Dec 15, 2015 ADLINK Technology, Inc. (TSEC: 6166) announces the agreement with PrimTech Ltd. concerning the 100% share acquisition of PrismTech Ltd. by ADLINK Technology based on the resolution of the board meeting held on Dec 14th, 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, pioneering the development and implementation of Data Distribution Software (DDS) standards for the IoT. With this acquisition ADLINK further strengthens their leading position for the fast growing industrial Internet of Things market place. The synergy of hardware and software allows creation of integrated edge platforms and solutions for all vertical markets ensuring accelerated time to market.
"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,” stated Jim Liu, CEO of ADLINK - “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.”
“The Vortex software is a great addition to ADLINK’s SEMA and SEMA-cloud solutions” - mentioned Dirk Finstel, eVP of Modular Computing Segment of ADLINK - “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.”
“This acquisition signals ADLINK’s commitment to becoming one of the premier players in the IIoT application-ready intelligent platform market,” added Lawrence Ross, CEO, PrismTech. “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.”
ADLINK Technology provides a wide range of embedded computing products and services to the test & measurement, automation & process control, gaming, communications, medical, network security, and transportation industries. ADLINK products include PCI Express-based data acquisition and I/O; vision and motion control; and AdvancedTCA, CompactPCI, and computer-on-modules (COMs) for industrial computing. With the acquisition of Ampro Computers, Inc. and LiPPERT Embedded Computers GmbH, ADLINK also provides a wide range of rugged by design Extreme Rugged™ and Rugged product lines including single board computers, COMs and systems.
ADLINK strives to minimize the total cost of ownership (TCO) of its customers by providing customization and system integration services, maintaining low manufacturing costs, and extending the lifecycle of its products. ADLINK is a global company with headquarters and manufacturing in Taiwan; R&D and integration in Taiwan, China, the US, and Germany; and an extensive network of worldwide sales and support offices.
ADLINK is ISO-9001, ISO-14001, ISO-13485 and TL9000 certified, is an Associate Member of the Intel® Intelligent System Alliance, an Executive Member of PICMG, a Sponsor Member of the PXI Systems Alliance, an Executive Member of the PC/104 Consortium, an initial member of SGeT (Standardization Group for Embedded Technologies), a Strategic Member of the AXIe Consortium, and a member of VMEbus International Trade Association (VITA). ADLINK is a publicly traded company listed on the TAIEX Taiwan Stock Exchange (stock code: 6166).
