[Satnews] Yesterday's news about ORBCOMM acquiring the assets of WAM Technologies was made possible with the help of a few friends...
Near Earth LLC announced today that its client ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, has acquired the assets of WAM Technologies, LLC (WAM), an affiliate of Mark-It Services, Inc. Based in Skillman, NJ. WAM is a leading provider by market share of remote wireless management and control solutions for ocean transport refrigerated containers and related intermodal equipment on a global basis.
John Stone, Director of Near Earth's Machine to Machine (M2M) sector practice, remarked "This transaction marks our seventh successful engagement serving leading M2M companies and their investors, and our third with ORBCOMM. This record of execution highlights our commitment to this growing and rapidly evolving industry."
Near Earth LLC was the exclusive financial and strategic advisor to ORBCOMM Inc. for this transaction.