TruePosition Acquires Source Code License and Interest in Profilium
Berwyn, PA,
United States -
Mrch 31, 2009 -
TruePosition, Inc., a leading provider of wireless location technologies and solutions and a subsidiary of Liberty Media Corporation, today announced that it has acquired a source code license from and an approximate 20 percent interest in Profilium. The source code license is exclusive for safety and security applications, and non-exclusive for other uses.
“This agreement further underscores TruePosition’s commitment to the public safety and national security markets worldwide,” said Stephen Stuut, Chief Executive Officer of TruePosition. “The strategic investment allows us to leverage Profilium’s sophisticated data mining software to further our lead in delivering innovative location solutions to security and government agencies around the globe.”
Headquartered in Montreal, Canada, Profilium is a provider of software systems that gather, store and process mobile phone metadata on a mass scale, which can be used by businesses to analyze and monitor behavior of mobile subscribers.
TruePosition and Profilium have been working together for over two years to adapt the sophisticated data mining software system to collect mobile phone metadata for the TruePosition location intelligence system called TruePosition® LOCINT™. This information can then be used in mobile phone-based national safety and security solutions.
“We are excited to continue working closely with TruePosition, a recognized leader in location solutions,” said Chief Technology Officer and Cofounder of Profilium Alexander Miller. “With the proceeds from the transaction and existing portfolio of products and technologies, Profilium is poised to realize an enormous market potential for innovative mobile services that provide location intelligence to various consumer and business applications.”
“Combining Profilium’s data mining solution with TruePosition’s wireless location platform creates a powerful solution for government agencies to add to their multilayered strategic security initiatives,” stated Mark Kagan, Research Manager for Government Insights, an IDC Company. “TruePosition has developed an invaluable asset for security and law enforcement officials to help identify and combat criminal activities, secure borders and critical infrastructure facilities, and save lives in search-and-rescue missions.”
About Profilium
Profilium Inc. (www.profilium.com) develops wireless software and location intelligence solutions and technologies for large-scale location and tracking of mobile devices in wireless networks, network monitoring, geo-profiling, intelligent alerting, and location enhancement. Profilium’s technology provides real-time and historical analysis of location data extracted from wireless networks and provides predictive services with a unique potential for real-world context and profiling of people. Profilium markets and sells applications to consumer, media, business and government markets that wish to increase value of core services through the use mobile location intelligence. Profilium was founded in 1999, and has its head office in Montreal, Canada
About TruePosition
TruePosition (www.trueposition.com) is the global leader in location determination and intelligence solutions that help protect citizens, combat crime, and save lives. TruePosition location solutions meet the mission-critical requirements of enterprises and government agencies. These solutions include future-proof technologies, innovative applications, and comprehensive networking and systems services. TruePosition has more patents, technical expertise, and operational experience in wireless location than any other company in the world. Every day more than 100 million people depend on location services supported by TruePosition technology. TruePosition is owned by Liberty Media Corporation.
For more information, please contact:
Brian Varano, Director of Marketing, TruePosition
+1 610 680 2251
brian.varano@trueposition.com
Jay Gould, Director of Business Development and Government Relations, Profilium
+1 514 570 4406
jgould@profilium.ca
“This agreement further underscores TruePosition’s commitment to the public safety and national security markets worldwide,” said Stephen Stuut, Chief Executive Officer of TruePosition. “The strategic investment allows us to leverage Profilium’s sophisticated data mining software to further our lead in delivering innovative location solutions to security and government agencies around the globe.”
Headquartered in Montreal, Canada, Profilium is a provider of software systems that gather, store and process mobile phone metadata on a mass scale, which can be used by businesses to analyze and monitor behavior of mobile subscribers.
TruePosition and Profilium have been working together for over two years to adapt the sophisticated data mining software system to collect mobile phone metadata for the TruePosition location intelligence system called TruePosition® LOCINT™. This information can then be used in mobile phone-based national safety and security solutions.
“We are excited to continue working closely with TruePosition, a recognized leader in location solutions,” said Chief Technology Officer and Cofounder of Profilium Alexander Miller. “With the proceeds from the transaction and existing portfolio of products and technologies, Profilium is poised to realize an enormous market potential for innovative mobile services that provide location intelligence to various consumer and business applications.”
“Combining Profilium’s data mining solution with TruePosition’s wireless location platform creates a powerful solution for government agencies to add to their multilayered strategic security initiatives,” stated Mark Kagan, Research Manager for Government Insights, an IDC Company. “TruePosition has developed an invaluable asset for security and law enforcement officials to help identify and combat criminal activities, secure borders and critical infrastructure facilities, and save lives in search-and-rescue missions.”
About Profilium
Profilium Inc. (www.profilium.com) develops wireless software and location intelligence solutions and technologies for large-scale location and tracking of mobile devices in wireless networks, network monitoring, geo-profiling, intelligent alerting, and location enhancement. Profilium’s technology provides real-time and historical analysis of location data extracted from wireless networks and provides predictive services with a unique potential for real-world context and profiling of people. Profilium markets and sells applications to consumer, media, business and government markets that wish to increase value of core services through the use mobile location intelligence. Profilium was founded in 1999, and has its head office in Montreal, Canada
About TruePosition
TruePosition (www.trueposition.com) is the global leader in location determination and intelligence solutions that help protect citizens, combat crime, and save lives. TruePosition location solutions meet the mission-critical requirements of enterprises and government agencies. These solutions include future-proof technologies, innovative applications, and comprehensive networking and systems services. TruePosition has more patents, technical expertise, and operational experience in wireless location than any other company in the world. Every day more than 100 million people depend on location services supported by TruePosition technology. TruePosition is owned by Liberty Media Corporation.
For more information, please contact:
Brian Varano, Director of Marketing, TruePosition
+1 610 680 2251
brian.varano@trueposition.com
Jay Gould, Director of Business Development and Government Relations, Profilium
+1 514 570 4406
jgould@profilium.ca
Company Center: TruePosition
