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WiMAX gear maker Telsima acquired by Harris Stratex Networks
Harris Stratex Networks has acquired Telsima for $12 million in cash. Harris Stratex specializes in mobile network backhaul equipment, while Telsima supplies Wimax products.
The two already agreed in September 2008 to work together on full network
systems.
"The demand for rich media services is growing at an explosive rate, creating
the need for faster and more flexible wireless networking solutions," said
Harald Braun, president and chief executive officer of Harris Stratex Networks.
"In our close working relationship with Telsima we have been greatly impressed
by their technology and expertise. We believe the combination of those
qualities and Harris Stratex in-house innovation will significantly enhance our
ability to expand into new and emerging markets."
Telsima's product portfolio includes IEEE 802.16d and 16e compatible base
stations, fixed and mobile subscriber devices, access services network gateways
and network management tools. Telsima has offices in Sunnyvale,
California, Bangalore, Gurgaon and Mumbai in India and Trzin-Ljublijana,
Slovenia.
Noted
blogger Om Malik wrote the following:
"The sad part of the Telsima story is that the company is getting sold at a time
when it is beginning to get some traction. Not only does it have one of the best
and most complete WiMAX product portfolios, it has also signed up customers such
as Neotel of South Africa, Tata Communications of India and is in the running
for a $1 billion WiMAX network being built by Indian telecom carrier BSNL. Many
Telsima-powered WiMAX networks were being put to work in Easter Europe. Harris,
it seems is getting quite a bargain."
We concur, but point out that funding to sustain operations and grow is
incredibly difficult in this harsh economic environment where credit markets are
still frozen for smaller companies.
Could this be the first of several acquisitions of struggling WiMAX equipment
makers?
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