Intermec Acquires Vocollect

Today Vocollect announced that it will be acquired by Intermec, a company that provides development and integration of services and technologies that track and manage supply chain customers worldwide.

Both companies’ boards of directors have unanimously approved the $190 million dollar cash deal. After the transatioin, Joe Pajer, Vocollect's CEO, will lead the new Intermec Voice Solutions Business and report to Intermec president and CEO Patrick Byrne.

The final closing of the deal is expected to occur before March and is subject to regulatory approvals.

“While we were not actively seeking to sell Vocollect, we carefully considered Intermec’s proposal. Intermec’s ability to give us additional access to adjacent technologies and know-how, as well as access to additional supply chain customers worldwide, made a compelling case for joining forces,” Pajer said in a statement. “I am very excited about the opportunity to accelerate our pursuit of the Vocollect vision of millions of workers using Vocollect Voice worldwide as part of the Intermec family.”

“Intermec is very excited about its future with the addition of Vocollect to our portfolio,” Byrne said in a statement. “Voice is expected to continue to grow in the warehouse and distribution center arena, and Vocollect, as a strong, global leader in the voice market, affords Intermec significant long-term growth opportunities.”

Vocollect's revenue reached $120 million in 2010, representing a growth of 15 percent. Its customer base has grown from 200 in 2009 to 250 today.

Vocollect also introduced a record of five newly-developed and innovative voice solutions for the global distribution center and warehouse market. Vocollect Healthcare Systems, a subsidiary of Vocollect, Inc., achieved similar gains on the healthcare side.

“The success of voice in both of our markets further indicates that voice is growing across workflows in both supply chain and healthcare, expanding globally, and cutting across industries. This growth and expansion of voice stems from the great value it brings in addressing the key business challenges present in those unique markets,” Pajer said.

SpeechTek Covers
for qualified subscribers
Subscribe Now Current Issue Past Issues