Free Subscription


Free Subscription

Radio Resources International FREE SUBSCRIPTION

Back Issues

Home

News

News

HEADLINES

Archived News Items

ONLY Online Library News Items
ONLY Online Library News Items

Issue Highlights
Issue Highlights

Association Links

Association Links US

Association Links US

Association Links International

Regulatory Links

Regulatory Links

Regulatory Links

Regulatory Links

Event Calendar
Event Calendar

Editorial Department

Editorial Department

Editorial Department

Editorial Department

Editorial Department

Editorial Department

Editorial Department

Editorial Department

Editorial Department

Editorial Department

Advertising/Marketing

ContactUs
ContactUs

Adlink
Adlink

SuperGuide

JobSource
Jobsource

Online Transmission Newsletter
Online Transmission Newsletter

Online World News Newsletter
Online World News Newsletter

MC University
MC University

Webinars
Webinars

send page to a colleague
sendtofriend

CalAmp Completes Wireless Matrix Acquisition (3/4/13)
CalAmp completed the previously announced acquisition of the operations of Wireless Matrix. The acquisition will enable CalAmp to expand its product and service offerings within core vertical markets, company executives said.

The purchase price was $52.9 million paid in cash at closing. The assets acquired by CalAmp included cash of about $6 million. CalAmp funded the purchase price primarily from the net proceeds of its recent equity offering of about $45 million.

"The Wireless Matrix acquisition is a foundational component of our long-term growth strategy, positioning CalAmp as the leading provider of integrated hardware and software solutions within our core verticals, while expanding our market opportunity to address new applications with major global enterprise customers,” said Michael Burdiek, CalAmp president and CEO. β€œIt clearly enhances our competitive position in the both the near and longer term as it accelerates CalAmp's development roadmap and growth prospects."

Your comments are welcome, click here.


Pandata
Copyright © 2000 - 2014, Pandata Corp., All Rights Reserved.
Privacy Policy and Legal Statement.

AdLink