LOS ANGELES -- TechnoCom, a leading provider of solutions to enable wireless services and assure their ongoing performance, announced today the sale of their successful mobile resource management (MRM) device business to CalAmp Corp. (Nasdaq:CAMP), a leading manufacturer and supplier of wireless solutions.
This sale adds further focus to TechnoCom's core businesses, location assurance software and services, key to the success of revenue producing commercial location-based services (LBS) and the performance of life-saving wireless enhanced 911 (E911) services; and emerging wireless technologies, critical to enabling a new class of consumer and safety applications. TechnoCom is retaining rights to the technology used in its innovative LocationAssurance Devices -- an important differentiator in the location assurance marketplace.
"This transaction benefits all parties involved," said Masoud Motamedi, president of TechnoCom. "CalAmp's manufacturing expertise provides efficiencies that will help our MRM customers remain competitive over the long haul. And for CalAmp, this transaction brings with it a superior Location Messaging Unit (LMU) family of smart fleet tracking devices, a strong customer base, and outstanding growth."
TechnoCom Corp.