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Spokane, Washington  Est. May 19, 1883
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News >  Business

Chicago exchange buys Post Falls security system

Associated Press

The Chicago Stock Exchange has added a network security system developed by Post Falls-based TriGeo Network Security.

The purchase, announced recently, helped push privately held TriGeo Network into profitability for the year so far, said CEO Michelle Dickman.

Dickman said the deal came to about $84,000, and makes it one of the three largest sales for TriGeo in the past year.

The Chicago Stock Exchange is a for-profit operation that provides equity trading for investors worldwide. It trades roughly 3,500 stocks from the New York, Amex, Nasdaq and over-the-counter exchanges.

TriGeo, formed about four years ago, creates network monitoring and intrusion-prevention systems. The product purchased by the Chicago Stock Exchange is the Security Information Manager, an appliance that tracks and identifies suspicious network activity or attacks.

TriGeo has about 25 employees, all in North Idaho.

Dickman said the sale to the exchange came about due to a trade show contact. Instead of asking for a demonstration or trial product, information managers for the exchange “just bought it” and were sure it would meet their needs, said Dickman.

— Tom Sowa

Precision Cutting buys property

The owners of Precision Cutting Technologies in Spokane Valley have bought property in the Spokane Business & Industrial Park and plan to build a new facility there for their company.

Precision Cutting Technologies currently is located in leased space at 9922 E. Montgomery. The company uses water-jet and laser-cutting equipment for projects including floor murals and signage. It employs eight to 10 people, depending on its work load.

Brenda and Clint Grassel have owned Precision Cutting Technologies for nearly seven years. They will spend about $600,000 on the project, which includes the price of the land, they said.

The Grassels haven’t chosen a contractor yet but said they hope to start construction in late August and move into the new facility before the end of the year.

The property is located in the industrial park’s North Park area. The real estate sale was handled by Tomlinson Black Commercial.

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