On November 15, 2007, Meridex Software Corporation announced that it had completed its acquisition of Savicon, Inc., a privately-owned provider of comprehensive IP video surveillance solutions, for consideration of 3,881,833 common shares of Meridex, which are subject to a hold period expiring March 15, 2008. With the acquisition finalized, Meridex has firmly established itself as a leader in the rapidly expanding IP security and surveillance market. Meridex is based in Vancouver, British Columbia and provides mobile facilities software solutions and information technology services. Savicon is a Boise, Idaho-based privately-owned provider of comprehensive IP video surveillance solutions. Meridex was advised in this transaction by a team from Fasken Martineau that included Iain Mant, Charlotte Bell, Melody Schalm and Martin Fisher-Haydis.