Industry Deals

We've scoured the airwaves and assembled a list of the latest financial transactions in technology and communications.

Pareteum Closes $50 Million Credit Facility with Post Road Group

NEW YORK, Feb. 26, 2019 /PRNewswire/ — Pareteum Corporation (NASDAQ: TEUM), a rapidly growing global cloud software communications platform company with a mission to connect every person and every(thing)™, today announced that it has closed a US$50 million committed senior secured credit facility with Post Road Group to enable rapid growth of operations domestically, and abroad, via targeted mergers and acquisitions.

Comtech Receives $1.1 Million of Incremental Funding for U.S. Army Sustainment Support of the Blue Force Tracking Program

MELVILLE, N.Y.–(BUSINESS WIRE)–February 20, 2019– Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today, that during the second quarter of fiscal 2019, its Command & Control Technologies group, through its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, which is part of Comtech’s Government Solutions segment, was awarded $1.1 million of incremental funding for Option Period One of the U.S. Army’s Blue Force Tracking-1 (“BFT-1”) sustainment contract.

Wireless Logic Group Acquires Netherlands-Based M2MBlue

LONDON–(BUSINESS WIRE)–Wireless Logic Group, Europe’s leading IoT connectivity platform provider today announced the acquisition of M2MBlue, a M2M and IoT connectivity specialist with a focus on high-bandwidth applications.