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Dealipedia - Turin Networks acquires White Rock Networks

Turin Networks acquires White Rock Networks for $3.4 million

Deal Participants:
Acquiring Company: Turin Networks View Profile Charts Homepage
Target Company: White Rock Networks View Profile Add Homepage Google Search
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Deal Financials:
Price: $3.4 million
Cash: $3.40 million
 
Date:
Announced: Oct 15, 2006
Closed: Oct 15, 2006

Notes:

Acquired via bankruptcy.

White Rock had raised $172 million in five investment rounds during the seven-year life of the company.

PRESS RELEASE

Acquisition Expands Product Portfolio and Increases Existing Customer Base to Over 300 Carriers Worldwide

Petaluma, CA, October 27, 2006 - Turin Networks, a global provider of IP and multiservice optical transport solutions for wireline, wireless, MSO, and private networks, today announced that the company has acquired the product portfolio and the majority of the material assets of White Rock Networks, a provider of next-generation optical transport products for metro networks. This transaction simultaneously expands Turin Networks' product portfolio and carrier customer base to over 300 customers worldwide.

"Turin Networks already has a significant market presence with diverse network operators worldwide who are transitioning to packet-optimized, high-capacity transport networks," said Henry Wasik, president and CEO of Turin Networks. "We look forward to working with our new customers from the former White Rock Networks - which includes major CLECs, ILECs, and MSOs - both to support their existing deployments, and to offer them a combined product portfolio that meets a wider range of their requirements."

White Rock Networks product portfolio consists of the VLX 2020 Optical Transport System, the VLX 2006 Multiservice Access Platform, the VLX 300 and 400 Service Edge Concentrators and the VLXpert EMS.

As consolidation in the carrier space creates ever-stronger entities, and as more bandwidth-intensive applications, such as video streaming, continue to boost Internet traffic, the requirement for increased optical backbone capacity is expanding dramatically. Turin Networks' product portfolio is focused on enabling carriers to support new services and increase transport bandwidth, at the most optimal cost structure.

About Turin Networks Turin Networks Inc. is a global provider of IP and multiservice optical transport products for wireline, wireless, MSO, and private networks. Hundreds of network operators worldwide have deployed the company's industry leading solutions to seamlessly transition to a packet-optimized, high-capacity transport network that efficiently delivers any mix of services. Turin is headquartered in Petaluma, California's "Telecom Valley," and maintains sales offices and R&D facilities throughout the world. For more information, visit www.turinnetworks.com or call 707-665-4400.



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Media Contact:

Kevin Wade
Director of Product Marketing
Turin Networks, Inc.
1-707-665-4509
kwade@turinnetworks.com

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