities nationwide. Panos has been engineering and servicing database systems since 2000, and is regarded as one of the most experienced and technically diverse database firms in the country.

Panos is the first business acquired by Avrio since its formation in September 2010 and expands the platform’s service capabilities. "Panos is an excellent strategic fit for our existing radio frequency platform that will further expand our product and service capabilities in the RF industry," stated Bob Swelgin, CEO of Avrio. "Pete Karanikas and his team have built the leading software engineering firm with a reputation for superior technical service and capabilities. Panos will be an outstanding addition that enhances our presence in the intelligence community as well as with several new customers, enabling us to take our business to the next level."

Pete Karanikas, CEO of Panos, commented, "Our acquisition by Avrio will allow us to better serve our clients through a more complete set of product offerings and solutions. We are excited about the business combination and think that this will expand our reach into new and existing end markets." If you have questions regarding this acquisition or would like to discuss other opportunities in the security guard services industry, please contact Nick Christopher or Jeff Walters of LaSalle Capital at (312) 236-7041.


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