May 24, 2006

MicroTRAK gets Fibergrations LLC

MicroTRAK, the GPS service provider got all assets of Fibergrations LLC, a private corporation recognized for its target oriented RFID services. With this acquisition, MicroTRAK is empowered and plans to stand tall in the RFID market.

J erry Grisaffi, MicroTRAK GPS founder and CEO commented,

With our combined resources and strengths, we are well positioned for continued innovation and growth in an entirely new market. We believe the powerful combination of these two companies will benefit our shareholders, our customers and our employees.

Mike Beedles will be the executive vice president MicroTRAK GPS and general manager of MicroTRAK RFID. The newly founded MicroTRAK RFID firm will function from the Nashville, Tennessee.

Via: [TMCNet]

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