|[January 14, 2011]
GENBAND Completes Acquisition of Cedar Point Communications
FRISCO, Texas --(Business Wire)--
GENBAND (News - Alert), a leading developer of IP infrastructure and application
solutions, today announced the completion of its acquisition of Cedar
Point Communications, a worldwide leader in IP switching solutions for
cable service providers.
On Jan. 4, GENBAND announced the signing of a definitive agreement to
acquire the Derry, New Hampshire-based Cedar Point Communications (News - Alert). Cedar
Point increases GENBAND's existing market-leading position in cable VoIP
and adds Cedar Point's IP switching solutions to its product portfolio.
GENBAND also gains major tier 1 customers through Cedar Point's 7.5
million lines in service globally.
"We are pleased to have quickly completed the Cedar Point acquisition
and are now focused on executing our integration plan as we have done so
successfully with our past strategic acquisitions," said Charlie Vogt (News - Alert),
ChiefExecutive Officer of GENBAND. "We look forward to supporting the
needs of the Cedar Point customer base, ensuring continuity while also
providing a comprehensive portfolio of solutions for the future."
GENBAND's solutions enable cable operators to provide secure, scalable
and competitive multimedia services to both residential and enterprise
customers, with a portfolio that includes Applications, Call Control,
Media Gateways, Traffic/Policy Management and Session Border
Controllers. From Cedar Point, GENBAND gains additional solutions
supporting residential and business services across a diverse customer
base that includes leading cable system operators such as Comcast (News - Alert),
Liberty, Charter and Kabel Deutschland. In addition to cable, Cedar
Point serves CLECs, wireless operators and universities.
GENBAND is a global leader of IP infrastructure and application
solutions, enabling fixed, mobile and cable service providers around the
world to evolve communications networks through IP innovation. The
Company offers market-leading Switching, Applications, Networking and
Service solutions, with products deployed in over 600 customer networks
spanning more than 80 countries. GENBAND is headquartered in Frisco,
Texas, and has operations in 50 countries. To learn more, visit us on
the web at www.genband.com.
GENBAND, the GENBAND logo and icon are trademarks of GENBAND.
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