Thursday, November 24, 2011

Alvarion completes acquisition of Wavion

WASHINGTON, USA: Alvarion Ltd, a provider of optimized wireless broadband solutions addressing the connectivity, capacity and coverage challenges of public and private networks, has completed the acquisition of privately-held Wavion, which was announced on November 2, 2011.

The Wavion acquisition enables Alvarion to further leverage its years of experience providing carrier-grade solutions to create a unique combination of multi-technology capabilities which can be optimized for various types of networks and applications.

“The acquisition of Wavion will enable us to address the market for carrier-grade WiFi, one of the fastest growing segments of telecom equipment, with advanced technology designed specifically to serve the most demanding applications of both public and private networks,” said Eran Gorev, president and CEO of Alvarion.

“We are pleased that we were able to close the acquisition quickly and will focus on rapid integration to leverage our combined strengths. We continue to expect the acquisition to be accretive to non-GAAP earnings beginning in Q2 of 2012.”

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.