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Slide #2. Numerex — Omnilink Systems Inc.
Omnilink Systems Inc.
Numerex Corp (Nasdaq:NMRX) a leading provider of on-demand and interactive machine-to-machine (M2M) enterprise solutions announced today that it has completed the previously announced acquisition of Omnilink Systems Inc., an award-winning M2M company providing reliable and intuitive tracking and monitoring solutions to businesses, consumers, and government agencies. This acquisition will enable Numerex to expand its position in the fast-growing security and safety, tracking and monitoring market segments.
Numerex is a holding company. Through its subsidiaries, Co. is a provider of managed enterprise solutions enabling the Internet of Things, a solution viewed as a combination of devices, software and services that operate with little or no human interaction. It consists of using a device or sensor to capture event data relaying the data through a network to an application (often with cloud or Internet based software) by way of a horizontal platform, which then translates the captured data into actionable information (for example, alarm notification send help, the whereabouts of a person of interest, the location of an asset being tracked, and the fill level in a tank is too low).
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Buy (2.67 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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