ADLINK Technology to acquire Internet of Things technology company PrismTech

ADLINK Technology, Inc. has announced an agreement with PrismTech Ltd. concerning the 100% share acquisition of the company, with an acquisition expected to be completed shortly.

Established in 1992 and based out of Newcastle, England, PrismTech is a provider of software platforms, tools, and services for customers building system solutions for the Internet of Things, the industrial internet, and advanced wireless communications. The company’s customers serve a variety of market sectors, including industrial, energy, healthcare, transportation, finance, aerospace, and defense. PrismTech’s products provide support for real-time situational awareness—including big data analytics—control and interoperability, through connectivity between: cloud services, enterprise applications, mobile devices, and embedded systems.

"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 industrial IoT - it can be expected for those to emerge later in 2016," said Jim Liu, CEO of ADLINK. "Furthermore, the synergy of this acquisition will allow PrismTech to extend their reach and compete on a global basis with the current Vortex product and new developments."

He added: "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."

View a Q&A on the acquisition.
View a press release.

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