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Awarepoint Corporation Announces Acquisition of PCTS
Date:4/19/2011

SAN DIEGO, April 19, 2011 /PRNewswire/ -- Awarepoint Corporation, the leading provider of real-time location system (RTLS) solutions for hospitals, today announced it has acquired Patient Care Technology Systems (PCTS). The combined organization, which unites Awarepoint's unmatched ZigBee based technology platform with PCTS's best-in-class software platform and clinical applications, provides the industry's leading all-inclusive enterprise-wide RTLS solution. PCTS currently serves 60 hospitals, while Awarepoint is installed at 93 hospitals and manages 150,627 assets, by far the most assets under management by a single company.

(Logo:  http://photos.prnewswire.com/prnh/20100127/LA44915LOGO)

Corporate headquarters will remain in San Diego and PCTS will continue to operate its Charlotte, N.C. office. The PCTS executive team will remain intact and report to Jay Deady, Awarepoint's CEO. The majority of PCTS's staff will also be maintained and Awarepoint's board of directors will remain unchanged. Financial terms of the deal are not being disclosed.

"In response to market demand and the well documented successes of our shared clients, this is the ideal time to unite both companies' best-in-class offerings," explained Jay Deady, CEO of Awarepoint. "Our combined solutions, proven track record, large installed base eager for enterprise-wide upgrades, and interoperable and configurable technology platform will allow Awarepoint to capitalize on an enormous untapped RTLS market.  Industry analysts estimate RTLS market penetration in North America at only 10 to 12 percent and at just 5 percent internationally."

The "new" Awarepoint is ideally positioned to address many of the most pressing challenges hospitals are confronting durin
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SOURCE Awarepoint Corporation
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