Feb 11, 2008 08:05 ETTurin Networks Completes Acquisition of Carrier Access
Expanded Solutions Portfolio and Customer Base Strengthens Turin's Status as an Industry Leader
PETALUMA, CA--(http://momentumstockinvestor.blogspot.com) - Turin Networks, Inc. today announced (Press Release) that it has successfully completed the acquisition of Carrier Access Corp., a leading provider of wireless backhaul optimization and converged access solutions. The integration of Carrier Access strengthens Turin Networks' status as a leading supplier of network solutions for wireless and wireline network operators worldwide.
The new company offers customers an expanded solution portfolio that merges Carrier Access' leading wireless backhaul optimization and converged access products with Turin's leadership in metro aggregation, switching and transport of Ethernet services over optical and copper PDH access networks. In addition to significantly increasing Turin Networks' ability to develop new products that expand upon the existing portfolio of solutions, the acquisition effectively doubles the size of the company's customer base to more than 600 service providers worldwide, including the top five wireless network operators in the U.S., as well as 11 of the top 17 broadband Internet providers.
"The combination of these organizations bolsters Turin's position as an industry leader through the addition of employees that have a significant depth of technology and industry knowledge, as well as leading-edge technology, products and services," said Henry Wasik, president and CEO of Turin Networks. "Service providers can look to Turin Networks for a continued commitment to the development of innovative, end-to-end solutions that enable them to increase network efficiency, capacity, and transition to Ethernet/IP networks, as well as for high-quality service and support."
About Turin Networks
Turin Networks, Inc. is a leading global provider of innovative, Ethernet/IP-optimized network solutions for wireline, wireless, MSO and private network operators. Deployed by more than 600 customers worldwide, these solutions enable customers to increase network efficiency and capacity, and facilitate the migration to Ethernet/IP networks. Turin is headquartered in Petaluma, California with R&D facilities in Boulder, Dallas, Boston, and Shanghai, and sales offices throughout the world. For more information, visit www.turinnetworks.com.
Turin Networks, the Turin Networks logo, Carrier Access and the Carrier Access logo, Traverse, TraverseEdge, Traverse PacketEdge, TransAccess and TransNav are trademarks of Turin Networks, Inc. or its affiliates in the U.S. and other countries.
Media Contacts
Kevin Wade
Director, Product Marketing
Turin Networks, Inc.
707.665.4509
kwade@turinnetworks.com
CACS started 2008 out at $2.40 thus the $2.60 final price is a YTD gain of 8.33% while the S&P500 is down 9.2% YTD, the DJIA is down 8.2% and the NASDAQ100, QQQ, is down 14.9%
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Disclaimer. I own CACS in my newsletter and personal portfolios. I will let my broker turn these into cash at $2.60 per share.
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