U-TX Technologies

Company Overview

Snapshot

Founded in January 2002, U-TX Technologies operated with 51–200 employees. The company was acquired by Verint Systems in April 2014.

Business overview

U-TX Technologies is an R&D company that provides technological solutions for the cellular telecommunications market. The company develops, manufactures, and delivers wireless solutions for governments, law enforcement agencies, search and rescue organizations, and enterprises. Its core products include MyNET, which enables first responders to create ad-hoc networks for immediate communication during disaster relief, and Secure Site and Sentry. U-TX Technologies operates within the Business Software sector, focusing on IT & Network Management, and serves global markets with B2B and B2G business models.

Strategic signal

In April 2014, U-TX Technologies was acquired by Verint Systems. This acquisition signals a strategic integration of U-TX's cellular telecommunication and wireless solutions into a larger enterprise, validating its technology and market relevance in providing specialized communication tools for government and law enforcement agencies.

Company Intelligence Q&A

What is U-TX Technologies' primary focus?

U-TX Technologies focuses on providing technological solutions for the cellular telecommunications market, developing and delivering wireless solutions for governments, law enforcement agencies, search and rescue organizations, and enterprises.

When was U-TX Technologies founded?

U-TX Technologies was founded in January 2002.

What was a significant corporate milestone for U-TX Technologies?

U-TX Technologies was acquired by Verint Systems in April 2014 for $83 million, as reported by Globes.

What is the MyNET product?

MyNET is a U-TX Technologies product that allows first responders to create an ad-hoc network for government agencies involved with disaster relief, enabling immediate and effective communication.

In which sectors does U-TX Technologies operate?

U-TX Technologies primarily operates in the Business Software sector, with a focus on IT & Network Management, and targets communication services, enterprise, and government customers.