This quick expansion phase resulted in SkyBitz being named to Inc. 5000 for five consecutive years from 2007 to 2011. It also drew the attention of Telular Corporation, an American company that utilizes wireless technology to provide security alarm systems and liquid tank level monitoring. Telular, under CEO Joseph Beatty, acquired SkyBitz in December 2012 for a purchase price of $42 million ($35 million cash and $7 million newly issued shares of common stock). The acquisition increased the size of Telular by about 70 percent and created the largest "oure player" asset tracking and management company in the world. Former Senior Vice President of Sales Henry Popplewell was named Senior Vice President and General Manager of SkyBitz. In 2013 Telular was sold to private equity firm Avista Capital Partners through a tender offer for all outstanding shares of Telular stock at a 31 percent premium. Beatty stepped down as CEO in conjunction with the deal. Doug Milner was named CEO of Telular Corporation in August 2013.