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Latest Alanco Technologies News
Apr 12, 2021
StarTrak Brought by Arizona Company By: Yvonne Darling July 7, 20063:00 am Alanco Technologies reports that it has fully acquired Morris Plains-based GPS tracking and wireless data services provider StarTrak Systems.Alanco Technologies reported that it has fully acquired Morris Plains-based GPS tracking and wireless data services provider StarTrak Systems. The $15 million acquisition is an all-stock transaction made up of 13.2 million Alanco common shares, plus assumption of about $5 million in liabilities. StarTrak sales are currently over $1 million per month, according to Alanco. Alanco CEO Robert R. Kauffman said, ÂStarTrak is a transformational transaction for our company, positioning Alanco as the dominant provider of wireless tracking and data-management services in two emerging niche markets, each of which have a worldwide potential in excess of $1 billion.Â Alanco Technologies is based in Scottsdale, Ariz., and develops tracking systems used to trace the location and movement of inmates by the corrections industry.
Alanco Technologies Frequently Asked Questions (FAQ)
When was Alanco Technologies founded?
Alanco Technologies was founded in 1969.
Where is Alanco Technologies's headquarters?
Alanco Technologies's headquarters is located at 7950 E. Acoma Drive, Scottsdale.
What is Alanco Technologies's latest funding round?
Alanco Technologies's latest funding round is PIPE.
How much did Alanco Technologies raise?
Alanco Technologies raised a total of $2.07M.
Who are the investors of Alanco Technologies?
Investors of Alanco Technologies include Downsview Capital, Iroquois Capital Group, Whalehaven Capital and Omicron Capital.
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