Trueposition Acquires Skyhook Wireless
BERWYN, Pa., Feb. 19, 2014 /PRNewswire-iReach/ -- TruePosition Inc., a provider of wireless location solutions and a subsidiary of Liberty Media Corporation, announces the acquisition of Skyhook Wireless, a provider of hybrid wireless positioning technology and contextual location intelligence. The acquisition bolsters the product portfolio of both companies by leveraging their complementary technologies.
Skyhook Wireless, based in Boston, MA is a global Wi-Fi, Cell and GPS location software provider handling billions of transactions per month. Skyhook "Precision Location" and "Context Accelerator" SDKs leverage the network to enable businesses to gain unprecedented levels of geospatial insight, optimize mobile and device experiences, provide the right content when it's needed and certify that location is precise and reliable.
Berwyn, PA based TruePosition creates custom geo-location solutions that leverage a variety of wide-area cellular location techniques including Uplink Time Difference of Arrival (U-TDOA), Enhanced Cell ID (E-CID), Assisted Global Positioning System (A-GPS), and TV Signal Positioning primarily for public safety and security purposes.
"TruePosition has long been recognized as the industry leader in safety and security related mobile phone geo-location due to its success in the E9-1-1 space," commented Jeffrey Glass, Skyhook CEO. "We are joining forces with the global location leader and are excited to leverage our combined technologies and Liberty Media's support to enhance our suite of products for our customers while taking Skyhook into new markets."
Commenting on the acquisition, Steve Stuut, TruePosition's CEO said, "Skyhook's technology provides TruePosition with another important tool in our technology and patent portfolio that perfectly complements our existing offerings. Skyhook's commercial focus balances TruePosition's safety and security strengths, and their location technology further strengthens TruePosition's ability to accurately locate mobile phones indoors. We anticipate that both companies will continue to operate in their respective markets while leveraging any available operational or technological synergies."
ABOUT TRUEPOSITION, THE LOCATION SPECIALISTS™
TruePosition is the global leader in location determination and intelligence solutions that help protect citizens, combat crime and save lives. TruePosition creates custom mobile location solutions for mission-critical situations where lives and safety are at stake and accuracy and reliability are paramount.
TruePosition has more patents, technical expertise and operational experience in wireless location than any other company in the world. Every day more than 100 million people depend on location services supported by TruePosition technology. TruePosition is owned by Liberty Media Corporation.
TruePosition, Inc., the TruePosition logo and LOCINT are registered trademarks of TruePosition, Inc. Other marks, such as The Location Specialists, are claimed as trademarks by TruePosition.
For more information contact:
Media Contact: David McHoul, TruePosition, Inc., 610-680-1072, email@example.com
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