News

ORBCOMM Acquires INSYNC Software


Rochelle Park, NJ, January 20, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that it has completed the acquisition of InSync Software, Inc. (InSync), a premier provider of Internet of Things (IoT) enterprise solutions across a broad spectrum of vertical markets, applications and customers. Headquartered in San Jose, CA, InSync’s software powers global sensor-driven asset tracking and remote monitoring applications that allow end users, managed service providers and independent software vendors to increase asset visibility, improve operational efficiencies and reduce risk.

Compass Intelligence Announces Winners of the 2015 Mobility Awards, A-List in M2M, Green Technology and Customer & Digital Experience Awards

ORBCOMM Wins A List in M2M Award for M2M Satellite Provider of the Year

LAS VEGAS, NEVADA—INTERNATIONAL CES—January 7, 2015—Compass Intelligence, a global market research and consulting firm that redefines market intelligence and consulting, announced the recipients of the 2015 Compass Intelligence Awards at a press luncheon held today at the Las Vegas Convention Center and World Trade Center (LVCC) during the 2015 International CES® trade show in Las Vegas. The 2015 Compass Intelligence Awards were selected by 60+ industry-leading press, editors, and analysts who cover the mobile and wireless market. The Compass Intelligence Awards includes Mobility, A-List in M2M, Bamboo Mobile Green Technology, and Customer & Digital Experience Awards. The Awards recognize the best in mobile computing, wireless data communications, Internet of Things, green technology, digital & customer experience products and services offered in the market during the past year.

Werner Selects ORBCOMM's Cold Chain Monitoring Solution for Its Over-the-Road Trailers

Rochelle Park, NJ, January 13, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that Werner Enterprises, Inc. (Werner) selected ORBCOMM to provide an industry-leading tracking and monitoring solution for its over-the-road refrigerated trailers. Founded in 1956, Werner is a premier transportation and logistics company, providing services throughout North America, Asia, Europe, South America, Africa and Australia.

ORBCOMM Senior Management to Present at Needham 17th Annual Growth Conference

Rochelle Park, NJ, January 6, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that its senior management will be presenting at the 17th Annual Needham Growth Conference at the New York Palace Hotel in New York, New York. ORBCOMM will be presenting on Tuesday, January 13, 2015 at 4:10 PM Eastern Time. 

The audio portion of the presentation can be accessed at http://wsw.com/webcast/needham69/orbc.

ORBCOMM Completes Acquisition of SkyWave

Rochelle Park, NJ, January 5, 2015 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that it has completed the acquisition of SkyWave Mobile Communications (SkyWave), the largest M2M service provider on the Inmarsat (LSE: ISAT.L) global L-band satellite network, on January 1. Based in Ottawa, Canada, SkyWave adds more than 250,000 subscribers, 400 channel partners, annualized revenues of over $60 million and Adjusted EBITDA of over $12 million.

The acquisition of SkyWave furthers ORBCOMM’s strategy to provide the most complete set of options and capabilities in the industry, while adding multiple synergies to strengthen its M2M solutions portfolio. With the addition of SkyWave, ORBCOMM now has one of the largest combined engineering teams in the M2M industry and gains significant economies of scale in operations and manufacturing. SkyWave’s robust distribution channels in South America, Asia and the Middle East, along with Inmarsat’s support, provide ORBCOMM with even broader global distribution. ORBCOMM gains access to new geographies in Eastern Europe and Asia while adding diverse vertical markets such as security and marine. The addition of SkyWave’s higher bandwidth, low-latency satellite products and services that leverage the IsatDataPro (IDP) technology, which is now jointly owned by ORBCOMM and Inmarsat, also further expands the breadth of ORBCOMM’s solutions portfolio.

Deloitte Announces 2014 Technology Fast 500™ Rankings

ORBCOMM Named One of the Fastest Growing North American Companies 

San Francisco, CA, November 13, 2014 — Deloitte today released the 2014 Technology Fast 500™, an annual ranking of the fastest growing North American companies in the technology, media, telecommunications, life sciences, and clean technology sectors. Awardees are selected for this honor based on percentage fiscal year revenue growth from 2009 to 2013. For the nineteenth consecutive year, the software sector has been the most visible on this list, with over 230 companies being from this space alone.

ORBCOMM Announces Third Quarter 2014 Results

– Order to Deliver 16,000 Dual-Mode Devices for Large Retail Fleet of Trailers –
– Announces Pending SkyWave Acquisition to Create Largest Space-based M2M Company –
– Total Revenues of $23.1M Increased 17% –

Rochelle Park, NJ, November 10, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced financial results for the third quarter ended September 30, 2014.

ORBCOMM Announces Pricing of Public Offering of Common Stock

Rochelle Park, NJ, November 7, 2014 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, announced today that it priced its underwritten registered public offering (“Offering”) of 12,857,143 shares of its common stock, par value $0.001 per share, at a price of $5.60 per share. In connection with the Offering, ORBCOMM has granted the underwriters an option to purchase up to 1,928,571 additional shares of its common stock. ORBCOMM is offering all of the shares and will receive all the net proceeds of the Offering. The Offering is expected to close on November 13, 2014, subject to customary closing conditions.

ORBCOMM intends to use the net proceeds from the Offering primarily to fund the acquisition of SkyWave Mobile Communications Inc. (“SkyWave”) announced on November 6, 2014. The Offering is not contingent on consummation of the SkyWave acquisition and ORBCOMM may use the net proceeds from the Offering for future acquisitions and for general corporate purposes.

ORBCOMM Announces Public Offering of Up to $72 Million of Its Shares of Common Stock

Rochelle Park, NJ, November 6, 2014 - ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, announced today an underwritten registered public offering (the “Offering”), subject to market and other conditions, of its shares of common stock, par value $0.001 per share, up to an aggregate sales price of $72 million. ORBCOMM will receive all of the net proceeds from the Offering.

ORBCOMM intends to use the net proceeds from the Offering primarily to fund the acquisition of SkyWave Mobile Communications Inc. (“SkyWave”) announced today. The Offering is not contingent on consummation of the SkyWave acquisition and ORBCOMM may use the net proceeds from the Offering for future acquisitions and for general corporate purposes.

ORBCOMM to Acquire SkyWave Mobile Communications

Rochelle Park, NJ, November 6, 2014 – ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that it has entered into a definitive agreement to acquire SkyWave Mobile Communications (SkyWave), the largest M2M service provider on the Inmarsat (LSE: ISAT.L) global L-band satellite network, for $130 million. Based in Ottawa, Canada, SkyWave has more than 250,000 subscriber units, 400 channel partners, an estimated annualized $60 million in revenues and over $12 million in Adjusted EBITDA.

“We expect the combination of SkyWave and ORBCOMM to deliver significant value for both our shareholders and customers,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “By combining our complementary products, distribution channels and broad geographic footprints – with support from Inmarsat – we are adding significant scale to our business. Our customers will benefit from access to one of the industry’s broadest set of complete solutions, global regulatory authorizations and satellite-based connectivity options. We also expect this added scale to create sustainable long-term shareholder value.”