Tern completes acquisition of Wyld Research for £78,000
StockMarketWire.com - Tern completed the acquisition of the assets, including the intellectual property, of Wyld Research for £78,000 and 10% of Wyld Technologies.
Gene Myers, the founder and CEO of Wyld, will become the Chief Technical Officer of Wyld Technologies.
Wyld Technologies is forecast to achieve revenues of approximately £350,000 in its first year.
Wyld has developed a proven mesh networking software platform.
Mobile mesh networks can be thought of as a collection of nodes where each node is directly connected to other nearby nodes.
These nodes, such as mobile phones and devices, not only send and receive data, but also relay data on behalf of the network, extending the reach of the network beyond the directly connected devices.
A failure of one device does not cause a break in the network or transmission of data.
Adding additional devices does not disrupt data transmission between other devices and it can handle high amounts of traffic, because multiple devices can transmit data simultaneously.
Mesh networks also operate in environments where traditional wireless (WIFI) networks are not viable.
Story provided by StockMarketWire.com