The Company was founded in 1992. At the time, the Company focused on ‘derived channel’, a wireline-based telemetry data communications solution (‘telemetry’ is eventually subsumed by the ‘M2M’ acronym) and served select vertical markets that included alarm security and line monitoring.
Numerex was first publicly traded on the NASDAQ in March 1994 (NASDAQ: NMRX). In May 1998, Numerex Corp., BellSouth Corporation and BellSouth Wireless, which became Cingular in 2001 and AT&T in December 2006, completed a transaction whereby Cellemetry LLC, a joint venture between Numerex and Cingular, was formed. Cellemetry LLC provided a cost-effective, two-way wireless data communications network throughout the United States, Canada, Mexico, Colombia, Argentina, Paraguay, the Dutch Antilles, and Puerto Rico. In November 1999, we sold our wireline business to British Telecommunications PLC (“BT”) in order to focus on our nascent wireless data communications business. On March 28, 2003, we acquired Cingular’s interest in Cellemetry LLC.
During this period, we developed a Short Message Service Center (SMSC)-operated service bureau, “Data1Source”, providing SMS-related services to tier 2 and 3 carriers throughout the US. While Data1Source was subsequently sold, it helped advance our technical expertise in the digital GSM and CDMA realms and provided a solid bedrock on which to build our current network. In parallel, we expanded our technical platform to serve the mobile tracking and alarm monitoring markets.
At the beginning of 2006, the Company further enhanced its portfolio of wireless products and services through the acquisition of the assets of Airdesk, Inc. Airdesk’s wireless data solutions, network access, and technical support have been fully integrated into the Company’s operations.
In 2007, Numerex acquired the assets of Orbit One Communications, Inc., which provides satellite data products and services to government agencies and the emergency service market.
In October 2008, Numerex acquired Ublip, a privately-held M2M software, and services company headquartered in Dallas, Texas. With this acquisition, Numerex gained an infusion of technology and expertise, including middleware designed to simplify and jump-start application development and deployment.
In February 2013, Numerex acquired AVIDwireless™, a provider of innovative remote monitoring and control solutions for the oil and gas industry including environmental monitoring, wireless sensor networks, and connected device consulting. In December of the same year, Numerex acquired i3G, a purpose-built solution for regional oil and bulk liquid distribution optimization, combining state of the art sensor and communications technologies under the iTank™ brand.
Numerex acquired Omnilink ® Systems in April 2014, providing reliable and intuitive tracking and electronic monitoring solutions for offender monitoring, personal emergency response systems (PERs), and asset tracking markets.