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Orlando, Fla. (February 5, 2004) - Wolf Consulting, Inc., an information security services firm, and a participant in the University of Central Florida Technology Incubator today announced the acquisition of RadioTrac Corporation, a company formed in 2000 and headquartered in Waltham, Massachusetts. RadioTrac is the low-cost market leader for design and manufacturing of radio-based Advanced Personnel/Vehicle Location (APL/AVL) systems to the Telematics industry.
The acquisition greatly enhances WOLF Consulting's current telecommunications/information security service offerings. Many of WOLF's customers are being required to develop real-time tracking and monitoring solutions for Homeland Security compliance. RadioTrac's low-cost GPS-capable products are a great fit for those customers, who often operate on very limited budgets.
"The RadioTrac acquisition provides a number of benefits to our customers and to Wolf Consulting," said James Wolf, President/CEO of Wolf Consulting. "In addition to providing low-cost products complementary to those services we already market, we gain access to CyTerra's (the selling company) advanced R&D expertise."
WOLF Consulting, Inc. ("WOLF") was founded in 2002 to provide Information Security Services. Its founders bring more than 60 years of telecommunications engineering and consulting expertise to their clients. WOLF provides INFOSEC, Threat Assessment, IV&V, NICAP/DITSCAP Certification, and Telecommunication Engineering Design and Consulting.
Since its founding in 1999, the UCF Technology Incubator has helped more than 70 emerging technology companies create over $140 million in revenue and more than 450 new jobs with an average salary of $59,000. As a result of this success, the UCF Technology Incubator was recently named the 2004 Technology Incubator of the Year by the National Business Incubation Association. Headquartered in Research Park near the University, the Incubator is a true collaboration in economic development between UCF, Orange County , the City of Orlando and the Florida High Tech Corridor Council. For more information, please visit http://www.incubator.ucf.edu
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Contacts:
Melissa Debach 407-882-0205 UCF Technology Incubator
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