TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) has entered into a definitive merger agreement to acquire Networks In Motion, Inc., a privately held provider of wireless navigation solutions for GPS-enabled mobile phones headquartered in Aliso Viejo, California, for an aggregate of US$170 million. The merger consideration will be paid in a combination of cash, TCS common stock and promissory notes.

Networks In Motion's Board of Directors has unanimously adopted the merger agreement and recommended its approval by Networks In Motion's stockholders. The acquisition accelerates TCS' position in enabling mobile operators to offer enhanced location-based data services. The transaction is subject to the terms and conditions of the merger agreement, the approval of Network In Motion's stockholders, and customary regulatory clearance and other closing conditions. The transaction is expected to close in December 2009. Following the closing of the transaction, TCS will provide additional information about the transaction and will host an investor conference call.