Polaris Wireless, a privately-held company that supplies high-accuracy, software-based wireless location solutions to wireless operators, law enforcement/government agencies and location-based application companies, announced a record increase in revenue and profitability in 2012, where revenue grew 79 percent year-over-year, and profitability (as measured by EBITDA) increased six-fold.
Polaris Wireless said its strong results reflect sustained returns on new sales bookings starting in 2011. Twenty-four U.S. wireless carriers, six managed services partners, and fifteen international deployments now rely on Polaris Wireless location solutions to enable emergency call applications, lawful and mass location surveillance, and other location-based services.
“In 2012 Polaris Wireless continued its upward trajectory as it solidified its position as the foremost provider of high-accuracy wireless location solutions for mission critical applications,” said Manlio Allegra, president, CEO and co-founder of Polaris Wireless. “We have been recognized by law enforcement and other government agencies, as well as by business media and industry analysts, as the leader in our field, a role we intend to continue to occupy in 2013 and beyond.”
