[February 14, 2012]

NewNet Announces Ambitious Plans for WiMAX Business

NewNet (News - Alert) Communication Technologies LLC, announced today its plans to evolve the WiMAX product portfolio to increase market penetration in existing segments and address additional untapped market verticals. The company also announced that the WiMAX product portfolio will form the basis of a new Telecom Infrastructure Business Unit to be led by Scott Morrison, formerly of the Nokia Siemens Networks (News - Alert) WiMAX team.

NewNet has a successful track record of acquiring businesses and providing additional investments required to address the evolving needs of our customer base. NewNet has gained a strong position in the WiMAX (News - Alert) market after this acquisition, with a team that brings broad product support, service experience and expertise in WiMAX technology.

"We are going to maximize the potential of the WiMAX technology and product portfolio," said Ron Pyles, CEO and President at NewNet. "WiMAX is a field proven technology and there are multiple emerging growth industries that require the quick deployment and attractive cost efficiencies inherent in WiMAX. We will aggressively pursue these emerging growth market segments including innovative Smart Grid solutions and next generation public safety networks. We also recognize that there is growing global demand for high quality, cost effective wireless and mobile broadband solutions that have a fast time to market, and we are very well positioned to exploit this significant market opportunity."

"The market should see NewNet's WiMAX acquisition as a positive sign. This acquisition is a vote of confidence by the vendor in this 4G technology," said Ovum Principal Analyst, Daryl Schoolar (News - Alert). "Applications still remain for WiMAX deployments such as DSL replacement and specific industry vertical applications like security monitoring. For companies looking to deploy WiMAX, NewNet's acquisition wil provide them with another committed supporter of this technology."

"The team and I are very pleased to have the opportunity to be a part of the NewNet organization and contribute to the evolution of the WiMAX technology and product portfolio," said Scott Morrison, EVP and President of the Telecom Infrastructure business unit. "NewNet gains a strong position in the WiMAX market with this product portfolio. We will harness the expertise of our highly skilled team to revitalize this proven 4G solution and become a major provider of end to end WiMAX solutions in the market."

The acquisition establishes NewNet as a leading provider of end to end WiMAX products and services and also expands NewNet's customer footprint across the globe, with service and support responsibilities for over 40 customers across 27 countries. NewNet will be engaging with its existing customers as well as other market leaders to define and deliver a comprehensive roadmap for its WiMAX products.

NewNet will be showcasing and demonstrating WiMAX and its mobile payment solutions portfolio at the upcoming Mobile World Congress (News - Alert), to be held in Barcelona from February 27 to March 1, in Hall 8 Booth 8A169.

About NewNet Communication Technologies, LLC

NewNet Communication Technologies, LLC is a leading provider of innovative solutions for next generation mobile and fixed line networks. NewNet enables global telecom operators and equipment manufacturers to rapidly develop and deploy cutting edge, revenue-generating applications that deliver feature-rich, value added services. Recognized as a trusted leader in the carrier applications market for over 20 years, NewNet has been synonymous with telecom product excellence and development expertise. The company is committed to providing unparalleled service to its customers. With installations in major carrier networks in over 70 countries, NewNet's product offerings include: The WiMAX end to end wireless broadband product portfolio; TraxcomSecure^® electronic transaction processing solutions, which deliver services such as mobile payments, e-banking, and e-commerce; Mercury, the industry's most complete purpose-built, mobile multimedia content delivery platform; and the Total Control PDSN platform, which provides economic delivery of premium mobile data services in CDMA networks. Other products include Distributed7, the world's first standards-based signaling platform, and a short message service canter (SMSC), which has been deployed in more than 200 wireless networks worldwide. The company is headquartered in the USA, with sales and support teams located around the world. For more information, visit www.newnet.com.

About Skyview Capital, LLC

Skyview Capital, LLC, is a private investment firm headquartered in Beverly Hills, California, which specializes in the acquisition and management of "systems critical" businesses in the areas of technology, telecommunications, business services, and niche manufacturing. By leveraging its operational capabilities and financial strength, Skyview systematically enhances the long-term value of the companies it acquires. For more information, visit www.skyviewcapital.com.

[ Back To TMCnet.com's Homepage ]