Menu

M2M FEATURE NEWS

ODIN RFID Taken over by Quake Global

By Shankar Pandiath January 24, 2013

Quake Global, Inc. recently announced that it had acquired ODIN Technologies, Inc.

While ODIN Technologies is a global leader in RFID software, service and solution development for the government, healthcare and other industries, San Diego based QUAKE Global, designs and manufacture Machine to Machine (M2M) modems for remote asset tracking and monitoring through satellite, GPS, cellular and other technologies.

The deal was closed on December 31 2012, however, the terms of the purchase have not been released.  It was released that ODIN RFID will operate as a division of Quake Global and that the ODIN RFID brand will remain.

QUAKE’s chief executive officer, Polina Braunstein said that the acquisition of ODIN RFID is an important milestone for QUAKE’s goal of achieving the number one provider of innovative RF M2M technology hardware and services at all levels, within the next couple of years.

She added that the merger would be synergistic to both companies and hopes for an exciting future.

She was also certain of the proven experience that both companies had in their given areas and such a merger would only provide complementary expertise to both companies. Braunstein believed that the merger will position both QUAKE and ODIN to become major forces in the exploding M2M market.

ODIN RFID, which has invested more than $50 million into its solutions, had considered venture funding and also acquiring other companies to make a stronger push into the healthcare market. In the end, ODIN felt that a merger with Quake Global represented the best option for growth.

The ODIN RFID purchase allows Quake Global, a manufacturer of M2M communicators for multiple satellite and terrestrial networks, to expand its product line into RFID asset tracking. Quake Global’s proprietary solutions enable customers to track, monitor and control their assets across the globe. The company had lacked an RFID solution for asset tracking until this point.




Edited by Rich Steeves

IoTevolutionworld Contributor

SHARE THIS ARTICLE
Related Articles

Pegasystems and Accenture Join Forces to Improve Customer Engagement

By: Chrissie Cluney    8/16/2017

Are you a Communications Servicer Provider who's looking to assist your customers with the latest cloud-based solution?

Read More

Cambium Networks Launches Wireless Broadband Epmp Bridge-In-A-Box

By: Ken Briodagh    8/10/2017

Cambium solution provides 200 Mbps high-speed connectivity in the unlicensed spectrum that spans up to 10 miles.

Read More

Survey Highlights Short Range Wireless Deployment Challenges for IoT

By: Ken Briodagh    8/10/2017

In a recent B2B technology survey of 455 U.S.-based companies in nine vertical markets, ABI Research is announcing its finding that almost 70 percent …

Read More

Peregrine Semiconductor Announces New Engineering Product Marketing VPs

By: Ken Briodagh    8/8/2017

Keith Bargroff Promoted to Lead Peregrine's Global Team of Engineers and Sumit Tomar Hired to Spearhead Product Marketing at Peregrine

Read More

Smart Building: Ericsson Optimizes the Workplace with Senion Indoor Positioning

By: Ken Briodagh    8/2/2017

StepInside and Flowscape set out to help Ericsson's Sweden HQ team easily find available workspace and colleagues

Read More