PrismTech Announces Acquisition by ADLINK Technology, Inc.
Synergistic Acquisition will strengthen ADLINK's Application-Ready Intelligent Platform Business, its Software and Systems Capabilities and its Industrial Internet-of-Things Market Reach
Boston, MA, USA – December 14, 2015 – PrismTech™, a global leader in software platforms for distributed systems, today announced it will be acquired by ADLINK Technology, Inc. (TSEC: 6166), a leading provider of application-ready intelligent platforms.
Established in 1992, with offices in the United Kingdom, France, Netherlands, USA and Canada, PrismTech is a global leader in software platforms and tools for the Internet of Things (IoT), Industrial Internet and advanced wireless communications. PrismTech's international customers service many market sectors, including: industrial automation, smart cities, energy, transportation, healthcare, aerospace, defense, IT and networks.
PrismTech's Vortex intelligent data-connectivity platform provides efficient, secure and interoperable internet scale real-time data-sharing. Vortex is a key enabler for systems that have to reliably and securely deliver high volumes of real-time data with stringent end-to-end qualities-of-service. The recently announced Vortex 2.0 platform enables Internet-scale seamless and secure data-connectivity across embedded, web, mobile and enterprise systems, and provides best-in-class support for Fog and Cloud computing architectures.
PrismTech is a recognized leader in IoT platform technologies with recent accolades including Gartner 'Cool Vendor', Postscapes 'Must-Follow IoT Company', Sandhill 'Needle Mover', and IoT Nexus 'Power Player'.
ADLINK enables IoT with innovative embedded computing solutions for edge devices, intelligent gateways and cloud services. ADLINK's products are application-ready for industrial automation, communications, medical, and defense, transportation, and infotainment industries.
ADLINK's acquisition of PrismTech will allow it to further strengthen its ARIP business, its software and systems capabilities, and its industrial IoT (IIoT) market reach. After the acquisition PrismTech will operate as a semi-autonomous business unit. The financial terms of the deal were not disclosed.
"Adding horizontal IoT stack expertise to ADLINK's portfolio creates a unique opportunity to fully leverage the Vortex software and build competitive platforms for the IIoT - it can be expected for those to emerge later in 2016," stated Jim Liu, CEO of ADLINK. "Furthermore, the synergy of this acquisition will allow PrismTech to extend its reach and compete on a global basis with the current Vortex product and new developments. The complementary products of ADLINK and PrismTech with software and hardware provide all the building blocks for the next stage in IIoT development, addressing the issues of increasing complexity and mission critical operational and management data."
"This acquisition signals ADLINK's commitment to becoming one of the premier players in the IIoT application-ready intelligent platform market," added Lawrence Ross, CEO, PrismTech. "I'm convinced that the acquisition will prove to be very positive for our customers, employees and the future direction of our software products. We have built a robust IoT infrastructure and data-connectivity platform over the last few years in our award-winning Vortex product line and ADLINK and PrismTech share a vision of the future and potential of the IIoT market. In addition to providing us with new levels of market footprint, stability and R&D investment, we believe this acquisition will also result in new innovative combinations of our products that can propel us to become the number one vendor in the vertical markets we jointly serve."
Further information about PrismTech is available from its website at: http://www.prismtech.com.
Also see Questions and Answers for ADLINK Acquisition of PrismTech for further information.
PrismTech's customers deliver systems for the Internet of Things, the Industrial Internet and advanced wireless communications. PrismTech supplies the software platforms, tools and professional services they need to build solutions with the required: platform coverage, performance, scalability, efficiency, flexibility and robustness. PrismTech's customers service many market sectors, including: industry, energy, healthcare, transportation, finance, aerospace and defense. For additional information about PrismTech, visit the web site at http://www.prismtech.com.
ADLINK Technology is enabling the Internet of Things (IoT) with innovative embedded computing solutions for edge devices, intelligent gateways and cloud services. ADLINK's products are application-ready for industrial automation, communications, medical, and defense, transportation, and infotainment industries. Our product range includes motherboards, blades, chassis, modules, and systems based on industry standard form factors, as well as an extensive line of test & measurement products, smart touch computers, displays and handhelds that support the global transition to always connected systems. Many products are Extreme Rugged™, supporting extended operating temperature ranges, and MIL-STD levels of shock and vibration.
ADLINK is a Premier Member of the Intel® Internet of Things Solutions Alliance and is active in several standards organizations, including the PCI Industrial Computer Manufacturers Group (PICMG), the PXI Systems Alliance (PXISA), and the Standardization Group for Embedded Technologies (SGET).
ADLINK is a global company with headquarters in Taiwan; manufacturing in Taiwan and China; R&D and integration in Taiwan, China, the US, and Germany; and an extensive network of worldwide sales and support offices. ADLINK is ISO-9001, ISO-14001, ISO-13485 and TL9000 certified and is publicly traded on the TAIEX Taiwan Stock Exchange (stock code: 6166).
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Vortex and OpenSplice are trademarks of PrismTech. All other trademarks are the property of their respective owners.