Novatel Wireless - 500 Beiträge pro Seite

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...kauft Digicore -einen südafrikanischen Telematik-Dienstleister-:


September 2, 2015
Shareholders Approve Acquisition of DigiCore Holdings by Novatel Wireless, Inc.

SAN DIEGO, Sept. 2, 2015 (GLOBE NEWSWIRE) -- Novatel Wireless (NASDAQ:MIFI) (the "Company"), a leading provider of solutions for the Internet of Things (IoT) and inventor of MiFi® technology, today announced that the Company's shareholders have approved the use of funds for its acquisition of DigiCore Holdings Limited (JSEGC), a leading provider of advanced fleet, usage based insurance, SaaS, and IoT solutions. The Company was also informed today that the shareholders of DigiCore have approved the acquisition. The transaction is expected to close in October 2015, subject to governmental and regulatory approvals and the satisfaction of customary closing conditions.

"These votes show our shareholders understand that the combination of Novatel Wireless and DigiCore will be uniquely positioned to compete more effectively and profitably in the global IoT marketplace," says Alex Mashinsky, CEO Novatel Wireless. "We look forward to the new opportunities of our collective business and to merging existing capabilities that will create a foundation for developing and marketing comprehensive solutions for the commercial telematics industry."

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Thread: Digicore Holdings

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Antwort auf Beitrag Nr.: 50.767.263 von R-BgO am 03.10.15 13:03:58

Novatel Wireless and DigiCore to Combine and Create a Global Full-Stack Telematics Leader

June 18, 2015

DigiCore Acquisition Accelerates Corporate Vision to Deliver Leading End-to-End Solutions, Services and Support to This High-Growth Vertical Segment of the Internet of Things

Acquisition Will Add 325,000 Ctrack Subscribers to a Growing SaaS Base

Combined Companies Will Significantly Increase Novatel Wireless' Global Footprint, With DigiCore Presence in 54 Countries Spanning Six Continents

DigiCore Expected to Contribute Substantial Revenue and EBITDA to Novatel Wireless Immediately Upon Anticipated Closing in the Fourth Quarter of 2015


SAN DIEGO and JOHANNESBURG, South Africa, June 18, 2015 (GLOBE NEWSWIRE)

-- Novatel Wireless (Nasdaq:MIFI) (the "Company"), a leading provider of solutions for the Internet of Things (IoT) and inventor of MiFi® technology, today announced it has signed a definitive agreement to acquire 100% of the issued share capital of DigiCore Holdings Limited (JSEGC), a leading provider of advanced machine-to-machine (M2M) communication and telematics solutions, for 4.40 South African Rand per share, for an aggregate purchase price of approximately USD $87 million based on current exchange rates. Irrevocable undertakings have been signed by holders of 58% of DigiCore's outstanding shares to vote in favor of the transaction.

Novatel Wireless has worked closely with DigiCore since 2013 to jointly commercialize a comprehensive end-to-end global service Software-as-a-Service (SaaS) platform. The acquisition will unify Novatel Wireless' best-in-class hardware with Ctrack™, a best-in-class global telematics SaaS offering for the Fleet Management, User-Based Insurance, and Asset Tracking and Monitoring markets. This, combined with the professional services offered by Novatel Wireless' recently acquired Feeney Wireless (FW), delivers the market's first full-stack solution for the global transportation industry.

"This combination is the result of a long-standing partnership between the two companies," said Alex Mashinsky, CEO of Novatel Wireless. "As a result of this relationship, we've already gone through an arduous process of integrating Novatel Wireless hardware into DigiCore's SaaS platform to create the industry's most complete IoT stack. These efforts are now bearing fruit as our successful joint venture has validated that the market demands a true end-to-end solution comprised of a comprehensive hardware portfolio, platform and cloud services, and integration and support."

"This acquisition will allow Novatel Wireless to continue to accelerate towards the number one position in the Internet of Things through organic growth, strategic acquisitions, and increasing quarterly SaaS activations," Mashinsky continued. "None of our competitors can match the combination of hardware expertise that Novatel Wireless has accumulated and the platform depth and analytics capabilities that DigiCore has developed on a global scale."

As a result of the acquisition, it is anticipated that approximately 980 DigiCore employees globally will join Novatel Wireless.

Becoming a Global Telematics Leader

The combined company will be uniquely positioned to create a foundation for developing and marketing comprehensive solutions for the commercial telematics industry. The collective vision is to simplify the delivery of telematics solutions from device deployment to big data collection, analytics, and reporting.

Specifically, the combination of DigiCore with Novatel Wireless and FW is expected to create value in several ways:

Leverages DigiCore, FW, and Novatel Wireless to provide turnkey global solutions. The combination is expected to quickly push Novatel Wireless into a leading position with over 5000 estimated global corporate customers. Together, DigiCore's Ctrack offering, FW's professional services and Novatel Wireless's hardware devices deliver best in class solutions in 54 countries across North and South America, Africa, Asia-Pacific and Europe.

Aligns with strategy to increase mix of higher margin commercial business. The transaction is expected to shift Novatel Wireless' revenue base considerably. During its 2014 fiscal year, DigiCore's gross margin exceeded 65% and recurring revenues accounted for greater than 65% of total revenues, as reported by DigiCore pursuant to International Financial Reporting Standards (IFRS).

Builds on the vision to add recurring revenue via a growing subscriber base. With DigiCore's proven platform, an estimated 325,000 telematics-focused subscribers are expected to be added to the Company's base of SaaS subscribers that were acquired from FW.

Combination builds on execution of corporate vision to be the leading provider of simplified Internet of Things solutions. With the completion of this acquisition, the Company expects to continue to diversify its business model with hardware, SaaS, managed services, airtime, and professional services across verticals in Telemetry, Control and Automation, and now Telematics with DigiCore.

Highly complementary portfolios and geographies. The combination is expected to enable the companies to further develop new markets in Latin America and Asia-Pacific. Together they intend to provide the best of mobile broadband, telematics hardware, cloud services, managed services, analytics as well as airtime and logistics.

Each company's Board of Directors has approved the proposed transaction, which is expected to close later this year. The transaction is subject to approval by the shareholders of DigiCore, receipt of regulatory approvals, and other customary closing conditions. In addition, the stockholders of Novatel Wireless will be asked to approve the use of proceeds from its recent offering to fund the acquisition.

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seit heute mit Testposi dabei

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http://seekingalpha.com/article/3557786-its-time-to-generous…

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Antwort auf Beitrag Nr.: 50.777.349 von R-BgO am 05.10.15 14:34:48

Closing war am selben Tag

DigiCore is now part of Novatel Wireless.
October 5, 2015

Novatel Wireless is pleased to share our excitement about the combination of DigiCore and Novatel Wireless! It brings together two strong and well-matched businesses that empowers us to take advantage of opportunities in the highly attractive, large and growing telematics market. The combined companies create a leading global telematics business offering that includes ones of the broadest and most diverse portfolios in the industry.

DigiCore’s Ctrack SaaS platform and solutions portoflio complements our own and rounds out our full stack solution for the Internet of Things on a global scale. Both businesses will benefit from a combined world-class manufacturing capability and capacity, in addition to world-class R&D facilities, distribution, and products and integration services.

Today, we will begin the integration of DigiCore and Novatel Wireless operations and we welcome DigiCore colleagues to the Novatel Wireless family. Together, we remain committed to advancing the Internet of Things through innovations and full-stack solutions that remove complexities for our customers and partners in order to increase efficiencies and maximize shareholder value for all.

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Novatel Wireless Delivers Innovative Ctrack Telematics Solution for KLM

December 17, 2015

Recently Deployed Solution Manages KLM's Fleet, Employees, and Assets

SAN DIEGO, Dec. 17, 2015 (GLOBE NEWSWIRE) -- The Ctrack telematics solution from Novatel Wireless, Inc. (NASDAQ:MIFI) was selected by KLM Equipment Services, a subsidiary of KLM Royal Dutch Airlines, to increase the efficiency of their operations and productivity of their employees and assets, while enabling KLM to monitor and manage its fleet of specialist vehicles and equipment.

The solution includes a unique SaaS platform developed for KLM that facilitates multiple departments, and other supplier companies operating at the Amsterdam Schipol Airport, to monitor and manage access for airport staff cardholders to KLM equipment.

"Within two months, we developed an innovative and unique platform that KLM can use to enhance the flexibility and productivity of their fleet and assets," said Sue Swenson, CEO of Novatel Wireless. "We are proud of the industry-leading solutions we are delivering that enable our customers to achieve operational efficiencies and reduce costs. As a result of the program's proven ROI, KLM is examining an expansion of the Ctrack solution."

The Amsterdam Schiphol Airport ranks as the world's fifth busiest airport by international passenger traffic, according to the Airport's Council International.

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Novatel Wireless to Sell Telematics Hardware Business to Micronet Enertec Technologies

February 18, 2016

Sale of Telematics Hardware Business Accelerates Corporate Focus on IoT SaaS and Solutions


SAN DIEGO, Feb. 18, 2016 (GLOBE NEWSWIRE) -- Novatel Wireless (Nasdaq:MIFI) (the "Company"), a leading provider of solutions for the Internet of Things (IoT), including software-as-a-service (SaaS), today announced it has signed a definitive asset purchase agreement to sell its telematics hardware business to Micronet Enertec Technologies, Inc., (NASDAQ:MICT), for a total purchase price of $24 million.

Novatel Wireless will receive $12 million in cash upon the closing of the transaction and will receive two payments of $6 million on each of the first and second anniversaries of the date of completion of the transaction. In addition, Novatel Wireless and Micronet will enter into a manufacturing and supply agreement whereby Novatel Wireless will agree to purchase products from Micronet following the closing of the transaction.

"The disposition of the telematics hardware business will accelerate our Company's transformation from a hardware-centric manufacturer to a true provider of IoT SaaS and Solutions," said Sue Swenson, Chief Executive Officer of Novatel Wireless. "This transaction will help unlock the growth potential of our IoT SaaS and Solutions business with targeted attention and investment, while allowing us to also focus on our very profitable MiFi business."

Each company's Board of Directors has approved the proposed transaction, which is expected to close by the end of the first quarter 2016. The completion of the transaction is subject to a number of contingencies, including the parties entering into an acceptable manufacturing and supply agreement, Micronet obtaining the financing necessary to complete the transaction, certain employees of Novatel Wireless accepting employment with Micronet and other customary closing conditions.

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November 3, 2016
Novatel Wireless Announces Inseego Corp. as Name of New Holding Company
Inseego Corp. (Nasdaq: INSG) to begin trading on the NASDAQ November 9, 2016


SAN DIEGO--(BUSINESS WIRE)-- Novatel Wireless, Inc. (Nasdaq:MIFI), a leading global provider of solutions for the Internet of Things (IoT), including software-as-a-service (SaaS), today announced that it plans to reorganize its business by creating a new holding company structure in connection with an agreement to sell the Company's mobile broadband MiFi® business to T.C.L. Industries Holdings (H.K.) Limited ("TCL"). The new holding company will be Inseego Corp., a Delaware corporation. The directors, executive officers, and business operations of the Company and its subsidiaries will not change.

Inseego Corp. will replace Novatel Wireless, Inc. as the publicly held corporation, effective November 9, 2016. The shares of Inseego Corp. will trade on the NASDAQ Global Select Market under the ticker symbol "INSG" at the beginning of trading on November 9, 2016.

As a result of this event, the stockholders of Novatel Wireless, Inc. will become stockholders of the new holding company, Inseego Corp., on a one-for-one basis, automatically holding the same number of shares and same ownership percentage in Inseego Corp. as they held in Novatel Wireless, Inc. immediately prior to implementation.

"Our business achievements and consistently improving financial performance over the last twelve months have driven us to the threshold of completing our corporate transformation into a pure-play IoT services company," said Sue Swenson, future Chair and Chief Executive Officer of Inseego Corp. "This holding company structure will allow us to support, nurture and augment our combined companies as we continue to focus on growing and improving our IoT, SaaS and services business."

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Antwort auf Beitrag Nr.: 53.637.768 von R-BgO am 07.11.16 17:28:55

neue WKN ist: A2DGL3

werde einen neuen Thread anlegen, sobald w:o die Nummer kennt...

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Antwort auf Beitrag Nr.: 53.679.567 von R-BgO am 12.11.16 11:32:14

Thread: Inseego - vormals Novatel Wireless

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Antwort auf Beitrag Nr.: 53.679.567 von R-BgO am 12.11.16 11:32:14

Thread: Inseego - vormals Novatel Wireless