ATLANTA, Nov. 30, 2015 (GLOBE NEWSWIRE) -- Numerex Corp (NASDAQ:NMRX), a leading provider of managed machine-to-machine (M2M) enterprise solutions enabling the Internet of Things (IoT), today announced the appointment of Sridhar 'Sri' Ramachandran as its new Chief Technology Officer. Sri will assume this position immediately on a part-time basis and then begin full time on January 4, 2016. In this role, Sri will be responsible for driving the company's technology strategy with a focus on product development and engineering execution. Sri will play a key role in accelerating Numerex's innovation and leadership in the IoT market.
Marc Zionts, Chief Executive Officer, Numerex, commented on the appointment. "My history with Sri goes back almost two decades. I have interacted with him in the industry via multiple companies. I'm very pleased to now have him join the Numerex team and lead our innovation and engineering strategy. Sri's extensive industry experience, combined with his entrepreneurial background will make him an important member of the senior executive leadership and ideally position him to work closely with customers, partners and the entire Numerex team."
Sri Ramachandran commented, "The entire IoT industry is in a period of rapid evolution and transformation towards simple, scalable, and secure solutions that directly address the needs of the enterprise user. Numerex is ideally positioned in the center of this transformation due to its core strengths—a flexible horizontal platform used broadly in the industry and a laser-like focus on select vertically based managed solutions. I am excited and energized to join this company just as the internet of things is beginning a new growth phase. Numerex has a long history of IoT excellence, and I look forward to helping the company embark on the next chapter of innovation and technological leadership."
Sri is a technology veteran with several decades of experience in the communication and IoT markets, bringing to Numerex deep industry experience in IP and mobile communications. Sri is passionate about the innovation lifecycle and has successfully led product teams from ideation to market. He most recently served as CTO of Utilidata, an IoT and data analytics company driving energy efficiency in the electric power grid. Prior to that, he was CTO of Telcordia/Ericsson Interconnection Solutions, where he launched and established a new mobile messaging business. He joined Telcordia after a successful tenure as CTO of NexTone Communications, which he co-founded and where he pioneered the Session Border Controller (SBC) – a critical component of VoIP networks. Sri is recognized as an industry thought leader and holds several patents for his work developing the SBC. He is also regularly sought out as an industry advisor in the communications space. Sri earned his B.Tech degree in Electrical Engineering from IIT, Madras, India and his MS in Computer Engineering from University of Cincinnati, USA.
About Numerex
Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating efficiencies for its customers. Numerex provides its technology and services through its integrated platforms, which are generally sold on a subscription basis. The Company offers a portfolio of managed end-to-end IoT solutions including smart devices, network connectivity and service applications capable of addressing the needs of a wide spectrum of vertical markets and industrial customers. The Company's mission is to empower enterprise operations with world-class, managed IoT solutions that are simple, innovative, scalable, and secure. Numerex is ISO 27001 information security-certified, highlighting the Company's focus on data security, service reliability and around-the-clock support of its customers. For additional information, please visit www.numerex.com.
Statements contained in this press release concerning Numerex that are not historical fact are "forward-looking" statements and involve important risks and uncertainties. Such risks and uncertainties, which are detailed in Numerex's filings with the Securities and Exchange Commission, could cause Numerex's results to differ materially from current expectations as expressed in this press release. These forward-looking statements speak only as of the date of this press release, and Numerex assumes no duty to update forward-looking statement.
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