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TMCNet:  Crossbridge Solutions Inc acquired by Telit

[January 02, 2013]

Crossbridge Solutions Inc acquired by Telit

Jan 02, 2013 (M2 EQUITYBITES via COMTEX) -- Machine-to-machine (M2M) communications specialist Telit Communications plc (LSE:TCM) announced today its acquisition of US-based Crossbridge Solutions Inc for an undisclosed sum.

Crossbridge provides M2M data and value added services and is located in Lincolnshire, Illinois.

According to Oozi Cats, chief executive of Telit, the acquisition of Crossbridge provides access to American value added service customers and provides Telit with an opportunity to expand its m2mAir offering to small and medium M2M customers in the US.

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