logo
Share SHARE
FONT-SIZE Plus   Neg

Telit Communications To Buy Crossbridge Solutions - Quick Facts

Telit Communications Plc (TCM.L) has signed and consummated an agreement to purchase Crossbridge a premier US based M2M data and value added services provider located in Lincolnshire, Illinois, U.S.A. The company added that the Crossbridge acquisition and its U.S. based engineering and sales staff would allow Telit to expand its m2mAIR business unit offerings in M2M value added services and connectivity to the USA.

Oozi Cats, Chief Executive of Telit, said "the Crossbridge acquisition provides Telit with access to American value added service customers and provides Telit with an opportunity to expand its m2mAir offering to small/medium m2m customer in the U.S. We see tremendous synergies between m2mAir and the Crossbridge offering and we welcome the opportunity that this acquisition provides us to consolidate our presence in the US market."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
Follow RTT