Vytek Wireless To Acquire Stellcom
San Diego, CA – November 18, 2002 – Stellcom, Inc. (“Stellcom “), a systems integrator recognized for its advanced expertise in mobility and enterprise engineering solutions, has signed a definitive merger agreement to be acquired by privately-held Vytek Wireless, Inc. (“Vytek”), a global provider of integrated mobile solutions for business and government. The new company, to be known as Vytek, will capitalize on complementary areas of expertise to deliver a broader and deeper range of emerging enterprise solutions currently not offered by any company. The merger is expected to close in January 2003, subject to satisfaction of customary closing conditions. Terms were not disclosed.
“Today’s announcement marks the first instance in which a company will bring such a broad range of mobile enterprise capabilities into a single organization,” said James Ousley, chief executive officer and president of Vytek. “By joining the strengths of Vytek and Stellcom we are creating the perfect marriage. Vytek’s proven experience in delivering mobile applications, carrier infrastructure and wireless integration services combined with Stellcom’s expertise in driving innovation is a formula for success over the coming months and years.”
The companies provide mobile and emerging technology expertise to leading platform providers including Cisco Systems, Hewlett Packard, Intel, Microsoft, Motorola and Symbol Technologies. Current Fortune 1000 customers include Southwest Airlines, Barnes & Noble, Sempra Energy and Sony. Both firms are backed by major venture capital groups, including Stellcom investors Frontenac Company, Mission Ventures and Goldman Sachs and Vytek investors Mobius Venture Capital, Charterhouse Group International and CIBC World Markets.
“Today’s merger puts us exactly where we want to be — perfectly positioned to support today’s enterprise with self-service access to content via portals and mobile applications,” said Tracy Trent, chief executive officer of Stellcom. “With combined expertise in the critical areas of emerging technologies and mobility, Stellcom and Vytek can provide Fortune 1000 customers with high performance messaging and content delivery, software and hardware platform technologies, and mobile device innovation.”
Ousley will serve as chief executive officer of the combined company and Trent will serve as executive vice president and general manager.
Randy Grigg, Managing Director with DecisionPoint International, served as an advisor to Stellcom on the transaction.
About Vytek Wireless, Inc.
Vytek Wireless is a leading global provider of innovative wireless and mobile computing solutions that connect processes and people with information. Vytek designs, develops and implements infrastructure, applications, and professional services to leverage both new and existing systems. Its solutions improve business processes, provide rapid return on technology investments, and enhance our customers’ ability to aggressively compete in today’s economic environment. For additional information, please visit: www.vytek.com.
About Stellcom, Inc.
Headquartered in San Diego, Stellcom is the premier systems integration firm engineering powerful technology solutions from enterprise applications to innovative devices that increase productivity, improve financial savings and create competitive advantages. These solutions are delivered through our teams of senior strategy consultants and experienced engineering teams who understand how to solve tough customer problems to extend computing to a mobile workforce. Stellcom was founded in 1984. For additional information, please visit www.stellcom.com