NEWS

CenTrak Acquires Elpas

CenTrak Bolsters Security Solutions offering through Elpas Acquisition

Market leading IoT provider expands Security Solutions portfolio and international presence via acquisition of select assets of Elpas from Johnson Controls

(Newtown, PA– September 24, 2018) – CenTrak, Inc. announced today the acquisition of select assets of Elpas Solutions Ltd., an indirect Safety & Security subsidiary of Johnson Controls International Plc. The transaction will strengthen CenTrak’s market-leading IoT Location, Security and Sensing offering. The Elpas team has more than twenty years of technology experience related to Security Solutions including over twenty-five patents. Elpas technology has been installed in hundreds of healthcare, manufacturing and correctional facilities throughout the Americas and Europe.

Current Elpas customers can continue to receive support, install new systems and expansions from the Elpas Partner Network. Johnson Controls International will provide support until June 14, 2019 as indicated in the previous announcements from Elpas.

In the coming months, CenTrak will begin the effort to incorporate unique patented innovations into the next version of CenTrak’s platform. These enhancements will further differentiate CenTrak’s infant protection, wireless call, staff duress, man down and wander management capabilities. It is anticipated that CenTrak’s platform, once enhanced with Elpas technologies, will further expand the breadth of IoT use cases, and open doors to new markets.

“We anticipate the Elpas acquisition will raise the bar for Location, Security and Sensory services,” said CenTrak’s President and CEO, Ari Naim. “The transaction brings together an exceptional team and technology, which we will incorporate into CenTrak’s market leading offering.”

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About CenTrak

CenTrak improves healthcare operational efficiency and the quality of patient care via the industry’s most robust and scalable Enterprise Location Services™ offering. Ranked #1 as the 2017 and 2018 KLAS Category Leader for Real-Time Location Systems (RTLS), CenTrak’s technology supports high velocity updates and sub-room level accuracy across the entire healthcare enterprise. In its mission to transform patient care, CenTrak helps world-class healthcare facilities increase productivity, streamline workflows, drive higher patient and staff satisfaction and reduce costs. For more information, visit CenTrak.com.

CenTrak®, Enterprise Location Services™ are registered trademarks of CenTrak, Inc.

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