infoTECH News

TMCNet:  Numerex acquires AVIDwireless

[February 22, 2013]

Numerex acquires AVIDwireless

Feb 22, 2013 (M2 EQUITYBITES via COMTEX) -- Numerex Corp (Nasdaq:NMRX), a provider of on-demand and interactive machine-to-machine (M2M) enterprise solutions, announced on Thursday the purchase of the assets and business of AVIDwireless, including intellectual property and know-how.

Financial details of the purchase were not disclosed.

These assets and IP purchased are expected to support the development of Numerex next-generation M2M platforms and managed services. In addition to intellectual property and know-how, the company also received AVIDwireless' product lines, certain prior art and several customer contracts.

According to the company, the acquisition of AVIDwireless will have minimal financial impact on it in the first year of operations.

Comments on this story may be sent to info@m2.com

[ InfoTech Spotlight's Homepage ]


blog comments powered by Disqus

FOLLOW US

Subscribe to InfoTECH Spotlight eNews

InfoTECH Spotlight eNews delivers the latest news impacting technology in the IT industry each week. Sign up to receive FREE breaking news today!
FREE eNewsletter