MIR3 completes acquisition of TelAlert

Published 29 August 2007

Intelligent notification leader acquires a specialist in wireless notification for IT; deal worth $10 million

San Diego, California-based MIR3, a specialist in intelligent notification (IN) solutions for busineses, has completed the acquisition of the TelAlert software business unit of Oxnard, California-based CalAmp Corporation (NASDAQ: CAMP). CalAmp previously announced that the transaction was valued at approximately $10 million in cash, a note and preferred stock in privately held MIR3. For many years TelAlert has been considered the industry leader in wireless notification for IT. TelAlert integrates with major IT infrastructure management applications, and thousands of companies, including 80 of the Fortune 100 U.S. companies, have deployed TelAlert’s software solutions.

Amir Moussavian, MIR3 president and CEO, noted that:

The acquisition of TelAlert creates the only global enterprise notification platform and allows us to provide superior market solutions based on leading IT and business continuity/disaster recovery (BC/DR) notification technology. Through our extended suite of products and services, MIR3 is now positioned as a single-vendor source for all aspects of strategic enterprise-wide IT, BC/DR and supply chain management notifications. TelAlert’s existing customers should rest assured that MIR3 is committed to providing the best product and customer support in the industry without interruption while preserving our customers’ investments in integration of their current TelAlert solutions with their IT enterprise systems.”

In conjunction with the acquisition, MIR3 is rolling out the Customer Appreciation Pricing (CAP) program, designed to make it easy for TelAlert’s users to upgrade to TelAlert 6e. TelAlert 6e is designed as an enterprise messaging system that provides an integrated and assured communication channel by making use of existing corporate portals, databases, and business applications.