Numerex acquires AVIDwireless

Thursday 21 February 2013 | 19:17 CET | News
Provider of on-demand and interactive machine-to-machine (M2M) enterprise services, Numerex has announced the purchase of the assets and business of AVIDwireless, including intellectual property and know-how, that will support the development of Numerex's new M2M platforms and managed services. The acquisition of AVIDwireless will have minimal financial impact to Numerex in the first year of operations. In addition to intellectual property and know-how, the company received AVIDwireless' product lines, certain prior art and several customer contracts. Financial details of the transaction were

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Categories: Mobile & Wireless
Companies: Numerex
Countries: World
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