Comtech Buys Verso Assets and Product Lines

Comtech Buys Verso Assets and Product Lines

Comtech Telecommunications announced that its Tempe, Arizona-based subsidiary, Comtech EF Data acquired the network backhaul assets and the NetPerformer and AccessGate product lines of Verso Technologies for approximately $3.9 million.

The acquired assets and product lines cater to enterprises and mobile carriers, and will be merged with Comtech EF Data's subsidiary, Memotec.

The NetPerformer products combine the functionality of a voice gateway and data routers, enabling enterprises to create digitally converged networks. NetPerformer's voice and data compression over a single wide area network enable users to bypass the PSTN on calls between locations, eliminating toll costs.

AccessGate is a family of radio access network (RAN) optimization systems that reduce operating costs and enable the rapid expansion and migration of mobile wireless networks. AccessGate employs a patented set of aggregation and bandwidth optimization techniques that enable operators to maximize network utilization, resulting in a reduction in recurring leased line, microwave and VSAT satellite backhaul expenses.

The acquisition includes a solid set of intellectual property rights and technology assets that will expand on Memotec's current CX, CX-U and CX-UA product offerings for enterprise, satellite and terrestrial backhaul markets.

Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications said, "The acquisition allows us to provide a broader range of solutions that reduce network operating expenses in two areas: voice and data routers serving governments and enterprises, such as ministry of foreign affairs, air traffic control and oil and gas companies, and mobile backhaul focused on terrestrial leased line and microwave-based radio access networks.''