Tranzeo Completes Aperto Acquisition

Tranzeo is now a complete end-to-end broadband solutions provider

April 19, 2010

1 Min Read

PITT MEADOWS, B.C. -- BC-based Tranzeo Wireless Technologies Inc. /quotes/comstock/11t!e:tzt (CA:TZT 1.36, -0.02, -1.45%) , a premier manufacturer of wireless broadband and WiMAX communication systems, announced today that it has completed the acquisition of Aperto Networks, Inc. ("Aperto"). Aperto is a San Jose, California based leading manufacturer of wireless broadband, mobile WiMAX and Enterprise VPN solutions using highly versatile and cost-effective carrier-grade WiMAX Forum Certified infrastructure equipment.

The merger will greatly increase Tranzeo's market share as it becomes a complete end-to-end broadband solutions provider featuring WiFi, WiMax and LTE products. Aperto's current backlog of all purchase orders is US$12.8 million. This will be added to Tranzeo's current backlog of US$32.7M.

"This is a great acquisition for Tranzeo, Aperto, and our customers. This acquisition immediately transforms Tranzeo into a market leading complete solutions provider for major telecommunications operators while still supplying product to Tranzeo's existing wireless Internet service providers," said Jim Tocher, President and CEO of Tranzeo. "Since we announced the merger a few weeks ago, we have secured US$4.5M in new purchase orders. With our acquisition of Aperto, we now have a combined backlog of orders of US$45.5M. Our growing customer base knows we are the solutions provider they need. We believe that existing Tranzeo and Aperto customers will greatly benefit from the combined technologies and complete solutions Tranzeo will now be able to provide."

Tranzeo Wireless Technologies Inc.

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