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Barcoding and DecisionPoint Systems (DPSI) have merged, creating a new holding company, DecisionPoint Technologies. The merger, finalized on July 5, 2024, brings together the supply chain automation and POS technology capabilities of both companies, enhancing their market presence across North America. Barcoding specializes in supply chain optimization, while DPSI focuses on enterprise mobility solutions. This strategic union aims to offer expanded solutions and services to retail, supply chain, and other industries, leveraging their combined expertise. The new entity is expected to benefit from enhanced operational scale, geographic reach, and a stronger value proposition for OEM partners.
DecisionPoint Systems (NYSE: DPSI) announced its Q1 2024 financial results, highlighting the impact of the absence of large hardware projects but showing improved gross margins due to a shift towards services and software.
The company reduced its debt by over $1.6 million and increased cash by $1.5 million. Key developments include the introduction of PointCare services and securing a significant managed services contract with a leading C-store chain, expanding recurring revenue.
DecisionPoint plans to launch new services under StoreCare and SiteCare brands in Q2 2024. The company will not host a conference call this quarter due to its impending transaction with Graham and Barcoding, which is expected to close in July.
Barcoding, Inc. announced a merger agreement with DecisionPoint Systems, Inc. to expand its presence in North America.
The merger will create a business of scale in supply chain automation, incorporating Point-of-Sale technologies.
Barcoding aims to enhance offerings and better serve enterprise customers in retail and supply chain sectors.
DecisionPoint Systems, Inc. (NYSE American: DPSI) announced a merger with Barcoding Holdings, in an all-cash transaction. Shareholders will receive $10.22 per share, representing a 27% premium. The merger aims to create an integrator of scale in supply chain automation, enhancing customer value propositions and expanding service offerings. The transaction is expected to close in July 2024.
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