Sunday, March 1, 2009

Harris Stratex Networks Acquires Telsima for $12 Million

Harris Stratex Networks, which specializes in mobile backhaul solutions, has acquired Telsima $for $12 million in cash payable over the next 12 months.

Telsima, which is based Sunnyvale, California, is a leading developer of WiMAX infrastructure and CPE products. Telsima's engineering has expertise in the areas of network and system architecture, embedded solutions, and software development. The company's product portfolio includes IEEE 802.16d and 16e compatible base stations, fixed and mobile subscriber devices, Access Services Network Gateway solutions and network management tools. Telsima also has offices in Bangalore, Gurgaon and Mumbai in India; and Trzin-Ljublijana, Slovenia.

In September 2008, Harris Stratex announced a partnership agreement with Telsima for end-to-end 4G network solutions.

"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."

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