VARINDIA IT MAGAZINE

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Telit Wireless Solutions has entered into an agreement to purchase Navman Wireless OEM Solutions for $3 million in cash. This latest Telit acquisition comes on the heels of its March 2011 acquisition of Motorola Solutions' M2M business and its July 2011 acquisition of Globalconect. Navman is expected to generate approximately $7.1 million of revenue and $0.2M of EBITDA in the year to December 31, 2011. The transaction will be completed on January 3, 2012. "The Navman acquisition provides Telit access to new GPS customers and products beyond the traditional M2M industry. Navman's reputation for delivering state-of-the-art GPS technology and the global reach of Telit's sales and marketing organization put us in a strong position of growth in the GPS sector. In addition, the acquisition strengthens our position as the premier product and consultative partner in the M2M industry by leveraging the synergies of both companies to...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE ObjectVideo has announced the completion of an original equipment manufacturer (OEM) partnership agreement with Ragile Corporation. Ragile is incorporating ObjectVideo OnBoard intelligent analytics software into the company's flagship product, the Ragile Vision Suite 3.0 (RVS). Widely deployed for many well-known end users in China, RVS is a very flexible and scalable video management system (VMS) platform which can support thousands of video feeds; the RVS integration that includes patented ObjectVideo technology is with the RVS Expert and RVS Maximum versions. Ragile has selected ObjectVideo as its sole analytics supplier. Raul Fernandez, CEO, ObjectVideo said, "We understand it's very important for Ragile's customers to be able to access video analytics from an environment with which they are already familiar. We're very happy that having Ragile as a key VMS partner will allow ObjectVideo technology to be more accessib...