Wednesday, March 21, 2007

PanGo to Merge with InnerWireless - Framingham, MA

PanGo Networks, a Framingham-based provider of asset tracking and radio frequency identification (RFID) technology, has agreed to merge with InnerWireless, a Texas-based provider of technology for wireless tracking of people and assets inside large commercial, healthcare and government buildings. Financial terms between the two privately held firms were not disclosed. In connection with the deal, PanGo said that its investor group has joined InnerWireless' existing investors in follow-on funding.


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