Acquisition done

Netistix Technologies Corp. is now officially the property of BSM Technologies, the acquisition of the Ottawa-based company having been finalized over the holidays. The deal, which was first announced in late October, saw BSM acquire all outstanding shares of Netistix for about 7.14 million common shares of Woodbridge-Ont.-based BSM, priced at $0.14 per share. “We are pleased to have concluded the acquisition of Netistix Technologies,” states Nick Cirella, CEO of BSM. “Together with our earlier acquisition of SecTrack, this positions BSM among the world leaders in Fleet Management Product Suites.” Netistix is the developer of FleetPulse, a wireless fleet management system which provides operators with such services as fuel usage monitoring, safety management and GPS tracking.

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