Vecima Acquires Falcon V Systems, Provider of Innovative Software Orchestration Platform for Cable, Fiber, and Mobile Access Networks
11 October 2024 - 10:30PM
Business Wire
- Combination of Vecima’s Entra Cloud™ and Falcon’s Principal
Core and Test Suite will help operators accelerate and simplify
cable, fiber, and mobile access network and service flow
convergence, using automated software tools and testing
- Charter Communications will be the initial customer, signing a
multi-year deal to deploy both the Principal Core and Test
Suite
- Falcon V Systems’ open, interoperable platform supports
multiple vendors’ vCMTS platforms, including Vecima’s Entra® vCMTS
& Entra® vPON Manager
Vecima Networks, Inc. (TSX: VCM) today announced that, through
its subsidiary Vecima Technology B.V., it has acquired Falcon V
Systems, a Poland-based provider of vendor-agnostic, virtualized
software solutions and services for Broadband Service Providers
worldwide.
Vecima has acquired all outstanding Falcon V Systems shares, as
well as the company’s technology, intellectual property, and
talent. With the close of the acquisition today, Vecima will
onboard a significant portion of the Falcon V team which will be
integrated into Vecima’s Video & Broadband Solutions business,
comprising its market-leading Entra broadband access portfolios and
talent.
Falcon V Systems’ key products will be integrated into Vecima’s
Entra Cloud™ portfolio of open, interoperable, cloud-native
applications that help cable operators transform their networks for
next-generation broadband access:
- Falcon V Systems’ Principal Core manages across multiple cable,
fiber, and mobile cores, allowing a multivendor environment, with
seamless integration across the OSS/BSS ecosystem — a convergence
of services not possible previously.
- The Test Suite is a comprehensive set of tools, focused on
helping Broadband Service Providers accelerate deployments and
feature enhancements, through an automated, end-to-end test
environment.
“I’m incredibly proud of what the Falcon V team has
accomplished, and I extend my sincerest thanks to our talented
Falcon team, our partners, and our customers,” said Ulf Andersson,
CEO of Falcon V Systems. “Vecima will take our work forward and
bring it to market on a global scale, unlocking the potential of
the Falcon V technology and team.”
“Our work over the last several years with Falcon V Systems has
been a critical component in our long-term access architecture
strategy, enabling us to simplify and enhance the subscriber
experience,” said Justin Colwell, Executive Vice President,
Connectivity Technology, Charter Communications. “We plan to deploy
the Principal Core, which will be a component of Vecima’s vCMTS
solution, along with the Test Suite, and look forward to working
closely with Vecima to lead wider adoption of the Entra Cloud
platform across the industry.”
“Flexibility and interoperability are the cornerstone of
Vecima’s unique approach to access networks and the hallmark of
Falcon V Systems’ automation and orchestration software,” said Clay
McCreery, Chief Operating Officer at Vecima. “With this
acquisition, Vecima expands its research and development footprint
into Europe with an expert team of DAA technologists in Poland.
Falcon V Systems will be able to take advantage of Vecima’s global
scale, existing vCMTS and PON platforms, and extensive customer
relationships.”
“Vecima’s mission is to empower service providers globally with
the transformative solutions that usher in the new multi-gigabit
connectivity era to come,” said Sumit Kumar, Vecima President and
Chief Executive Officer. “We are embarking on a new phase of
growth, and by adding the Falcon V Systems team and technology to
our expansive industry-leading broadband access portfolio, we
broaden, once more, our ability to meet the evolving network
convergence needs of Broadband Service Provider customers
worldwide. With the Falcon team & Charter’s long-term
partnership, this acquisition further deepens Vecima’s leadership
in the Broadband Service Provider segment.”
About Falcon V Systems
Falcon V Systems is an independent challenger that delivers a
cost-effective, scalable, and non-proprietary open DAA solution for
Broadband Service Providers based on Software Defined Networking
(SDN) and Network Functions Virtualization (NFV). This
non-monolithic, agile architecture will enable more efficient use
of network assets, data centers, and cloud assets. Thanks to open
interfaces, the solution evolves along with the growth of needs and
supports the cooperation between operators and other vendors.
About Vecima Networks
Vecima Networks Inc. (TSX: VCM) is leading the global evolution
to the multi-gigabit, content-rich networks of the future. Our
talented people deliver future-ready software, services, and
integrated platforms that power broadband and video streaming
networks, monitor and manage transportation, and transform
experiences in homes, businesses, and everywhere people connect. We
help our customers evolve their networks with cloud-based solutions
that deliver ground-breaking speed, superior video quality, and
exciting new services to their subscribers. There is power in
connectivity – it enables people, businesses, and communities to
grow and thrive. Learn more at vecima.com.
Forward-Looking Statements
This news release contains “forward-looking information” within
the meaning of applicable securities laws. Forward-looking
information is generally identifiable by use of the words
“believes”, “may”, “plans”, “will”, “anticipates”, “intends”,
“could”, “estimates”, “expects”, “forecasts”, “projects” and
similar expressions, and the negative of such expressions.
Forward-looking information in this news release includes, but
is not limited to, any statements respecting: Vecima will onboard a
significant portion of the Falcon V team which will be integrated
into Vecima’s Video & Broadband Solutions business; closing of
the transaction will allow Vecima to expand its research and
development footprint into Europe; Falcon V Systems’ key products
will be integrated into Vecima’s Entra Cloud™ portfolio; Charter
Communications’ plans to deploy the Principal Core and Test
Suite.
The forward-looking statements are based on the current
expectations of the management of Vecima and are inherently subject
to uncertainties and changes in circumstances and their potential
effects and speak only as of the date of such statement. There can
be no assurance that future developments will be those that have
been anticipated.
A more complete discussion of the risks and uncertainties facing
Vecima is generally disclosed under the heading “Risk Factors” in
the Company’s Annual Information Form dated September 19, 2024, as
well as the Company’s continuous disclosure filings with Canadian
securities regulatory authorities available at www.sedarplus.ca.
All forward-looking information herein is qualified in its entirety
by this cautionary statement, and Vecima disclaims any obligation
to revise or update any such forward-looking information or to
publicly announce the result of any revisions to any of the
forward-looking information contained herein to reflect future
results, events, or developments, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241010671688/en/
Investor Relations: 250-881-1982, invest@vecima.com Media
Relations: bernadette.dunn@vecima.com
Vecima Networks (TSX:VCM)
Historical Stock Chart
From Sep 2024 to Oct 2024
Vecima Networks (TSX:VCM)
Historical Stock Chart
From Oct 2023 to Oct 2024