Market Watch:
Sunrise Telecom® Incorporated, a leader in test and measurement solutions for telecom, wireless and cable networks, today announced that it has signed a definitive agreement to sell its Italy based Protocol Products Group (PPG) to LTE Innovations, a leading OSS consulting organization for the telecom industry for approximately 8 million euros, roughly $10 million in cash. The transaction is expected to close in the fourth quarter of 2008. The completion of the transaction is subject to customary closing conditions.
Sunrise Telecom’s PPG division is well known for its 3GMaster and NeTracker protocol analyzer solutions, though most recently, its Traffic Analysis and Monitoring System (TAMS) and Mobile X-Ray Mobile Data Services analysis platform have gained worldwide recognition as dominant monitoring and troubleshooting platforms for advanced telecom environments.
The companies will be working together during the coming months to create a new entity focusing on the growing market for Customer Service Assurance solutions, which allow wireless and wireline operators to manage next-generation voice and data services over converged network infrastructures.
Sunrise Telecom develops and delivers high-quality communications test and measurement solutions for telecom, cable and wireless networks. The Company’s robust portfolio of feature-rich, easy-to-use products enables service providers to deliver premium voice, video, data and next-generation digital multimedia services quickly, reliably, and cost-effectively. Based in San Jose, California, Sunrise Telecom distributes its products through a direct sales force and a global network of sales representatives and distributors.
Logo from Sunrise Telecom.