Posted to News on 28th Dec 2015, 19:25
Adlink acquires PrismTech
Adlink Technology is announcing the agreement with PrismTech Ltd. concerning the 100 per cent share acquisition of PrismTech Ltd. by Adlink Technology based on the resolution of the board meeting held on 14 Dec 2015. The acquisition is expected to be completed shortly.
Established in 1992 and located in Newcastle, United Kingdom, PrismTech has about 70 employees with a very experienced software team, undertaking the development and implementation of Data Distribution Software (DDS) standards for the IoT. With this acquisition Adlink further strengthens their position for the fast-growing industrial Internet of Things market place. The synergy of hardware and software allows creation of integrated edge platforms and systems for all vertical markets ensuring accelerated time to market.
Jim Liu, CEO of Adlink states: "Adding horizontal IoT stack expertise to Adlink's portfolio creates a unique opportunity to fully leverage the Vortex software and build competitive platforms for the industrial IoT - it can be expected for those to emerge later in 2016. Furthermore, the synergy of this acquisition will allow PrismTech to extend their reach and compete on a global basis with the current Vortex product and new developments. The complementary products of Adlink and PrismTech with software and hardware provide all the building blocks for the next stage in IIoT development, addressing the issues of increasing complexity and mission critical operational and management data."
Dirk Finstel, eVP of Modular Computing Segment of Adlink, notes: "The Vortex software is a great addition to Adlink's SEMA and SEMA-cloud solutions; to become a leader in industrial IoT in the verticals we serve to provide the easiest to use IIoT platform solutions by enabling advanced edge-analytics and edge-management."
Lawrence Ross, CEO, PrismTech adds: "This acquisition signals Adlink's commitment to becoming one of the premier players in the IIoT application-ready intelligent platform market. I'm convinced that the acquisition will prove to be very positive for our customers, employees and the future direction of our software products. We have built a robust IoT infrastructure and data-connectivity platform over the last few years in our award-winning Vortex product line and Adlink and PrismTech share a vision of the future and potential of the IIoT market. In addition to providing us with new levels of market footprint, stability and R&D investment, we believe this acquisition will also result in new innovative combinations of our products that can propel us to become the number one vendor in the vertical markets we jointly serve."
For more information about Adlink and with PrismTech Ltd please go to www.adlinktech.com.
