Forward-Looking StatementsĬertain statements discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Recognized worldwide for their patented, award-winning RFID solutions in more than 16 different industries, IDENTEC GROUP member companies develop and market innovative RFID solutions that identify, measure, track and trace assets and people across the value chain, delivering actionable information through the cloud. IDENTEC GROUP AG is a leading, advanced RFID solutions provider that capitalizes and grows companies in global business-to-business and business-to-consumer RFID markets. InSync was a subsidiary of IDENTEC GROUP AG. ORBCOMM is headquartered in Rochelle Park, New Jersey and has its Innovation & Network Control Center in Sterling, Virginia. Additionally, ORBCOMM provides Automatic Identification System (AIS) data services for vessel tracking and to improve maritime safety to government and commercial customers worldwide. Under its ReeferTrak®, GenTrakTM, GlobalTrak®, and CargoWatch® brands, the company provides customers with the ability to proactively monitor, manage and remotely control their cold chain and dry transport assets. ORBCOMM is an innovator and leading provider of tracking, monitoring and control services for the transportation market. By means of a global network of low-earth orbit (LEO) satellites and accompanying ground infrastructure as well as our Tier One cellular partners, ORBCOMM’s low-cost and reliable two-way data communication services track, monitor and control mobile and fixed assets in our core markets: commercial transportation heavy equipment industrial fixed assets marine and homeland security.
) Ltd., and Volvo Construction Equipment, among other industry leaders. Systems, Inc., Komatsu Ltd., Cartrack (Pty. Its customers include Caterpillar Inc., Doosan Infracore America, Hitachi Construction Machinery, Hyundai Heavy Industries, I.D. ORBCOMM is a global provider of Machine-to-Machine (M2M) solutions. For additional information, please refer to ORBCOMM’s SEC filing on Form 8-K regarding this transaction. This transaction closed on January 16, 2015. and South Asia, including a development center in Hyderabad, India, bringing enhanced web development capabilities and proven technology to ORBCOMM. InSync has 47 employees divided between the U.S. ORBCOMM acquired InSync from privately-held IDENTEC GROUP AG.
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“In addition, InSync brings an impressive base of customers and adds significant capabilities to ORBCOMM’s software team.” “InSync is a best-in-class application builder, and their advanced enterprise solutions will help our resellers and solutions providers reduce development costs and time to market while delivering powerful IoT solutions to end users in key vertical markets,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. InSync’s current customers include Iron Mountain, Dell SonicWALL, Gates Global LLC and Emerson Electric, Co. In addition, ORBCOMM will expand InSync’s uniform software platform that currently leverages RFID, cellular and sensor technologies to include satellite technology. ORBCOMM’s new and existing customers will benefit from InSync’s high-performance enterprise system adaptors and interfaces, which enable software solutions to be integrated with existing enterprise systems quickly and easily for maximum cost savings and immediate Return on Investment (ROI). With the addition of InSync’s versatile, turn-key software applications, ORBCOMM will enable its customers to rapidly build and deploy M2M and IoT enterprise solutions in core markets including transportation & distribution, cold chain, warehousing, supply chain, yard management, and manufacturing. The acquisition of InSync supports ORBCOMM’s strategy to provide the most complete set of applications and capabilities in the M2M industry, while broadening ORBCOMM’s market access to a wide range of industries. Headquartered in San Jose, CA, InSync’s software powers global sensor-driven asset tracking and remote monitoring applications that allow end users, managed service providers and independent software vendors to increase asset visibility, improve operational efficiencies and reduce risk.
(InSync), a premier provider of Internet of Things (IoT) enterprise solutions across a broad spectrum of vertical markets, applications and customers. (Nasdaq:ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that it has completed the acquisition of InSync Software, Inc. ROCHELLE PARK, N.J.-( BUSINESS WIRE )-ORBCOMM Inc.
Adds highly adaptable web platform to broad portfolio of M2M solutionsĮnables rapid deployment of network services and products by end users and resellers across multiple vertical markets