ORBCOMM is a global provider of Machine-to-Machine (M2M) and Internet-of-Things (IOT) communications solutions. Using a network of low-earth orbit (LEO) satellites, accompanying ground infrastructure and the Inmarsat global L-band satellite network and Tier One cellular partners, ORBCOMM’s low-cost and reliable two-way data communications services track, monitor and control mobile and fixed assets in its core markets: commercial transportation; heavy equipment; industrial fixed assets; and marine and homeland security. In 2015, ORBCOMM reached more than 1,300,000 billable subscribers and successfully launched 11 OG2 LEO satellites.
Rochelle Park, NJ
Northwood first invested in a post-bankruptcy financing in 2001 and made several follow-on investments. ORBCOMM completed its initial public offering in November 2006, raising $101 million, and subsequently completed several secondary offerings. Northwood sold its position through open market sales. (NASDAQ:ORBC) orbcomm.com