Numerex

Numerex Corp. (formerly NASDAQ:NMRX) – a wholly owned subsidiary of Sierra Wireless NASDAQ:(SWIR)[1][2][3][4] – is a provider of managed machine-to-machine (M2M)[5] enterprise solutions enabling the Internet of Things (IoT).[6][7][8][9]

History

Numerex was founded in 1992[10] and was first publicly traded in March 1994.[11] On September 1, 2015 Marc Zionts was appointed as CEO and President of this company.[12]

In May 1998, Cellemetrry LLC was formed between Numerex Corp., BellSouth Corporation and BellSouth Wireless,[13] This was a joint venture between Numerex and Cingular. In November 1999, Numerex sold the wireline business to British Telecommunications PLC (“BT”).[14] On March 28, 2003, Numerex acquired Cingular's interest in Cellemetry LLC.[15]

During this period, Numerex developed a Short Message Service Center (SMSC)-operated service bureau,[16] “Data1Source”, providing SMS-related services to tier 2 and 3 carriers throughout the US. While Data1Source was later sold.[17]

At the beginning of 2006, Numerex acquired the assets of Airdesk, Inc.[18]

In 2007, Numerex acquired the assets of Orbit One Communications, Inc..[19]

In October 2008, Numerex acquired Ublip.[20]

In February 2013, Numerex acquired AVIDwireless™.[21] In December 2013, Numerex acquired i3G under the i-Tank™ brand.[22]

In April 2014, Numerex acquired Omnilink Systems.[23]

In September 2015, Numerex announced their recent implementation of the mySHIELD solution, connected by Verizon. The company also announced the “LTE for the IoT” program with T-Mobile.[24]

In December, 2017, Numerex was acquired by Sierra Wireless, Inc. -- a prominent provider of comparable services, in a deal estimated at US$107 million, becoming a wholly owned subsidiary of Sierra.[1][2][3][4]

Recognition

In 2014 and 2015, Numerex has been awarded Best Overall Platform platform by IoT Evolution,[25][26] as well as Best Security Platform by Compass Intelligence.[27][28]

In 2015, company was recognized by the Technology Association of Georgia as a Top 40 Innovative Technology Company.[29][30]

References
  1. "Sierra Wireless (SWIR) to Acquire Numerex Corp. (NMRX) in $107M Deal," August 2, 2017, Street Insider, retrieved 2018-10-17
  2. "Numerex Corp_ Announces Shareholder Approval of Merger Agreement," December 06, 2017, Globe Newswire, retrieved 2018-10-17
  3. Symington, Steve (investor in Sierra Wireless) "Why Sierra Wireless, Inc. Stock Fell 11.8% in December," December 30, 2017, The Motley Fool, retrieved 2018-10-17
  4. press release: "Sierra Wireless, Inc. Completes Acquisition of Numerex Corp," December 07, 2017, Sierra Wireless, Inc., (also article at Yahoo Finance Business Wire retrieved 2018-10-17
  5. "AT&T builds on Internet of Things offerings with cloud-based data store". Computerworld. Retrieved 22 October 2015.
  6. "Numerex strengthens executive team with CMO, CRO positions". Telecompaper.com. Retrieved 22 October 2015.
  7. "iManage solution announced". Marietta Daily Journal. Retrieved 22 October 2015.
  8. "IoT upgrade program announced". Marietta Daily Journal. Retrieved 22 October 2015.
  9. "nxFAST™ Delivers Asset Management Solution for the Solid Waste Market". SupplyChainBrain.com. Retrieved 22 October 2015.
  10. "Numerex and Omnilink come together to form a complete M2M value chain". M2M Now. Retrieved 22 October 2015.
  11. "Inside Numerex - Machine-to-Machine solutions drive Cobb company's profits". Marietta Daily Journal. Retrieved 22 October 2015.
  12. "Numerex Corp (NMRX) Names Marc Zionts as Chief Executive Officer". StreetInsider.com. Retrieved 22 October 2015.
  13. "NumereX puts its spin on wireless technology". Bizjournals.com. Retrieved 22 October 2015.
  14. "Numerex Corp. Sees Alarm Protection As A Safe Bet In An Increasingly Security-conscious World, A Media Company Sees A Huge Sales Opportunity". Philadelphia Media Network. Retrieved 22 October 2015.
  15. "Numerex buys Cingular's Cellemetry shares". Bizjournals.com. Retrieved 22 October 2015.
  16. "NUMEREX SELECTS CMG WIRELESS DATA SOLUTIONS TO EXPAND SMS SERVICE OFFERING IN NORTH AMERICAN MARKET". Mobic.com. Retrieved 22 October 2015.
  17. "Numerex sells messaging division to Wireless Services Corp". RCR Wireless News. Retrieved 22 October 2015.
  18. "M2M news: Numerex picks up Airdesk". RCR Wireless News. Retrieved 22 October 2015.
  19. "Numerex Acquires Orbit One Communications". Satellite Today. Retrieved 22 October 2015.
  20. "Ublip goes to Numerex for M2M". RCR Wireless News. Retrieved 22 October 2015.
  21. "Numerex acquires AVIDwireless". Telecompaper.com. Retrieved 22 October 2015.
  22. "Numerex provides new remote-monitoring tools to i3G". TelecomEngine.com. Retrieved 22 October 2015.
  23. "Numerex acquires Omnilink Systems for $37.5M". The Atlanta Journal-Constitution. Retrieved 22 October 2015.
  24. "Numerex works with T-Mobile US to facilitate 2G to LTE migration". Telecom Tech News. Retrieved 22 October 2015.
  25. "And the Winner Is … Numerex Nabs Prestigious IoT Evolution 'Battle of the Platforms' Award". TheNextMob.com. Retrieved 22 October 2015.
  26. "Numerex Receives The Prestigious 2015 IoT Evolution "Battle Of The Platforms" Award". TheStreet.com. Retrieved 22 October 2015.
  27. "Compass In The News". Compassintelligence.com. Retrieved 22 October 2015.
  28. "Compass Intelligence lauds Numerex". Marietta Daily Journal. Retrieved 22 October 2015.
  29. "Technology Association of Georgia's Top 40 for 2015". Bizjournals.com. Retrieved 22 October 2015.
  30. "TAG Names Top 40 Innovative Technology Companies in Georgia". Technology Association of Georgia. Retrieved 22 October 2015.
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