ATLANTA, Feb. 21, 2013 /PRNewswire/ -- Numerex Corp (NASDAQ: NMRX), a leading provider of on-demand and interactive machine-to-machine (M2M) enterprise solutions, announced today the purchase of the assets and business of AVIDwireless, including intellectual property and know-how, that will support the development of Numerex next-generation M2M platforms and managed services.
AVIDwireless established a solid reputation in the M2M industry with regard to innovative and carrier-grade engineering solutions to enterprise. Customers served by AVIDwireless typically require rapid development of mobile and M2M applications to manage complex, interdependent multi-device industrial M2M deployments, which need on-site intelligence and equipment management as well as reporting, alerting, and alarming protocols.
Ease-of-use and rapid deployment are key attributes of AVIDwireless development initiatives that are provided through plug-and-play wireless remote control and monitoring solutions. These include smart devices, such as the intelligent wireless controller AVIDdirector®, integrated with the flexible AVIDdirector M2M Application Framework, and are ideally suited for a variety of Numerex managed services programs. Also, Numerex will benefit from a mature and proven set of embedded hardware and software platforms that are both versatile and robust, with a track record of successful technical execution spanning many years.
"This transaction gives us access to an extensive Java-based library of device applications, drivers, portal and platform manager on which to build our various technological enhancements centered on Numerex FAST®, our Service Delivery Platform," said Dr. Jeffrey O. Smith, Chief Innovation and Technology Officer of Numerex. "The AVIDwireless team will be joining an already highly talented pool of technical professionals to add development platform and application framework capabilities that optimize the customer experience."
In addition, AVIDwireless brings to Numerex a talented team of engineers, technicians, and project management professionals who have efficiently and effectively delivered a host of M2M solutions. AVIDwireless's expertise and technologies have been implemented in several attractive M2M market segments such as oil field site management systems; intelligent tracking; wireless temperature monitoring; wireless tank and well monitoring; and intermodal system and asset tracking.
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's product lines, certain prior art, and several customer contracts.
About Numerex Numerex Corp (NASDAQ: NMRX) is a leading provider of interactive and on-demand machine-to-machine (M2M) technology and services, offered on a subscription basis, used in the development and support of M2M solutions for the enterprise and government markets worldwide. The Company offers Numerex DNA® that may include hardware and smart Devices, cellular and satellite Network services, and software Applications that are delivered through Numerex FAST® (Foundation Application Software Technology). In addition, business services are offered to enable the development of efficient, reliable, and secure solutions while accelerating deployment. Numerex is ISO 27001 information security-certified, highlighting the Company's focus on M2M data security, service reliability, and round-the-clock support of its customers' M2M solutions. For additional information, please visit www.numerex.com.
© 2013 Numerex Corp. All rights reserved. Numerex, the Numerex logo and all other marks contained herein are trademarks of Numerex Corp. and/or Numerex- affiliated companies. All other marks contained herein are the property of their respective owners.
Statements contained in this press release concerning Numerex that are not historical fact are "forward-looking" statements and involve important risks and uncertainties. Such risks and uncertainties, which are detailed in Numerex's filings with the Securities and Exchange Commission, could cause Numerex's results to differ materially from current expectations as expressed in this press release. These forward-looking statements speak only as of the date of this press release, and Numerex assumes no duty to update forward-looking statements.
Numerex Corp Contact: Alan Catherall 770 485-2527
Investor Relations Contact: Seth Potter 646 277-1230
SOURCE Numerex Corp