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Stock Market & Financial Investment News

News Breaks
February 21, 2013
07:12 EDTNMRXNumerex acquires assets and business of AVIDwireless
Numerex announced the purchase of the assets and business of AVIDwireless, including intellectual property and know-how, that will support the development of Numerex next-generation M2M platforms and managed services. The acquisition of AVIDwireless will have minimal financial impact to Numerex in the first year of operations. In addition to intellectual property and know-how, the company received AVIDwireless's product lines, certain prior art, and several customer contracts.
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