ATX Drops Out of Race

Forbes: Forget ATX Group ATX Group of Irving, Tex., provides what it calls “telematics services” to the auto industry. In plain English, that’s two-way voice and data service, including voice-activated emergency response, between a subscriber’s car and the company’s centers via satellite link.

In plainer English, think OnStar, which is owned by GM. Forbes also noted that “ATX Group is a solid company in a growing sector, but a risky IPO.” Apparently, the company agreed and withdrew its IPO, citing “adverse market conditions.” I’ve posted ATX contracts with BMW and Mercedes-Benz, as well as some employment agreements.