Mr. John McCool, CEO/President of Firetide, and Mr. Corry Hong, Founder, President & CEO of UNICOM Global
MISSION HILLS, CA – May 19, 2014 – UNICOM Systems, Inc., a Division of UNICOM Global, today announced that it has acquired Firetide, Inc., a Silicon Valley-based company and leading expert on wireless broadband technology in an all cash transaction. Details of the acquisition were not disclosed.
“Firetide’s renowned AutoMeshTM wireless mesh software is a cost-effective and dynamic highbandwidth network solution providing the architectural foundation for artificial intelligence and robotics, critical infrastructure modernization, energy and water conservation and software-defined networking for cloud computing,” said Mr. Corry Hong, founder, president and CEO of UNICOM Global. “U.S. military forces are using wireless mesh networking to connect their wearable computer nodes in field operations, and municipalities are deploying smart meters for residences to automatically transfer their readings to the central office for billing and analytics data without the need for human meter readers. UNICOM is proud to bring such important wireless solutions to our customers.”
“The Firetide organization is very excited to join as the newest division of UNICOM Global,” said Mr. John McCool, CEO of Firetide. “UNICOM has demonstrated amazing growth and impressive leadership, and Firetide’s industry-leading products combined with UNICOM’s breadth of solutions and reach into the U.S. Federal government, SLED and commercial enterprises are a combination for great success.”
Founded in 2002, Firetide has more than 10,000 government and commercial customers in 40 countries around the world, including providing solutions for Seoul Metropolitan Rapid Transit, the City of Chicago, and video security at the 2013 ING New York City Marathon. Firetide and UNICOM Government, Inc., a division of UNICOM Global, recently partnered to deploy a video surveillance network for the City of Scottsdale, Arizona, as part of its citywide Intelligent Transportation System. Firetide’s patented AutoMesh™ technology enables concurrent video, voice and data applications for government, transportation, education and commercial customers to view live, high-bandwidth video feeds reliably, securely and with low latency. Firetide’s products are used to build private wireless mesh infrastructure and access networks for indoor and outdoor use that are highly reliable and secure.
The Firetide transaction represents the second acquisition of a Silicon Valley-based company by UNICOM in the last 60 days. On March 31, 2014, UNICOM acquired the assets of Memeo, Inc., a cloud-based secure file sharing and data protection company.
Firetide is based in Campbell, California, with operations throughout the Americas, Europe and Asia Pacific regions. Following the close of the acquisition, UNICOM Global will work to integrate Firetide’s products throughout UNICOM’s extensive distribution channels including through its UNICOM Government, UNICOM Engineering and USRobotics divisions.
Mr. Russ Guzzo
About Firetide® Inc. www.firetide.com
Founded in 2002, Firetide, headquartered in Silicon Valley, has more than 10,000 customers in 40 countries around the globe, including Seoul Metropolitan Rapid Transit, the City of Chicago and the world’s longest mesh network at the Thailand Royal Irrigation Department. Most recently, the City of Scottsdale deployed a Firetide wireless mesh video surveillance network as part of its citywide Intelligent Transportation System covering 185 square miles with 90 Firetide wireless mesh nodes and management software. For more information, visit www.firetide.com or follow Firetide on Twitter at @firetide.
About UNICOM® Global www.unicomglobal.com
UNICOM Global consists of more than thirty-four (34) corporate entities encompassing a wide range of businesses across multiple states and countries. With its corporate headquarters in Los Angeles, California, to offices in Illinois, Massachusetts, Maryland, New Hampshire, North Carolina, New Jersey, Texas and Virginia, as well as across Europe in the UK, Ireland, Germany, France, Italy, Spain, Belgium and Switzerland, UNICOM Global offers deep in-house resources and flexible IT solutions to our partners worldwide. UNICOM Global focuses on acquiring and integrating mature and growing mid-cap NASDAQ, London Stock Exchange AIM and German publically-traded companies in technology, financing, IT, real estate, and business services. Please visit any or all of our websites for additional information about the services, products and solutions that UNICOM Global offers:
|www.unicomglobal.com||UNICOM Global - Assets, capital and investment management|
|www.unicomsi.com||UNICOM Systems - IBM Mainframe software products|
|www.unicomgov.com||UNICOM Government (formerly NASDAQ: GTSI) - Government IT solutions|
|www.unicomengineering.com||UNICOM Engineering (formerly NASDAQ: NEI) Appliance platform|
|www.usrobotics.com||U.S. Robotics - Data communications products|
|www.memeo.com||Memeo - Enterprise-grade Secure File Sharing for the Cloud|
|www.firetide.com||Firetide - Wireless technology solutions for security and transportation|
|www.detec.com||DETEC - Document composition products|
|www.softlanding.com||SoftLanding Systems - IBM i software products|
|www.macro4.com||Macro 4 (formerly LONDON: MAO) - Document Management products|
|www.illustro.com||illustro - z/OS and z/VSE software products|
|www.iet-solutions.com||iET Solutions - ITIL ITSM software products|
|www.eden.com||Eden - Domino Notes and Open Systems products|
|www.cics.com||CICS.com - Hardware, Software, Outsourcing and Professional Services|
|www.unicom-capital.com||UNICOM Capital - Business and Financial Services|