Genband to acquire Cedar Point
January 5, 2011
Genband, a developer of IP infrastructure and applications solutions, has signed a definitive agreement to acquire Cedar Point Communications, a specialist in IP switching solutions for cable providers. The transaction is expected to close in January 2011, and is subject to customary approvals and closing conditions.
By acquiring Cedar Point, Genband will increase its existing market-leading position in cable VoIP and will add Cedar Point’s IP switching solutions to its product portfolio. With 7.5 million lines in service globally, Cedar Point will also add major tier 1 customers to Genband’s broad customer base.