Numerex Corp. (formerly NASDAQ:NMRX) – a wholly owned subsidiary of Sierra Wireless NASDAQ:(SWIR)[1][2][3][4] – is a provider of managed machine-to-machine (M2M)[5] enterprise solutions enabling the Internet of Things (IoT).[6][7][8][9]
History
editNumerex was founded in 1992[10] and was first publicly traded in March 1994.[11] On September 1, 2015 Marc Zionts was appointed as CEO and President of this company.[12]
In May 1998, Cellemetrry LLC was formed between Numerex Corp., BellSouth Corporation and BellSouth Wireless,[13] This was a joint venture between Numerex and Cingular. In November 1999, Numerex sold the wireline business to British Telecommunications PLC ("BT").[14] On March 28, 2003, Numerex acquired Cingular's interest in Cellemetry LLC.[15]
During this period, Numerex developed a Short Message Service Center (SMSC)-operated service bureau,[16] "Data1Source", providing SMS-related services to tier 2 and 3 carriers throughout the US. Data1Source was later sold.[17]
At the beginning of 2006, Numerex acquired the assets of Airdesk, Inc.[18]
In 2007, Numerex acquired the assets of Orbit One Communications, Inc..[19]
In October 2008, Numerex acquired Ublip.[20]
In February 2013, Numerex acquired AVIDwireless™.[21] In December 2013, it acquired i3G under the i-Tank™ brand.[22]
In April 2014, Numerex acquired Omnilink Systems.[23]
In September 2015, the company announced their recent implementation of the mySHIELD solution, connected by Verizon. The company also announced the "LTE for the IoT" program with T-Mobile.[24]
In December, 2017, Numerex was acquired by Sierra Wireless, Inc., a prominent provider of comparable services, in a deal estimated at US$107 million, becoming a wholly owned subsidiary of Sierra.[1][2][3][4]
Recognition
editIn 2014 and 2015, Numerex was awarded Best Overall Platform by IoT Evolution,[25][26] as well as Best Security Platform by Compass Intelligence.[27][28]
In 2015, it was recognized by the Technology Association of Georgia as a Top 40 Innovative Technology Company.[29][30]
See also
editReferences
edit- ^ a b "Sierra Wireless (SWIR) to Acquire Numerex Corp. (NMRX) in $107M Deal," August 2, 2017, Street Insider, retrieved 2018-10-17
- ^ a b "Numerex Corp_ Announces Shareholder Approval of Merger Agreement," December 06, 2017, Globe Newswire, retrieved 2018-10-17
- ^ a b Symington, Steve (investor in Sierra Wireless) "Why Sierra Wireless, Inc. Stock Fell 11.8% in December," December 30, 2017, The Motley Fool, retrieved 2018-10-17
- ^ a b press release: "Sierra Wireless, Inc. Completes Acquisition of Numerex Corp," December 07, 2017, Sierra Wireless, Inc., (also same article at Yahoo Finance Business Wire retrieved 2018-10-17
- ^ "AT&T builds on Internet of Things offerings with cloud-based data store". Computerworld. 5 January 2015. Retrieved 22 October 2015.
- ^ "Numerex strengthens executive team with CMO, CRO positions". Telecompaper.com. Retrieved 22 October 2015.
- ^ "iManage solution announced". Marietta Daily Journal. Retrieved 22 October 2015.
- ^ "IoT upgrade program announced". Marietta Daily Journal. Retrieved 22 October 2015.
- ^ "nxFAST™ Delivers Asset Management Solution for the Solid Waste Market". SupplyChainBrain.com. Retrieved 22 October 2015.
- ^ "Numerex and Omnilink come together to form a complete M2M value chain". M2M Now. Retrieved 22 October 2015.
- ^ "Inside Numerex - Machine-to-Machine solutions drive Cobb company's profits". Marietta Daily Journal. Retrieved 22 October 2015.
- ^ "Numerex Corp (NMRX) Names Marc Zionts as Chief Executive Officer". StreetInsider.com. Retrieved 22 October 2015.
- ^ "NumereX puts its spin on wireless technology". Bizjournals.com. Retrieved 22 October 2015.
- ^ "Numerex Corp. Sees Alarm Protection As A Safe Bet In An Increasingly Security-conscious World, A Media Company Sees A Huge Sales Opportunity". Philadelphia Media Network. Retrieved 22 October 2015.[dead link]
- ^ "Numerex buys Cingular's Cellemetry shares". Bizjournals.com. Retrieved 22 October 2015.
- ^ "NUMEREX SELECTS CMG WIRELESS DATA SOLUTIONS TO EXPAND SMS SERVICE OFFERING IN NORTH AMERICAN MARKET". Mobic.com. Retrieved 22 October 2015.
- ^ "Numerex sells messaging division to Wireless Services Corp". RCR Wireless News. 30 November 1999. Retrieved 22 October 2015.
- ^ "M2M news: Numerex picks up Airdesk". RCR Wireless News. 30 November 1999. Retrieved 22 October 2015.
- ^ "Numerex Acquires Orbit One Communications". Satellite Today. 6 August 2007. Retrieved 22 October 2015.
- ^ "Ublip goes to Numerex for M2M". RCR Wireless News. 30 November 1999. Retrieved 22 October 2015.
- ^ "Numerex acquires AVIDwireless". Telecompaper.com. Retrieved 22 October 2015.
- ^ "Numerex provides new remote-monitoring tools to i3G". TelecomEngine.com. Retrieved 22 October 2015.
- ^ "Numerex acquires Omnilink Systems for $37.5M". The Atlanta Journal-Constitution. Retrieved 22 October 2015.
- ^ "Numerex works with T-Mobile US to facilitate 2G to LTE migration". Telecom Tech News. 15 September 2015. Retrieved 22 October 2015.
- ^ "And the Winner Is … Numerex Nabs Prestigious IoT Evolution 'Battle of the Platforms' Award". TheNextMob.com. Retrieved 22 October 2015.
- ^ "Numerex Receives The Prestigious 2015 IoT Evolution "Battle Of The Platforms" Award". TheStreet.com. Retrieved 22 October 2015.
- ^ "Compass In The News". Compassintelligence.com. Retrieved 22 October 2015.
- ^ "Compass Intelligence lauds Numerex". Marietta Daily Journal. Retrieved 22 October 2015.
- ^ "Technology Association of Georgia's Top 40 for 2015". Bizjournals.com. Retrieved 22 October 2015.
- ^ "TAG Names Top 40 Innovative Technology Companies in Georgia". Technology Association of Georgia. Retrieved 22 October 2015.