Spectra acquires Lapis assets

SPECTRA SYSTEMS' CEO, Nabil Lawandy, working with staff at the company's South Main Street location in Providence. / PBN FILE PHOTO/FRANK MULLIN
SPECTRA SYSTEMS' CEO, Nabil Lawandy, working with staff at the company's South Main Street location in Providence. / PBN FILE PHOTO/FRANK MULLIN
PROVIDENCE – Banknote security systems supplier Spectra Systems Corp. has acquired proprietary software, multi-year contracts and long-standing customer relationships from Lapis Software Associates LLC, Spectra announced Tuesday. Parsippany, N.J.-based Lapis, which is in the gaming software industry, has a 15 percent worldwide market share of the secure Internal Control Systems segment, primarily with U.S. state…
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