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DiMi Telematics International acquires Green Genie
Jun 29, 2012 (Datamonitor Financial Deals Tracker via COMTEX) --
DiMi Telematics International, Inc., a provider of environmentally-conscious, cloud-based, M2M (machine-to-machine) communications solutions, has acquired Green Genie, a provider of mobile applications. Both the companies based in the US.
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Completed: 2012-06-28
Deal Participants
Target (Company) Green Genie
Acquirer (Company) DiMi Telematics International, Inc.
Deal Rationale
The acquisition will allow DiMi Telematics to provide powerful revenue-producing marketing platform to expand global awareness of company's proprietary energy and cost-saving M2M solutions.
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