Technology | 2010.08.21
Alanco Completes Divestiture of TSI PRISM Subsidiary; Refocused Alanco/StarTrak On Pace to Grow Over 35% in FY11 With Revenues Exceeding $20 Million and Positive EBITDA
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Alanco Technologies, Inc. (NASDAQ: ALAN) today announced completion of its strategic asset divestiture program with the sale of subsidiary Alanco/TSI PRISM, Inc., located in Scottsdale, Arizona. The assets and business of TSI PRISM, a provider of RFID inmate tracking technology to the corrections market, was purchased by Black Creek Integrated Systems, a private company located in Irondale, Alabama. The transaction, which closed on August 17, 2010, consisted o
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