TeleCommunication Systems Inc. announced it bought the enterprise mobility division of Aether Systems Inc. for $19 million, a move TCS said will boost its data offerings and further serves to highlight the difficulties in the wireless enterprise market.
The deal is a relative steal for TCS, as Aether’s enterprise mobility division generated $40 million in revenues in the last nine months.
TCS said it now expects to generate total annual revenues of $150 million to $170 million thanks in part to the deal. Under the agreement, TCS will acquire all of Aether’s Enterprise Mobility Solutions division, including 1,200 enterprise customers, 60,000 wireless data users and 112 employees. TCS also gains Aether’s Fusion software platform and enterprise applications from wireless e-mail to vehicle logistics. TCS, which offers carrier software and infrastructure products as well as various governmental services, said it will apply its wireless messaging and location-based technology and its wireless carrier relationships to solidify and expand Aether’s enterprise solutions.
“It has always been TCS’ vision to bridge the carrier-enterprise divide through integrated wireless data offerings,” said Maurice Tos
