M2M technology provider Wavecom acquired privately-held software developer NexGen Software for $505,000. Wavecom wants NextGen's internally developed TCP/IP suite of protocol stacks, which enable communication between computers and Web software. Wavecom hopes the acquisition will eliminate its need to pay third-party vendors for this capability. Wavecom shares rose 43 cents, or more than 4 percent, to $10.68 following the news.
To read more about Wavecom's acquisition of NextGen:
- take a look at this article from RCR Wireless News