M&A Deal Summary

TeleTracking Technologies Acquires RadarFind

On September 22, 2009, TeleTracking Technologies acquired information technology company RadarFind

Acquisition Highlights
  • This is TeleTracking Technologies’ 1st transaction in the Information Technology sector.
  • This is TeleTracking Technologies’ 1st transaction in the United States.
  • This is TeleTracking Technologies’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2009-09-22
Target RadarFind
Sector Information Technology
Buyer(s) TeleTracking Technologies
Deal Type Add-on Acquisition
Advisor(s) DecisionPoint Advisors (Financial)

Target

RadarFind

Morrisville, North Carolina, United States
RadarFind Corporation, founded in 2003, is a private for-profit company based in Morrisville, North Carolina (near Research Triangle Park). The company offers a unique, patented Real Time Location System (RTLS) for tracking medical equipment and patients. The RadarFind RTLS achieves better location accuracy than competitive real-time location technologies and is the only RTLS system that tracks the status of the equipment (in use, available or needs cleaning).

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Buyer(S) 1

Buyer

TeleTracking Technologies

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1991
Sector Information Technology
DESCRIPTION

TeleTracking Technologies, Inc. is a provider in patient flow automation solutions with more than 800 hospital clients throughout the United States, Canada and the United Kingdom. Recognized by KLAS® for the last two years as “Category Leader — Bed Management”, TeleTracking continues to lead the industry with thought-leadership and world class software solutions and patient flow redesign services.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1