GENBAND Signs Agreement to Spin Out Taqua Business
May 14, 2007, Plano, TX - GENBAND™ Inc., a market-leading developer of next-generation IP gateways and application solutions, today announced it has signed and closed a definitive agreement with the leadership team responsible for managing the T7000 product family at GENBAND, formally Tekelec.
As part of the recent acquisition of the Tekelec’s Switching Solutions Group, GENBAND acquired the Tekelec 7000 product line, formally Taqua. In an effort to provide the optimum long-term sales, marketing, R&D and support to existing and prospective T7000 customers, GENBAND is spinning out the T7000 business to the new Taqua. Many of the new management and employees have been affiliated with Taqua since its inception in 1999.
“We are confident that the Taqua management team and its employees have the sufficient depth to effectively operate and grow the Taqua business, which has been our primary focus for this transaction,” said Charles Vogt, president and CEO of GENBAND.
About Taqua, Inc.
Founded in 1998, Taqua developed the industry's first fully integrated next-generation Class 5 switch – the Taqua 7000 Switching System (T7000). With over 250 deployments at incumbent and competitive carriers in North America, the T7000 enables lower switching deployment and operational costs, while delivering new services. Based on a "switch-on-a-card" design, the T7000 interface card performs all of the functions required of a Class 4/5 switch, thereby significantly increasing reliability and simplifying implementation. The T7000 can be used in Enhanced VoIP, Intelligent Gateway, Class 4/5 Transition, Triple Play and/or Cable Telephony applications. The T7000 supports a wide variety of protocols including SS7, SIP, MGCP, GR-303, CAS, NCS, PRI and others over line, trunk or IP interfaces.
About GENBAND
GENBAND is a leading supplier of next generation IP gateway and application solutions. These high-performance gateway and application platforms enable wired, wireless, 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. Additional information is available at www.genband.com.
Contacts:
Frederick Reynolds
GENBAND Inc.
+1.972.521.5830
Frederick.Reynolds@genband.com
