Top News

CalAmp Acquires Division of AirIQ

Oxnard, California-based CalAmp, a provider of wireless communications products, announced this morning that it is acquiring the Vehicle Finance division of AirIQ, in a deal worth $19M in cash. AirIQ's Lake Forest-based Vehicle Finance division sells Global Positioning Satellite (GPS) and cellular-based wireless asset tracking products. According to the firms, the division had revenues of approximately $15M in 2006. AirIQ's products are sold to vehicle lenders that specialize in financing high credit risk individuals. CalAmp said it will employ approximately 35 former AirIQ employees.





Latest Headlines

Browse Issues


Keep up with all of the latest Southern California high tech news via email (it's free!)

or Cancel