3M to Acquire Mercury Online Solutions Inc.; Digital Signage Technology Complements Printed Graphics Business.ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn. -- 3M announced today it has entered into a definitive agreement to acquire Mercury Online Solutions Inc., a provider of hardware and software technologies and network management services for digital signage Digital signage is a form of out-of-home advertising in which content and messages displayed on an electronic screen, or digital sign, can be changed without modification to the physical sign, typically with the goal of delivering targeted messages to specific locations at and interactive kiosk An Interactive kiosk is a computer terminal that provides information access via electronic methods. Interactive kiosks sometimes resemble telephone booths, but can also be used while sitting on a bench or chair. networks. Terms of the transaction were not disclosed. Digital signage networks enable centrally controlled delivery of digital content to vast networks of display screens and interactive kiosks. The trend toward in-store digital signage networks is accelerating driven by the desire to improve shopping experiences and influence purchase decisions by providing relevant information and promotional messaging nearer to the product shelf where purchase decisions are made. This acquisition accelerates 3M's entry into the rapidly growing digital signage network marketplace. "The addition of Mercury Online Solutions Inc.'s digital signage networks is a natural extension of 3M's existing graphics business and allows us to use our global services platform," said Robert Doughty dough·ty adj. dough·ti·er, dough·ti·est Marked by stouthearted courage; brave. [Middle English, from Old English dohtig; see dheugh- in Indo-European roots. , division vice president, 3M Commercial Graphics Division. Mercury Online Solutions Inc. offers industry-leading network reliability, a portfolio of proprietary hardware and the entire suite of FRED brand software products. In addition, Mercury Online Solutions Inc. provides an array of network design and management services including system consulting and design, implementation, monitoring and remote diagnostics Vehicle Diagnostics Vehicle diagnostics enables a mechanic to diagnose the exact mechanical condition of the vehicle and its systems and components. Remote Diagnostics enables to perform such diagnosis without requiring the vehicle to physically be present for checkup. , technical support and service, and content hosting. "Mercury Online Solutions Inc.'s industry leadership, along with the quantity, variety and geographic diversity of the present digital signage opportunities, indicate that the industry has outgrown its founders," said John Eisenhauer, president and founder, Mercury Online Solutions Inc. "3M's global reach and commitment to innovation will drive a dramatic and positive evolution within the industry based on synergies in our skills, processes, values and vision." The acquisition is expected to close in August subject to customary closing conditions. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. The statements contained in this press release that are not purely historical are forward-looking statements, including statements regarding 3M's and Mercury Online Solutions Inc.'s expectations, beliefs, hopes, intentions or strategies regarding the future. All forward-looking statements included in this press release are based upon information available to the companies as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" , and the companies assume no obligation to update any such forward-looking statement. About Mercury Online Solutions Inc. A pioneer in the digital signage network industry, Mercury Online Solutions Inc. is a provider of highly reliable, large-scale digital signage network solutions, including dynamic signage and interactive kiosks that build brands and create competitive advantages for businesses and organizations of every size. Based in Bainbridge Island, Wash., it employs approximately 30 people. About 3M -- A Global, Diversified diversified (di·verˑ·s Technology Company Every day, 3M people find new ways to make amazing a·maze v. a·mazed, a·maz·ing, a·maz·es v.tr. 1. To affect with great wonder; astonish. See Synonyms at surprise. 2. Obsolete To bewilder; perplex. v.intr. things happen. Wherever they are, whatever they do, the company's customers know they can rely on 3M to help make their lives better. 3M's brands include Scotch scotch 1 tr.v. scotched, scotch·ing, scotch·es 1. To put an abrupt end to: The prime minister scotched the rumors of her illness with a public appearance. 2. , Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti. Serving customers in more than 200 countries around the world, the company's 67,000 people use their expertise, technologies and global strength to lead in major markets including consumer and office; display and graphics; electronics and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. ; safety, security and protection services; health care; industrial and transportation. For more information, including the latest product and technology news, visit www.3M.com. 3M, Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti are trademarks of 3M. FRED is a trademark of Mercury Online Solutions Inc. |
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