TeleCommunications Systems Inc. said it will buy Network In Motions Inc. for an aggregate $170 million of cash, stock and promissory notes. The acquisition, set to close in December, will position TCS as a leader in location-based services.
TCS has made its name in enhanced 911 services, and also is a leader in text-messaging and LBS solutions. Networks In Motion, for its part, provides white-labeled LBS solutions for Verizon Wireless.
“Location-based services are experiencing substantial growth and we believe that this is the right time to invest to strengthen our participation in this space,” said Maurice B. Tos
TCS to buy Networks in Motion for $170M
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What infra upgrades are needed to handle AI energy spikes?
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants