Raco Wireless has closed a deal for Position Logic LLC.
Position Logic, headquartered in Naples, Fla., develops global positioning satellite (GPS) tracking software. Terms of the transaction were not disclosed.
Cincinnati, Ohio-based Raco provides wireless data services that allow wireless and wired electronics to commuincate with each other. The company’s services include end-to-end monitoring, application hosting and internet connectivity.
The deal should allow Raco to move beyond network connectivity into the GPS market, allowing the company to help its customers track and monitor assets.