Tony Holcombe Joins Numerex Board of Directors

Tony Holcombe Joins Numerex Board of Directors - Sep 27, 2011

ATLANTA, Sept. 27, 2011 /PRNewswire/ -- Numerex Corp. (NASDAQ: NMRX), a leading provider of business services, technology, and products for the worldwide machine-to-machine (M2M) market, today announced that Mr. Tony Holcombe has been appointed to its Board of Directors, effective October 1, 2011. Currently, Mr. Holcombe is Vice Chairman of the Board of Directors of Syniverse, where he served as that company's President and CEO from 2006 until his retirement earlier this year. He has been a member of the Syniverse Board since 2003.

"On behalf of the Board of Directors, I welcome Tony to Numerex," said Stratton Nicolaides, chairman and CEO of Numerex. "His extensive knowledge and operating experience in providing technology and business services globally to enterprise and wireless network operators will undoubtedly prove tremendously valuable to the Company."

Mr. Holcombe joins Numerex as the seventh member of Numerex's board of directors. During his five years as President and CEO of Syniverse, Mr. Holcombe's many accomplishments included diversifying the business through three major acquisitions; defining a strategic vision that transformed Syniverse from a roaming and clearing house supplier serving carriers in North America to a key member of the mobile ecosystem providing diverse roaming, messaging, and network services to more than 900 mobile operators, cable and internet service providers and enterprises worldwide; and leading the acquisition of the NYSE-traded company by The Carlyle Group in January 2011 for $2.6 billion. Before becoming Syniverse's President and CEO, Mr. Holcombe served as President of Emdeon Corp., formerly WebMD. Mr. Holcombe has more than 20 years of executive-level experience in the transaction processing and technology services industries. He was chief executive officer of Valutec Card Solutions and served in various executive positions at Ceridian Corporation. He currently serves on the Board of Advisors for the Robinson College of Business at Georgia State University.