 |
NewsTelular Announces Strategic Acquisition of SupplyNet Communications – Leading Wireless Tank Monitoring Provider10.01.08  Chicago, IL — October 1, 2008 - Telular Corporation (NASDAQ: WRLS ), the leader in alarm and event monitoring solutions and services, today completed the acquisition of SupplyNet Communications, a leading supplier of wireless tank-level monitoring services. SupplyNet Communications, based in Schaumburg, Illinois, provides private label and branded tank monitoring solutions for some of the world’s largest petroleum logistics and chemical companies. SupplyNet’s automatic replenishment (ARP) infrastructure enables the wireless monitoring of vital inventory information allowing companies to manage costs while optimizing cash flow with just-in-time delivery. As part of the acquisition, John G. Crump, President and Founder of SupplyNet, will join Telular’s management team as VP, M2M Sales and Services. “The acquisition of SupplyNet is consistent with our strategy to expand Telular’s portfolio of solutions into emerging markets with significant growth potential and recurring revenue streams,” said Joseph Beatty, president and chief executive officer of Telular Corporation. “By combining both our technology and experience, we will be able to introduce wireless ARP solutions to new industrial markets. We have a strong reputation for our existing products and have been providing machine-to-machine solutions (M2M) for many years through our Telguard® Digital line of cellular alarm communicators. This acquisition will diversify our revenue stream beyond the security space and into a relatively underpenetrated and burgeoning market. We are very pleased about this exciting growth opportunity and expect this acquisition to be accretive in fiscal 2009.” “The acquisition by Telular is an important step in our commitment to providing reliable and economical tank monitoring services,” said Mr. Crump. “I am very excited to join the Telular team and look forward to helping grow their M2M business.” Redwood Capital Group acted as exclusive financial advisor to Telular Corporation in connection with the transaction. About Telular Telular provides event monitoring and wireless access solutions for business and residential customers, enabling analog devices such as phones, faxes and computers to link directly with existing wireless connections. With over 20 years of experience in the wireless industry, Telular Corp. has developed patented technologies, providing businesses and consumers a bridge between their multiple communications technologies and a single wireless connection, delivering remote extension capabilities and access to voice, fax and data streams without significant network investment or disruption. Headquartered in Chicago, IL, Telular Corp. has sales offices in Atlanta and Miami. For more information, please visit http://www.telular.com. About SupplyNet Communications SupplyNet, (www.SupplyNetSolutionsOnLine.com), is a leading supply chain solutions provider of remote inventory monitoring services. SupplyNet solutions are easily installed and are predominantly battery operated and cellular – eliminating end user infrastructure dependencies. SupplyNet solutions are used by suppliers of bulk materials such as Cargill and BASF to extend vendor managed inventory (VMI) services to their customers. SupplyNet was just awarded the M2M gold Value Chain Award as an enabler for Siemens Water Technologies. The award recognizes the most highly successful commercial applications of machine-to-machine (M2M) technology, and the solution providers that made their success possible. About Redwood Capital Redwood Capital Group is an investment banking firm serving the technology, communications and media industries. The firm focuses on mergers & acquisitions, corporate finance advisory and private equity. Additional information can be found at www.redcapgroup.com. Public Relations |
Redwood’s CEO Op-Ed: 2010 – The Year of the Entrepreneur
What can we look forward to after the worst U.S. economic and financial crisis in decades, possibly since the Great Depression? As crazy as it sounds at first, I believe 2010 will be the year of the entrepreneur.
Which Way M&A? Consolidation, Low-Cost Acquisitions May Lie Ahead...
What happens to the fragile digital music space in 2010? The tail end of 2009 witnessed some distressed buyouts, and a number of companies are currently rattling the exit door. According to a recent projection by Redwood Capital Group, a number of low-earning startups could be interesting to larger, more traditional media companies, mostly because of their audiences.
To navigate Greenwich's budget gap, look to proven solutions - By Gregory Bedrosian
In a scene that's being repeated in city halls and state houses across the country, the leadership of Greenwich is doing the hard work of re-crafting the town budget in the face of an extraordinary projected budget shortfall of $31 million. We are part of a great national debate on how to navigate a historic financial and economic crisis. |
