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TCS to buy Networks in Motion for $170M

Tracy Ford
By Tracy Ford
Wireless

TeleCommunications Systems Inc. said it will buy Network In Motions Inc. for an aggregate $170 million of cash, stock and promissory notes. The acquisition, set to close in December, will position TCS as a leader in location-based services.
TCS has made its name in enhanced 911 services, and also is a leader in text-messaging and LBS solutions. Networks In Motion, for its part, provides white-labeled LBS solutions for Verizon Wireless.
“Location-based services are experiencing substantial growth and we believe that this is the right time to invest to strengthen our participation in this space,” said Maurice B. Tos

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ABOUT AUTHOR

Tracy Ford
Tracy Ford
Former Associate Publisher and Executive Editor, RCR Wireless NewsCurrently HetNet Forum Director703-535-7459 [email protected] Ford has spent more than two decades covering the rapidly changing wireless industry, tracking its changes as it grew from a voice-centric marketplace to the dynamic data-intensive industry it is today. She started her technology journalism career at RCR Wireless News, and has held a number of titles there, including associate publisher and executive editor. She is a winner of the American Society of Business Publication Editors Silver Award, for both trade show and government coverage. A graduate of the Minnesota State University-Moorhead, Ford holds a B.S. degree in Mass Communications with an emphasis on public relations.

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