Novatel Wireless Is Acquiring Enfora For $64.5 Million

Posted Nov 9, 2010

Novatel Wireless, Inc. (NASDAQ:NVTL) has announced that they are acquiring Enfora for $64.5 million. Enfora is a wireless asset management and monitoring solutions company. “This acquisition expands our addressable market, broadens our range of complementary products, (and) diversifies our customer base,” stated Novatel chairman and CEO Peter Leparulo. “Enfora, more than any other company providing M2M data communications, is focused on adding value with customized software and services and fits with our business strategy of combining hardware and software into integrated solutions.” [InformationWeek]