IP Unity Enters Into Agreement To Acquire Glenayre Messaging
Milpitas, CA and Atlanta, GA - IP Unity and Glenayre Messaging, a division of Glenayre Technologies, Inc. announced recently that the parties have entered into a definitive asset purchase agreement for the consolidation of the two entities. This purchase led by IP Unity investors, is subject to certain customary closing conditions and is expected to close within 30 days. The joining of these two companies is expected to create one of the market's largest independent suppliers of carrier-class, fully-featured, rich media messaging systems and advanced IP multimedia solutions to both incumbent and next generation wireline and wireless carriers.
The combined company will serve a diverse global customer base of over 2000 deployments for 300 wireline telco, cable, wireless and FMC service providers, large enterprises and public agencies, delivering a strong portfolio of rich media services from a single, IMS enabled carrier grade platform. The merged unified communications framework brings together messaging services and rich media distribution to users across disparate networks and devices. The company will offer an unrivaled portfolio of applications including voicemail, unified messaging, conferencing, SMS, MMS, text to speech, speech recognition, IVR voice portal, color ringback tones, prepaid billing, video portal, video conferencing, videomail and video gaming all built using open standards based technologies such as VoiceXML. The company will continue to invest in its powerful solutions partners and other third-party integrated applications.
"IP Unity has built a market-leading position in wireline, cable and fixed-mobile convergence deployments, while Glenayre has successfully penetrated the emerging wireless markets," stated IP Unity CEO and Chairman Arun Sobti. "The industry is at the stage when media rich applications are going to drive revenue and customer loyalty for our customers. With the core infrastructure poised for convergence, the combined company will have the optimal solutions for our combined customer base. We will have all the compelling competencies including scale, experience, partners, channels and innovation to support the largest and most demanding deployments worldwide."
The two companies currently have no customers in common and market their products in largely different geographies and networks. "Our products are well aligned. Together we'll deliver unparalleled value for any carrier investing in converged wireless/wireline services," added Bruce Bales, President of the Glenayre Messaging Division. "Convergence and IMS are about delivering uniform services regardless of networks and devices. The new company will deliver advanced services to our customers' legacy PSTN, next generation and 2G/3G wireless networks."
The new entity, to be known as IP Unity Glenayre, will have major locations in Atlanta, GA, Quincy, IL, Milpitas, CA, Amsterdam, Singapore and Bangalore, India. The company will continue to have multiple sales offices and support centers around the world.
SOURCE: IP Unity