News

Wireless Ronin to acquire McGill Digital Solutions

August 1, 2007

MINNEAPOLIS — Wireless Ronin Technologies Inc., a Minneapolis-based digital signage solutions provider, announced that it has entered into an agreement to acquire privately held McGill Digital Solutions Inc. Based in Windsor, Ontario Canada, McGill is a provider of custom interactive software solutions, used primarily for e-learning and digital signage applications.

"This is an exciting opportunity," said Jeffrey Mack, Wireless Ronin's chairman, president and chief executive officer. "The ROI requirements that have been placed on digital signage programs are very high in this competitive environment. The ability to incorporate training and other onsite benefits will be one more way of leveraging our technology for our clients to increase the value added by a RoninCast digital signage network and differentiate our product offering."

First incorporated in 1987, McGill has a strong legacy within the automotive market. The company has developed thousands of e-learning, e-performance support and e-marketing solutions to help companies train, motivate, and sell. McGill also has a strong Web development and marketing business that complements its product offerings.

Under the terms of the agreement, Wireless Ronin will acquire McGill for a combination of cash and securities. Wireless Ronin will make contingent milestone payments, based on future revenue generation and other benchmarks. No additional terms of the acquisition were disclosed at this time.