Numerex acquires Omnilink Systems
by MDJ staff
May 11, 2014 12:47 AM | 1812 views | 0 0 comments | 13 13 recommendations | email to a friend | print
Cumberland-based Numerex Corp, a leading provider of interactive and on-demand machine-to-machine solutions enabling the Internet of Things, announced it has completed the acquisition of Alpharetta-based Omnilink Systems Inc., an award-winning M2M company providing reliable and intuitive tracking and monitoring solutions to businesses, consumers and government agencies.

The acquisition will enable Numerex to expand its position in the fast-growing security and safety, tracking and monitoring market segments.

The purchase price was $37.5 million in cash, subject to the adjustments set forth in the merger agreement. The transaction was funded through cash-on-hand and a $25 million term loan provided by Silicon Valley Bank.

The transaction is expected to be accretive to the company’s non-GAAP earnings per share in 2014 and beyond, and to significantly improve its competitive position, while enabling a number of synergistic growth opportunities in the commercial, government, and consumer markets.

Omnilink, founded in 2004, is a leading provider of offender electronic monitoring, asset tracking, personal tracking, and lone worker safety solutions. Omnilink offers a Software-as-a-Service recurring revenue model selling to and through market leaders across many industries. Its SaaS-based recurring revenues of $11 million account for the majority of the nearly $13 million in total sales recorded in calendar year 2013.

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