Acquisition of ANDA Networks, Inc.
Apr 21, 2011
BATM is pleased to announce that its wholly owned subsidiary, Telco Systems Inc., has acquired the major assets and intellectual property of ANDA Networks, Inc. ("Anda Networks" or "Anda") the leader in carrier-class access platforms for wireline networks and mobile data backhaul applications. The acquisition will be satisfied in cash for a maximum consideration of $2.5million (subject to certain conditions on inventory).
ANDA Networks provides carrier-grade Ethernet access platforms capable of meeting stringent business Ethernet and mobile backhaul service requirements for service providers, mobile operators and cable multiple system operators ("MSOs").
ANDA currently has an installed base of over 30,000 system platforms, primarily in North America. The combination of ANDA's Ethernet access products and BATM's existing edge switching and mobile backhaul aggregation solutions, means that the Company can offer a fully integrated range of carrier class Ethernet equipment.
Dr Zvi Marom, Chief Executive, of BATM stated: "ANDA has built an excellent reputation in a short space of time. Their product suite complements our existing technology and the combination will offer a unique set of carrier class products to our global customer base."
BATM Advanced Communications Ltd
Dr Zvi Marom, Chief Executive
+972 9866 2525
Josh Royston / Graham Herring
020 7653 9850
Singer Capital Markets Ltd
Shaun Dobson / Matthew Thomas
020 3205 7626
020 7408 4090