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
Get stories like this delivered straight to your inbox. [Free eNews Subscription]

IoTevolutionworld Contributor

SHARE THIS ARTICLE
Related Articles

Beyond the Closet, Connecting to IoT

By: Gary Audin    11/11/2020

Two challenges arise when considering cable based IoT.

Read More

Banyan Security Enhances Secure Remote Access for Engineering Resources

By: Ken Briodagh    10/27/2020

Banyan's Continuous Authorization Can Grant or Revoke Access to Sensitive Engineering Environments and Applications in Real-time Based on TrustScore

Read More

Senet Eyes RAN Partnerships as Key to Delivering Network Services for Massive IoT

By: Arti Loftus    10/21/2020

To meet the challenges that come with providing network connectivity for IoT solutions, Senet is executing a strategy for massive IoT that will be bui…

Read More

mimik Selected by 5G Open Innovation Lab to Drive Early Adoption of 5G

By: Ken Briodagh    10/15/2020

mimik's patented Hybrid Edge Cloud platform will boost the performance and reduce the cost of 5G Networks

Read More

5G Sets New Standards for Vertical Industries' IoT Connectivity

By: Special Guest    10/13/2020

As 5G rolls out across the world, vertical industries across IoT are working on additional standards to make the technology suitable for their industr…

Read More