Symmetricom Completes Sale of Video Quality of Experience (QoE) Product Line to Cheetah Technologies
March 02 2010 - 3:05PM
Business Wire
Symmetricom, Inc. (NASDAQ: SYMM), a major supplier of precise
time and frequency technologies, today announced that it has
completed the sale of its video Quality of Experience (QoE)
business to Cheetah Technologies, L.P. of Pittsburgh, Pa. The
execution of a definitive agreement for the sale was announced on
Feb. 12, 2010.
Cheetah Technologies, a leader in HFC network management, has
acquired the assets related to Symmetricom’s QoE business for $2.25
million in cash and has hired the majority of Symmetricom’s QoE
team.
“We are pleased that these important video quality capabilities
are now part of Cheetah’s dedicated portfolio of network management
services,” said Dave Côté, president and CEO of Symmetricom. “The
sale allows us to further focus on our core time and frequency
business and to leverage our strengths into additional markets
where our precise timing solutions are increasingly critical to the
reliability, quality and performance of systems and
transactions.”
About Symmetricom, Inc.
As a worldwide leader in precise time and frequency products and
services, Symmetricom provides “Perfect Timing” to customers around
the world. Since 1985, the company’s solutions have helped define
the world’s time and frequency standards, delivering precision,
reliability and efficiency to wireline and wireless networks,
instrumentation and testing applications and network time
management. Deployed in more than 90 countries, the company’s
synchronization solutions include primary reference sources,
building integrated timing supplies (BITS), GPS timing receivers,
time and frequency distribution systems, network time servers and
ruggedized oscillators. Symmetricom also incorporates technologies
including Universal Timing Interface (UTI), Network Time Protocol
(NTP), IEEE 1588 (Precision Time Protocol), and others supporting
the world’s migration to Next Generation Networks (NGN).
Symmetricom is based in San Jose, Calif., with offices worldwide.
For more information, visit http://www.symmetricom.com.
About Cheetah Technologies
With a long history in Network Management, Cheetah Technologies
has raised the bar in status, performance and quality monitoring
while pioneering new ground in IP service testing and performance
analysis. Cheetah Technologies’ network management solutions allow
network operators to more efficiently and cost effectively isolate
and troubleshoot multi-layered problems that impact service
quality. The 2009 acquisition of the Cheetah Product Line by
Cheetah Technologies, LP has brought new focus, resources and
energy to the industry leader in HFC Network
Management. Information about Cheetah’s products and services
can be found at www.cheetahtech.com.
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