Radius Networks Acquires Mobile Messaging Provider 4DK

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Leader in mobile proximity services, Radius Networks, announces acquisition of all substantial assets of context-aware mobile messaging provider 4DK.

Radius Networks, Inc., the leading provider of mobile proximity services, today announced that it has finalized the purchase of all substantial assets of 4DK, Inc., a leading provider of context-aware, mobile messaging services.

Radius Networks will use the 4DK mobile messaging capabilities to extend its proximity service offerings and enable partners to engage their customers through additional mobile messaging channels, such as push messages, text and email.

In conjunction with the acquisition, Timothy Donahue, former Executive Chairman at Sprint Nextel Corporation and CEO of Nextel Communications, has joined the Radius Networks Board of Directors.

“The acquisition of 4DK further expands our proximity engagement capabilities and represents Radius Networks' commitment to offering a comprehensive, yet flexible, technology stack to our partners and customers,” said Marc Wallace, CEO and Co-Founder of Radius Networks, Inc. “Also, Tim joining the Radius Networks team is a major plus for us. Tim brings tremendous experience and leadership to our board,” Wallace added.

“Radius Networks’ technology innovation and ability to execute has established this team as a leader in the location and proximity services market. By incorporating 4DK's patented SuperConnectivity platform, Radius Networks is now uniquely capable of delivering the most comprehensive set of capabilities for launching, managing and measuring mobile engagement campaigns based on mobile proximity and location-awareness,” remarked David Steinberg, Radius Networks’ Chairman.

About Radius Networks
Radius Networks creates new and innovative ways to use wireless device signals for proximity and presence detection. Radius Networks’ cloud-based proximity services and products are used by mobile developers, major retailers, restaurant chains, sports complexes and other companies to drive innovative customer engagement and experiences. For more information, visit http://radiusnetworks.com or follow Radius Networks at @radiusnetworks.

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