Adds network convergence, VoIP and IMS solutions
FALL VON CONFERENCE, BOSTON, Sept. 12 /PRNewswire/ -- Stratus
Technologies, Inc. of Maynard, Massachusetts announced today the
acquisition of Emergent Network Solutions of Allen, Texas, an innovator in
advanced telecommunication software and services that enable carriers and
service providers to integrate current and emerging network technologies.
The purchase amount is $11 million, with provisions for additional
performance-based payments.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060313/NEM014LOGO )
Emergent's focus on products and solutions for voice over the Internet
(VoIP) and IP Multimedia Subsystem (IMS) builds out Stratus' strategic
business initiative and current solutions for Fixed Mobile Convergence
(FMC) and Service Mediation, which enable disparate network technologies to
operate together seamlessly. Stratus is committed to offering carriers and
service providers interoperability between traditional wire-line networks,
mobile and cellular networks, and rapidly growing VoIP and IMS services
like those made possible by Emergent. This network-convergence strategy
addresses fundamental revenue-generation and subscriber-retention issues
confronting telecommunications service providers today. It also strongly
positions carriers and service providers to leverage their existing
infrastructure investments as they embrace and migrate to emerging
network-infrastructure standards in the future.
"The adage that the whole is greater than the sum of its parts applies
perfectly well here, for both Emergent and Stratus," said David J.
Laurello, Stratus president and CEO. "Our business strategies blend very
well. And because we approach the market from different sides of the
convergence paradigm, our engineering expertise, products, channels, and
customers also complement each other. I am exceptionally pleased to have
Nathan Franzmeier, Emergent's founder and CEO, and his entire team join the
Stratus Technologies family."
As a result of the acquisition, which closed August 11, all former
Emergent employees and contractors have transferred over to Stratus and
will continue to operate from Allen, Texas. Nathan Franzmeier will assume
the position of vice president, Emerging Network Solutions, a new Stratus
business unit, and will report directly to Laurello. In his new position,
Franzmeier will have overall responsibility for the combined Stratus and
Emergent telecommunications strategy.
Founded in 2001 in the Dallas area, Emergent Network Solutions has
approximately 32 employees and contractors. The company has built a global
customer base of approximately 130 installations at 100
small-to-medium-sized wire-line carriers through both direct and indirect
sales channels. It has approximately 20 resellers in the Americas, Europe
and Asia/Pacific region.
"Stratus has excellent standing among the major global carriers and
telecommunications equipment providers, as well as significant sales
resources in both telecommunications industry and enterprise telephony
markets," said Franzmeier. "This accelerates the exposure of Emergent's
exceptional solutions and specialized services to a much larger segment of
the market and broadens market appeal when combined with Stratus' hardware,
software, and solutions."
The opportunity today in the converged network solutions market is
conservatively $2.0 billion according the industry sources, and growing
rapidly.
About Stratus Technologies
Stratus Technologies is a global solutions provider focused exclusively
on helping its customers achieve and sustain the availability of converged
telecommunications network solutions and enterprise information systems
that support critical business processes. Based upon its 25 years of
expertise in server and services technology for continuous availability,
Stratus is a trusted solutions provider to customers in telecommunications,
manufacturing, life sciences, financial services, public safety,
transportation & logistics, and other industries. For more information,
visit http://www.stratus.com.
Stratus is a registered trademark of Stratus Technologies Bermuda Ltd.
The Stratus Technologies logo is a trademark of Stratus Technologies
Bermuda Ltd. All other marks are the property of their respective owners.
Contacts:
Ed Marshall Ken Donoghue
Beaupre & Co. Public Relations Stratus Technologies
603-559-5816 978-461-7269
emarshall@beaupre.com ken.donoghue@stratus.com
SOURCE Stratus Technologies, Inc.
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Related links:
http://www.stratus.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20060313/NEM014LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Ed Marshall, of Beaupre & Co. Public
Relations for Stratus Technologies, +1-603-559-5816,
emarshall@beaupre.com; or Ken Donoghue of Stratus Technologies,
+1-978-461-7269, ken.donoghue@stratus.com
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