ANNAPOLIS, Md. -- TeleCommunication Systems, Inc. (TCS)(NASDAQ:TSYS), a world leader in highly reliable and secure mobilecommunication technology, today announced it has acquired privately-heldmicroDATA GIS, Inc., a leading provider of Next Generation 9-1-1 (NG9-1-1)software and solutions.
The aggregate acquisition consideration is approximately $37 million,comprised of $20 million in cash at closing, plus $14 million inpromissorynotes and performance-based earn-out opportunities. TCS is financing thecash portion with an updated bank term loan arrangement.
microDATA¹s technology and expertise expands TCS¹ end-to-end public safetycommunication solutions in several ways. As a pioneer in GeographicalInformation Systems (GIS), microDATA has a mature GIS product and toolssuite, comprehensive training programs and large, highly scalable GIS datagathering and consolidation capabilities.
TeleCommunication Systems Inc. (TCS) (Nasdaq: TSYS)