GENBAND Completes Acquisition of Cedar Point Communications
Strengthens No. 1 global leadership position in Cable market
Frisco, Texas, Jan. 14, 2011 – GENBAND, 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. 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, Chief Executive 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, 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.
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