Move further strengthens GENBAND’s leadership position in high-growth Cable market
Frisco, Texas, January 4, 2011 – GENBAND, a leading developer of IP infrastructure and applications solutions, today announced that the company has signed a definitive agreement to acquire Cedar Point Communications, a worldwide leader in IP switching solutions for cable providers. The transaction is expected to close in January 2011, and is subject to customary approvals and closing conditions.
By acquiring Cedar Point, GENBAND will increase its existing market-leading position in cable VoIP and will add Cedar Point’s IP switching solutions to its product portfolio. With 7.5 million lines in service globally, Cedar Point will also add major tier 1 customers to GENBAND’s broad customer base.
“This acquisition will not only increase our cable market-share, but it will also enhance our overall offering to meet the unique and demanding requirements of the high-growth cable market,” said Charlie Vogt, Chief Executive Officer of GENBAND. “Our combined vision of bringing advanced SIP and multimedia services to the cable market is one of the key drivers for this transaction, particularly as cable operators transition to IP. We look forward to supporting Cedar Point’s outstanding customer base with what will now be an even more comprehensive portfolio of solutions.”
Cedar Point solutions support residential and business services across a diverse customer base that includes leading cable system operators such as Comcast, Liberty, Charter and Kabel Deutschland. In addition to cable, Cedar Point serves CLECs, wireless operators and universities.
“GENBAND’s offerings for network transformation are unrivaled as is their leadership in IP switching, applications and networking,” said JC Murphy, President and CEO, Cedar Point Communications. “I am confident that our customer base will benefit greatly from GENBAND’s global scale, reach and vast service capabilities. GENBAND’s expanded portfolio will accelerate the introduction of new value-added services and network transformation across the cable landscape.”
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.
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.
About Cedar Point Communications
Cedar Point Communications’ integrated switching platform enables the scalable, simplified and cost-effective delivery of VoIP and multimedia communication services for service providers and network operators. Designed to provide superior performance and reliability, while increasing network integrity, security and privacy, Cedar Point’s products support a full range of carrier-class telecommunications, including legacy circuit, NCS, SIP-based and PC 2.0/IMS voice services. The company is based in Derry, NH with its European headquarters in Meersburg, Germany. For more information, please visit www.cedarpointcom.com.