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 Jurgen 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.
