Synergistic acquisition will strengthen ADLINK's Application-Ready Intelligent Platform (ARIP) business, software and systems capabilities and Industrial Internet of Things market reach
San Jose, CA – December 14, 2015 –ADLINK Technology, Inc., a leading global provider of cloud-based services, intelligent gateways, and embedded building blocks for edge devices that enable the Internet of Things (IoT), announces an agreement with PrismTech Ltd. concerning the 100% share acquisition of PrismTech Ltd. by ADLINK Technology based on the resolution of the board meeting held on December14, 2105. The acquisition is expected to be completed shortly.
Established in 1992 and located in Newcastle, United Kingdom,PrismTechhas about70 employees witha 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 (IIoT) market place. The synergy of hardware and software allows creation of integrated edge platforms and solutions for allvertical markets ensuring accelerated time to market.
"Adding horizontal IoTstack 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,” said 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 PrismTechwith 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,”said Dirk Finstel, eVP of Modular Computing Segment of ADLINK. “To become a leader in industrial IoT in the verticals, we strive 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.”
For more information about the two companies, please visit http://www.prismtech.com and http://www.adlinktech.com.
About PrismTech
PrismTech's customers deliver systems for the Internet of Things, the Industrial Internet and advanced wireless communications. PrismTech supplies the software platforms, tools and professional services they need to build solutions with the required: platform coverage, performance, scalability, efficiency, flexibility and robustness. PrismTech's customers service many market sectors, including: industry, energy, healthcare, transportation, finance, aerospace and defense.
About ADLINK
ADLINK Technology is enabling the Internet of Things (IoT) with innovative embedded computing solutions for edge devices, intelligent gateways and cloud services. ADLINK’s products are application-ready for industrial automation, communications, medical, defense, transportation, and infotainment industries. Our product range includes motherboards, blades, chassis, modules, and systems based on industry standard form factors, as well as an extensive line of test & measurement products and Smart Touch Computers, displays and handhelds that support the global transition to always connected systems. Many products are Extreme Rugged™, supporting extended temperature ranges, shock and vibration.
ADLINK is a Premier Member of the Intel® Internet of Things Solutions Alliance and is active in several standards organizations, including PCI Industrial Computer Manufacturers Group (PICMG), PXI Systems Alliance (PXISA), and Standardization Group for Embedded Technologies (SGeT).
ADLINK is a global company with headquarters in Taiwan and manufacturing in Taiwan and China; 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 and is publicly traded on the TAIEX Taiwan Stock Exchange (stock code: 6166).
Contact:
Monica Lanctot
N. American Marketing Department
ADLINK Technology, Inc.
Phone: +1 408 360 4337
Email: monica.lanctot@adlinktech.com
