ADLINK to Acquire PrismTech
Acquisition Enhances ADLINK's Footprint and Industrial IoT Capabilities
14 December 2015 – PrismTech, a leader in software platforms and tools for the Internet of Things (IoT), Industrial Internet and advanced wireless communications, today announced it will be acquired by ADLINK Technology, a leading provider of application-ready intelligent platforms.
PrismTech was founded in 1992 and has offices in the United Kingdom, France, Netherlands, USA and Canada. The company has customers in many market sectors, including: industrial automation, smart cities, energy, transportation, healthcare, aerospace, defence, IT and telecommunications.
PrismTech’s Vortex intelligent data-connectivity platform provides internet-scale, real-time data sharing and is ideal for systems that have to reliably and securely deliver high volumes of real-time data with stringent end-to-end qualities-of-service.
Acquiring PrismTech will enable ADLINK to strengthen 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 creates a unique opportunity to fully leverage the Vortex software and build competitive platforms for IIoT,” stated Jim Liu, CEO of ADLINK (above). “The complementary products of ADLINK and PrismTech provide all the building blocks for the next stage in IIoT development, addressing the issues of increasing complexity mission critical operations and data management.”
“This acquisition signals ADLINK’s commitment to becoming one of the premier players in the IIoT platform market,” said 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. ADLINK and PrismTech share a vision of the future and potential of the IIoT market. “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.”