On Wednesday, Aliso Viejo’s Networks in Motion Inc. reported of having being acquired by Annapolis, Md.-based TeleCommunication Systems Inc. The amount stated for the acquisition is $170 million in cash, stock and debt. Aliso Viejo’s Networks in Motion Inc is known for making navigation and local search software for mobile devices. They also offer location-based services for wireless phones and hand held devices.

The software allows you to access maps and driving directions. You can also search for local businesses, movies, review and local events. The newer version comes with an added advantage for parents. The “child trackers” facility will allow parents to keep an eye on their kids through their phone. The newer version also hits on a feature like friend finders through social networking.

TeleCommunication Systems Inc. has a recent market value of $435 million with annual sales of about $300 million. They work for both government and commercial customers by making text messages and offering them location-based services. Their government customers include the Defense Department and local law enforcement agencies whereas Motorola Inc. and Alcatel-Lucent of France are their commercial customers. Networks in Motion also have a long list of customers including Verizon Wireless and many other big wireless service providers.

According to Doug Antone, Chief Executive of Networks in Motion, the acquisition will act as a platform for them to move towards their goals of being a leader in location-based services. By the end of the year 2009, the deal is expected to be closed. No information regarding the future plans of the company were provided as a spokesperson refused to reveal anything about what TCS holds for Networks in Motion’s local office and managers.

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