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Slide #10. Numerex Corp — Omnilink
Numerex Corp (NMRX)
Numerex Corp (Nasdaq:NMRX) a leading provider of on-demand and interactive machine-to-machine (M2M) enterprise solutions announced today that it has signed a definitive agreement to acquire Omnilink Systems Inc., an award-winning M2M company providing reliable and intuitive tracking and monitoring solutions to businesses, consumers, and government agencies. With Omnilink's technology, product offerings, and strategic alliances, Numerex expands its position in the fast-growing security and safety, tracking and monitoring market segments. Omnilink enables consumer solutions offered by the top tier-one wireless network operators, including mobile personal emergency response systems and child tracking services. According to a 2012 Frost & Sullivan market analysis, the 10-year U.S. data consumption forecast for the Security and Safety Segment totals 28.4% CAGR with connections growing from 2.8M in 2013 to 4.8M by 2018*.
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)
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