立石为私人应急预警系统制造商LogicMark出售予于纳斯达克上市的NXT-ID提供咨询
Livingstone’s Media & Technology sector team has advised the shareholders of LogicMark, LLC on the sale of the business to NXT-ID, Inc. (NASDAQ: NXTD).
Founded in 2006, LogicMark, , is a leading provider of personal emergency response devices (“PERS”) sold through healthcare, security, and direct-to-consumer channels. The company is well-regarded for offering both monitored and non-monitored products under the CareTaker Sentry, Guardian Alert, and Freedom Alert brands. Consumers rely on LogicMark’s products to communicate with first responders, caretakers, and family members in times of emergency. LogicMark was backed by Promus Equity Partners and Generation 3 Capital, among others, and led by former senior executives of Honeywell’s security business.
NXT-ID, Inc. is an emerging growth technology company focused on products, solutions, and services for security on mobile devices with core technologies consisting of those that support digital payments, biometric identification, encryption, sensors, and miniaturization. NXT-ID, Inc. plans to integrate its voice biometric technology as well as fall detection sensors and miniaturisation skills to future generations of LogicMark products.
Kevin O’Connor, President of LogicMark, said: “We are excited to become a part of NXT-ID, and leverage their technology and channel partnerships to expand our product portfolio and markets. Livingstone used its sector expertise to creatively position LogicMark, and bring buyers from different sectors to the table including Consumer, Healthcare and Security.”
Andrew Bozzelli, Managing Director at Livingstone, commented: “The potential buyer universe for LogicMark didn’t fit neatly into one specific sector box, so we needed to tailor the positioning and key investment considerations on a buyer-by-buyer basis. The successful closing was a direct result of this creative, artisanal approach.”
Andrew Isgrig, Partner at Livingstone, added: “This is a great example of Livingstone’s sector expertise across the Security Products, Sensor based technologies and Healthcare technology sectors. We are excited for our client NXT-ID as together, they are in an excellent position to further capitalise on an increasing market segment with excellent demographic growth drivers and technology convergence.”
LogicMark marks the 35th transaction closed year-to-date and adds to the firm’s extensive resume of transactions across our core sectors of Business Services, Consumer, Healthcare, Industrial, and Media & Technology.
