Tel Aviv-based Attenti announced today its acquisition by 3M, most notably the makers of Post-Its, to the tune of $230 million in cash. Formerly Dmatek, Attenti is the world’s leading supplier of remote people-tracking technologies such as ankle bracelets, voice recognition devices and alcohol monitoring technologies.
The purchase, which will benefit 3M by providing the company with GPS and radio frequency technology, is the second in a line of security-related acquisitions this week; 3M bought fingerprint ID company Cogent Inc yesterday for $943 million.
Yoav Reisman, Attenti CEO on the sale:
“3M’s culture of innovation fits well with our own and its R&D capabilities and global reach will help accelerate the growth of our business.”Francisco Partners and the Israeli branch of Sequoia Capital jointly invested in Attenti in December of 2008, the sale represents a hefty exit for both.
Website: attentigroup.com Location: Tel-Aviv , Israel Acquired: August 31, 2010 by 3M for $230M in Cash Attenti, formerly Dmatek, is a leading global provider of remote people monitoring technologies. With an experienced staff possessing extensive knowledge and field experience, we have a record of developing innovative technology marked by high… Learn More
Website: 3m.com Location: St Paul, Minnesota, United States Founded: 1902 3M Company operates as a diversified technology company. The company operates in the industrial and transportation; health care; safety, security and protection services; consumer and office; display and graphics; and electro and communications… Learn More
Information provided by CrunchBase
Wow that is awesome. 3M is a Houston based company that has it going on. Business Remedy is a Houston IT Services company that knows Technology. Visit us on the web at http://BusinessRemedy.net or call 832-261-4113
No comments:
Post a Comment