RFID Company: Calif Amp, Vytek Company Merger
... Vytek has expertise in wireless technologies from 802.11a/b/g, Bluetooth and GPRS to
RFID for next generation devices and products. ...
California Amplifier to Acquire Vytek Corporation
Acquisition Strengthens California Amplifier’s Engineering Capability and
Market Presence, and Diversifies Product and Customer Base
CAMARILLO, CA, December 23, 2003-- California Amplifier, Inc. (Nasdaq: CAMP) announced today that it has signed a definitive agreement to acquire Vytek Corporation. The acquisition represents a pivotal step in California Amplifier’s strategic growth plan to diversify its customer base, expand its core engineering capability, and broaden its market offerings.
Vytek, a privately-held company headquartered in San Diego, California, is a provider of hardware and software solutions and services that enable wired and wireless access to information. Vytek has a diversified Fortune 1000 customer base consisting of world-class technology companies, consumer electronics companies, household names in retailing and distribution, and companies in various vertical markets such as healthcare and public safety.
Vytek has approximately 280 employees with 10 offices nationwide, and has longstanding customer relationships dating back 18 years through its prior acquisitions. In commenting on the acquisition, Fred Sturm, Chief Executive Officer of California Amplifier, stated, “Customers today are looking for total solutions for their communications needs. This acquisition will add strong complementary engineering capabilities, a world-class professional
services team, and an expanded customer presence. Our goal will be to accelerate bringing our previously announced product technologies to market, and to leverage our expanded customer contact and solutions approach to drive new product initiatives.” Mr. Sturm continued, “The combined Company will have strong engineering development capabilities spanning firmware and software, digital processor-based design, and wireless system, RF and antenna design. This product development capability, combined with California
Amplifier's high-volume manufacturing capability and Vytek’s systems integration and professional services organization, will enable us to offer comprehensive solutions to our customers. As a result of this acquisition, our customer base will grow and diversify beyond satellite television and telecommunications service providers to include large and medium sized
Enterprise customers, thereby expanding our market reach and distribution channels.” ...
Commenting on the acquisition, Jim Ousley, Chief Executive Officer of Vytek, said, “We believe the combination of California Amplifier and Vytek is an excellent fit for all our stakeholders -- our customers, employees and shareholders. Integrating the resources of both companies will provide for the rapid expansion of our wired and wireless solutions into the marketplace.” ...
About VYTEK Corporation
VYTEK Corporation is a provider of technology integration solutions and wireless access hardware and software. Vytek has expertise in wireless technologies from 802.11a/b/g, Bluetooth and GPRS to RFID for next generation devices and products. Vytek provides engineering expertise in developing both software and hardware solutions that includes: Business & Technology Assessment; Prototype, Architect & Design Solutions; Services/Product Development; Integration & Implementation; and Support. Headquartered in San Diego, California with offices nationwide, Vytek serves both large and small clients in a variety of industries. More information can be found at www.vytek.com.
About California Amplifier, Inc.
California Amplifier designs, manufactures and markets a broad line of integrated microwave equipment used primarily in conjunction with satellite television and terrestrial broadband wireless and video applications. The
Company’s Satellite business unit designs and markets outdoor reception equipment for the U.S. Direct Broadcast Satellite (DBS) television market as well as a full line of consumer and commercial products for video and data
reception. The Wireless Access business unit designs and markets integrated reception and two-way transmission fixed wireless equipment for broadband data and video applications. California Amplifier is an ISO 9001 certified company. For additional information, visit California Amplifier’s web site at www.calamp.com.
Labels: acquisition, antenna, antenna-design, assessment, bluetooth, design, electronics, equipment, growth, hardware, healthcare, merger, safety, software-development