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TMCNet: TeleCommunication Systems acquires Sidereal Solutions

[November 17, 2009]

TeleCommunication Systems acquires Sidereal Solutions

Nov 17, 2009 (Datamonitor via COMTEX) -- TeleCommunication Systems, a provider of wireless communications, has announced the acquisition of all of the assets of privately-held Sidereal Solutions, a satellite communications technology company.


According to TeleCommunication Systems (TCS), consideration for the purchase was cash, approximately 244,000 shares of TCS Class A common stock, and contingent consideration based on the business's gross profit in 2010 and 2011.

TCS has said that Sidereal has been a business partner of TCS's government solutions group since 2007, providing field service support for satellite communications and network engineering, technical writing and training, and other information technology services in support of TCS's Swiftlink line of deployable systems.

Post-acquisition operations will be reported as part of the TCS government segment's services category.

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