GENBAND Reaches Agreement with Nokia Siemens Networks to be Preferred Supplier of Fixed Line Trunking Media Gateways
GENBAND to Acquire Fixed Line Trunking Media Gateway
Product Units from Nokia Siemens Networks
April 14, 2008, Plano, TX - GENBAND Inc., a market-leading developer of next-generation IP gateways, today announced it has reached a five-year OEM agreement with Nokia Siemens Networks to be the preferred supplier of trunking media gateways for their global fixed network market. The companies have also reached a definitive agreement for GENBAND to acquire Nokia Siemens Networks’ SURPASS hiG fixed line trunking media gateway product line.
The acquisition of these media gateway products will further strengthen GENBAND’s position in the fixed network gateway market and expand the company’s international reach, especially in the APAC and CALA regions. GENBAND will also attain a team in Brazil, focused on hiG research and development, program- and product management.
“This OEM partnership significantly increases GENBAND’s global addressable market,” said Jeff Ogle, Senior Analyst CIPT, Current Analysis. “This, coupled with GENBAND’s existing strategic relationships and recent momentum with Tier 1 equipment providers, positions them as a preferred media gateway supplier in multiple markets around the globe.”
Under the terms of the agreement, Nokia Siemens Networks will continue with its fixed core networks solution portfolio and provide service and support to its current installed base and future customers.
“The asset transfer is part of Nokia Siemens Networks’ strategy to focus on core competencies and through partnering strengthen our fixed core network solution portfolio,” said Jürgen Walter, head of Nokia Siemens Networks’ Converged Core Business Unit. “Combining both R&D organizations is a great way to improve our competitiveness whilst optimizing synergies in this area. GENBAND’s expertise in Media Gateways will enable us to offer customers a broader range of products for this important market segment.”
“There is tremendous strategic value for our company to partner with one of the largest telecommunications equipment providers in the world,” said Charlie Vogt, GENBAND’s president and CEO. “We are excited to further expand our base of IP gateways and are committed to evolving today’s central offices by delivering flexible, cost-effective gateway solutions to service providers around the globe.”
Both companies are committed to ensuring a smooth transition for both customers and employees and will continue to explore new market opportunities.
About Nokia Siemens Networks
Nokia Siemens Networks is a leading global enabler of communications services. The company provides a complete, well-balanced product portfolio of mobile and fixed network infrastructure solutions and addresses the growing demand for services with 20,000 service professionals worldwide. Nokia Siemens Networks is one of the largest telecommunication infrastructure companies with operations in 150 countries. The company is headquartered in Espoo, Finland. www.nokiasiemensnetworks.com
About GENBAND
GENBAND is a leading supplier of next-generation IP gateway and application solutions. These high-performance gateway and application platforms enable fixed wireline, mobile, and cable network service providers to rapidly deploy new multimedia services. Headquartered in Plano, Texas, GENBAND has research and development facilities in Texas, China, and India. www.genband.com.
Frank Puglia
GENBAND
+1.972.265.3612
frank.puglia@genband.com
Kim Lee
GENBAND
+1.972.265.3766
kim.lee@genband.com
