Market Overview

Sierra Wireless Acquire M2M Embedded Module and Modem Assets of AnyDATA Corporation

Sierra Wireless (NASDAQ: SWIR) today announced it has entered
into an agreement with AnyDATA Corporation and its subsidiaries to
acquire substantially all of the assets of AnyDATA's machine-to-machine
(M2M) embedded module and modem business. The transaction is expected to
close by the end of this month.

Upon completion of the acquisition, AnyDATA's M2M embedded module and
modem portfolio will become part of the Sierra Wireless OEM Solutions
product line, and a team of 16 sales and engineering staff from
AnyDATA's Korean subsidiary will join Sierra Wireless. AnyDATA's M2M
embedded module and modem products generated approximately $10 million
U.S. in revenue during the last 12 months and the business is modestly
profitable.

See full press release

Posted-In: News Dividends Offerings Contracts Asset Sales FDA Legal Management

 

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