ORBCOMM, Inc

Company

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.

Location

Rochelle Park, NJ

Sector

Communications

Position

Realized

Strategy

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