Tag Archives: Marc Eisenberg

Business, Finance, Occupation & Industry

ORBCOMM Completes Acquisition of Both GlobalTrak and MobileNet

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By Business Wirevia The Motley Fool

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ORBCOMM Completes Acquisition of Both GlobalTrak and MobileNet


Combined businesses add new technology, sales channels and access to end-to-end solutions in key vertical markets

ROCHELLE PARK, N.J.–(BUSINESS WIRE)– ORBCOMM Inc. (NAS: ORBC) , a global satellite data communications company specializing in the Machine-to-Machine (M2M) marketplace, today announced that it has completed the acquisition of substantially all of the assets of the GlobalTrak division of System Planning Corporation (GlobalTrak) and MobileNet, Inc. (MobileNet). The GlobalTrak and MobileNet acquisitions accelerate ORBCOMM‘s growth strategy of expanding its end-to-end solutions portfolio into key vertical markets and geographic regions.

GlobalTrak is an information services company that utilizes networks, sensors and proprietary software platforms to provide near-real-time situational awareness and intelligence to improve logistics and security processes and operations on a global basis. GlobalTrak gives ORBCOMM access to a customer base that includes military, international, government, and commercial customers as well as expanded reach in growing regions, such as the Middle East, Asia and South America. Combining GlobalTrak’s advanced products including container and vehicle technology with ORBCOMM‘s existing capabilities will create a suite of transportation-related product offerings across the expanded global distribution network.

A long-time ORBCOMM value-added reseller, MobileNet is a provider of telematics solutions to the heavy equipment and rail support industries. The acquisition enables ORBCOMM to offer MobileNet’s complete fleet management solution directly to Original Equipment Manufacturers, dealers and fleet owners. Leveraging MobileNet’s turn-key telematics platform will further enhance ORBCOMM‘s leadership position in services to the global heavy equipment sector by providing customers significant operating advantages as well as savings in development costs and faster time to market for implementing solutions in the field.

“The completion of the GlobalTrak and MobileNet acquisitions is a significant step forward in building our diverse portfolio of end-to-end solutions and enables ORBCOMM to execute on our long-term vision of expanding our integrated M2M services into new industrial and geographic markets,” said Marc Eisenberg, ORBCOMM‘s Chief Executive Officer. “Our combined strengths will allow us to broaden our product and service capabilities and leverage synergies across common distribution channels, while providing value-driven, high-performance solutions to our customers.”

About ORBCOMM Inc.

ORBCOMM is a leading global satellite data communications company, specializing in Machine-to- Machine (M2M) …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

ORBCOMM and Kobelco Construction Machinery Deliver Global Telematics Solution

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By Business Wirevia The Motley Fool

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ORBCOMM and Kobelco Construction Machinery Deliver Global Telematics Solution


Adds new market leader in heavy equipment industry to customer portfolio

ROCHELLE PARK, N.J.–(BUSINESS WIRE)– ORBCOMM Inc. (NAS: ORBC) , a global satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications and solutions, today announced that it is working with Kobelco Construction Machinery Co. Ltd. (KCM) on a global telematics application.

KCM, which is Japan‘s second largest manufacturer of hydraulic excavators, will use ORBCOMM‘s global satellite communications network to track and monitor the location, status and performance of their construction equipment. KCM‘s powerful on-board system will enable their customers to gain significant operating advantages and cost savings through enhanced visibility and better asset management of their machinery.

“KCM‘s agreement with ORBCOMM further demonstrates our market leadership as the top choice for wireless M2M network service among the largest global manufacturers in the heavy equipment industry,” said Marc Eisenberg, ORBCOMM‘s Chief Executive Officer. “With the growing importance of cost-effective, reliable connectivity in powering M2M applications, ORBCOMM will play a pivotal role in the successful implementation of KCM‘s high-performance asset monitoring solution in key international markets.”

About ORBCOMM Inc.

ORBCOMM is a leading global satellite data communications company specializing in Machine-to-Machine (M2M) communications and solutions. Its customers include Caterpillar Inc., Doosan Infracore America, Hitachi Construction Machinery, Hyundai Heavy Industries, Asset Intelligence (a division of I.D. Systems, Inc.), Komatsu Ltd., Manitowoc Crane Companies, Inc., and Volvo Construction Equipment among other industry leaders. By means of a global network of low-earth orbit (LEO) satellites and accompanying ground infrastructure, ORBCOMM‘s low-cost and reliable two-way data communication services track, monitor and control mobile and fixed assets in our core markets: commercial transportation; heavy equipment; industrial fixed assets; marine; and homeland security. ORBCOMM based products are installed on trucks, containers, marine vessels, locomotives, backhoes, pipelines, oil wells, utility meters, storage tanks and other assets. ORBCOMM is an innovator and leading provider of tracking, monitoring and control services for the refrigerated transport market. Under its ReeferTrak®, GenTrak TM, and CargoWatchTM brands, the company provides customers with the ability to proactively monitor, manage and remotely control their refrigerated transport assets. Additionally, ORBCOMM provides Automated Identification System (AIS) data services for vessel tracking and to improve maritime safety to …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

ORBCOMM To Acquire MobileNet, Inc.

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By Business Wirevia The Motley Fool

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ORBCOMM To Acquire MobileNet, Inc.


Expands ORBCOMM’s end-to-end solutions offering and further solidifies leadership in the global heavy equipment marketplace

ROCHELLE PARK, N.J.–(BUSINESS WIRE)– ORBCOMM Inc. (NAS: ORBC) , a global satellite data communications company specializing in Machine-to-Machine (M2M) communications and solutions, today announced that it has entered into an agreement to acquire substantially all of the assets of MobileNet, Inc. (MobileNet), a leader of satellite and cellular-based telematics solutions for monitoring heavy equipment and assets that support the rail industry as well as being a long-time ORBCOMM value-added reseller.

The acquisition of the MobileNet business supports ORBCOMM‘s growth strategy of expanding its end-to-end solutions portfolio in key vertical markets. Integrating MobileNet’s unique products and services will allow ORBCOMM to directly address opportunities within the heavy equipment industry through Original Equipment Manufacturers (OEM’s), dealers and fleet owners.

Through MobileNet’s flexible, proven telematics platform, ORBCOMM can offer the industry a complete fleet management solution. MobileNet’s advanced web applications, which utilize ORBCOMM‘s global network connectivity, will provide customers access to precise, near-real time equipment data on demand, including location, engine and production hours, mileage, fuel usage, maintenance alerts and asset security. Leveraging MobileNet’s turnkey offering will further enhance ORBCOMM‘s leadership position in services to the global heavy equipment sector by providing customers significant operating advantages as well as savings in development costs and faster time to market for implementing telematics solutions in the field.

“With MobileNet’s strong customer base and proven success as a solutions provider in this market, we believe the MobileNet product offering fits perfectly within our strategic initiative of strengthening our end-to-end solutions capabilities in key areas,” said Marc Eisenberg, ORBCOMM‘s Chief Executive Officer. “We have worked with the MobileNet team for many years and look forward to having them join ORBCOMM.”

“Building on MobileNet’s advanced technology platform and ORBCOMM‘s extensive global reach, we welcome the dynamic opportunities for growth, innovation and expansion the acquisition offers MobileNet and our customers,” said William Purdie, MobileNet’s Founder and President. “We strongly believe that our customers will continue to benefit from MobileNet’s high level of service and reliability while gaining new value from ORBCOMM‘s breadth of global data communications services, engineering and customer support and enhanced distribution channels.”

MobileNet’s current customers include …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

ORBCOMM to Acquire GlobalTrak

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By Business Wirevia The Motley Fool

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ORBCOMM to Acquire GlobalTrak


Expands end-to-end solutions offering for mobile asset applications, distribution into government sector and new geographic regions

ROCHELLE PARK, N.J.–(BUSINESS WIRE)– ORBCOMM Inc. (NAS: ORBC) , a global satellite data communications company specializing in Machine-to-Machine (M2M) communications and solutions, today announced that it has entered into an agreement with System Planning Corporation to acquire substantially all of the assets of its GlobalTrak division. GlobalTrak is an information services company that utilizes satellite and cellular communications networks, sensors and proprietary software platforms to provide real-time situational awareness and intelligence to improve logistics and security processes and operations on a global basis. GlobalTrak’s customer base includes military, international, government, and commercial customers.

The acquisition of the GlobalTrak business supports ORBCOMM‘s growth strategy of expanding its end-to-end solutions portfolio into key vertical markets and new geographic regions. GlobalTrak sells into key markets such as the government sector and operates in the Middle East, Asia and South America. Combining GlobalTrak technology with ORBCOMM‘s existing capabilities will create a suite of transportation related product offerings across the expanded global distribution network.

“The addition of GlobalTrak’s advanced asset monitoring solution and its top-tier customer base adds to ORBCOMM‘s diverse technologies and expertise serving the transportation market” said Marc Eisenberg, ORBCOMM‘s Chief Executive Officer. “It is an important next step in the evolution of ORBCOMM‘s business as an end-to-end solutions provider, and brings with it significant differentiated technology solutions, such as container tracking, as well as new and important distribution channels. We look forward to welcoming GlobalTrak’s customers and employees to ORBCOMM during this exciting time in our company’s history.”

“Joining with ORBCOMM positions GlobalTrak for long-term growth and creates a leading force in telematics through a powerful combination of innovation, technology and worldwide coverage,” said Richard Meyers, President and Chief Executive Officer of GlobalTrak. “GlobalTrak’s customers will benefit from ORBCOMM‘s proven experience in mobile data communications and leading-edge transportation industry solutions.”

The transaction is expected to close in the second quarter of 2013, subject to customary closing conditions. ORBCOMM expects to realize benefits and synergies from the combined businesses in service delivery, device manufacturing and other operating costs. GlobalTrak will operate out of ORBCOMM‘s Dulles, VA facility.

About ORBCOMM Inc.
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Source: FULL ARTICLE at DailyFinance