Integrated Barcode Technology (IBT) has announced that it has been acquired by Astron Wireless Technologies Inc., a northern Virginia-based global manufacturer of antenna, cable and connectivity products for a multitude of wireless communications applications for over 28 years.
IBT is a leading systems integrator and added value reseller with a 16-year record of outstanding success. The company specializes in the sale and installation of barcode, RF data collection and wireless RFID hardware, software, accessories and services. IBT will become a division of Astron Wireless and its headquarters will remain in Columbia, MD. The acquisition of IBT by Astron Wireless provides an opportunity to diversify Astrons’ commercial, military and government customer offerings leading to multiple recurring revenue streams from barcode applications. Moreover, Astron will be able to leverage its current product line as it relates to RF data collection and wireless RFID applications in IBT’s core customer base in the retail, distribution, manufacturing and hospitality markets.
Additionally, Astron Wireless will be able to offer strategic marketing opportunities from its core customer base and offer RF engineering support to IBT customers. With vast co-marketing and co-branding opportunities, both companies can leverage each other’s core capabilities for near and long-term growth.
“IBT’s leading regional and New England presence provides a strong basis for an opportunity to expand nationally. In doing so, key barcode asset tracking and the burgeoning wireless RFID markets will enable both entities to prosper leveraging off each other’s core competencies. To say the least, we are very excited about the opportunities IBT brings to Astron,” said James Jalbert, chairman, president and CEO of Astron Wireless Technologies Inc.
Tom Jackson, founder of IBT, will continue as vice president of sales. Jackson will be responsible for some day-to-day operations and play a key role in the expansion of the sales team nationally.
Kevin Holmboe, director of software development, and Tom Jackson have wanted to expand the business for a long time. “Capital has always been the stumbling block,” said Jackson. “Astron Wireless gives us the opportunity to expand into areas we have only dreamed of while the synergies between the two companies should give us plenty of opportunity for growth. We look forward to a long and prosperous relationship.”