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RACO Wireless is a provider of specialized wireless products and services focusing on the machine to machine (M2M) industry. The Company delivers wireless data and provides a platform for companies to build and support wireless M2M applications.

History

RACO Wireless was initially formed as a subsidiary of RACO Industries LLC in Cincinnati, Ohio. The parent organization RACO Industries was founded in 1998 by current CEO Rob Adams as a value-added reseller of barcoding hardware and data-collection services. The company also partnered with network carriers to provide vehicle-tracking solutions.

In 2005, the company identified an opportunity as a data aggregator and the company began building a data aggregation platform. The following year, the company was approached by T-Mobile with the idea to become a data aggregator in the M2M space, and RACO Wireless was officially founded in 2006.[1]

RACO Wireless developed its Omega Management Suite as a web-based platform to provide customers with a unified M2M device management and monitoring system. The company worked closely with T-Mobile and their M2M solutions team, which was led by John Horn. In 2011, RACO Wireless announced that Horn had left T-Mobile to become President of RACO Wireless.[2] As part of the move, RACO Wireless signed a deal to become T-Mobile's preferred partner for new M2M business and operational support.[3]

In 2011, RACO Wireless and T-Mobile partnered with Audi to offer Audi Connect – a service that allows users access to news, weather, and fuel prices while turning the vehicle into a secure mobile Wi-Fi hotspot allowing passengers access to the Internet.[4]

In recent years, RACO Wireless has expanded its network by forming partnerships with other international mobile network carriers including AT&T, EE in the UK[5], Rogers in Canada[6], Sprint, and Telefonica out of Spain and Latin America[7].

In October of 2012, Inverness Graham Investments, a private equity firm out of Philadelphia, announced a controlled recapitalization of RACO Wireless.[8] The investors at Inverness Graham employ a growth through acquisition strategy, and are actively pursuing growth opportunities for RACO Wireless.

In July of 2013, RACO Wireless announced the acquisition of Position Logic, a leading global provider of B2B location based services with operations in North America, South America, Europe, Africa and the Middle East.[9]

Company

RACO Wireless provides products and services for the machine-to-machine (M2M) world. Additionally, it offers the Omega Management Suite, an information tool that provides web-based M2M management, reporting, and alerting features; SIM activation, maintenance, and management; web-based billing solutions; consulting, carrier device certification, application hosting, and virtual LAN solutions.

RACO Wireless services a variety of end markets including: fleet management, asset tracking, healthcare, monitoring & control, and point-of-sale transaction processing. The Company has operations in 60 countries and employs 100 people in the US and Latin America.

Recognition

RACO Wireless has received several awards for its products and services including:

  • Stevie® Award from the American Business Awards as 2012's "Most Innovative Tech Company"[10]
  • Named "2012 Entrepreneurial Company of the Year" by Frost & Sullivan[11]
  • Omega Management Suite™ was selected as the overall winner in the "Impactful M2M Application or Solution" category at the 4G World 2012 Conference and Expo.[12]
  • Awarded the Frost & Sullivan “2013 North American Award for New Product Innovation” [13]


References

  1. ^ http://www.connectedworldmag.com/10_2_magazinearticle.aspx?id=MAZ0130304103142473
  2. ^ http://www.m2mnow.biz/2011/05/17/1360-john-horn-switches-from-t-mobile-to-raco-wireless/
  3. ^ http://www.fiercewireless.com/story/raco-wireless-handle-t-mobiles-m2m-business/2011-05-13
  4. ^ http://www.intomobile.com/2011/10/12/raco-wireless-audi/
  5. ^ http://www.m2mevolution.com/topics/m2mevolution/articles/228958-everything-everywhere-alliances-with-raco-wireless-launch-m2m.htm
  6. ^ http://finance.yahoo.com/news/raco-wireless-announces-m2m-solutions-120000549.html
  7. ^ http://www.cio.com/article/729418/RACO_Adds_Sprint_and_Telef_195_179_nica_to_its_M2m_Mangement_Platform
  8. ^ http://www.marketwatch.com/story/inverness-graham-investments-announces-a-controlled-recapitalization-of-raco-wireless-2012-10-09
  9. ^ http://finance.yahoo.com/news/raco-wireless-announces-acquisition-position-115800199.html
  10. ^ http://www.stevieawards.com/pubs/awards/403_2654_21616.cfm
  11. ^ http://www.reuters.com/article/2012/02/07/idUS148528+07-Feb-2012+BW20120207
  12. ^ http://www.prnewswire.com/news-releases/best-of-4g-awards-winners-announced-at-4g-world-2012-176342231.html
  13. ^ http://www.tmcnet.com/usubmit/2013/05/21/7149540.htm
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