ADC Completes Metrica Sale

ADC completes sale of its Metrica service assurance group to Watchmark for $35M in cash and 3.2M shares

November 22, 2004

1 Min Read

MINNEAPOLIS -- ADC (Nasdaq:ADCT), ( announced today the completion of the sale of its Metrica(R) service assurance software group to WatchMark Corp. WatchMark, a Bellevue, Wash., based company, provides wireless service providers with software tools necessary to deploy and monitor services at the network, application and customer levels. The purchase price for the transaction was $35 million in cash and 3.2 million shares of WatchMark common stock, which represents less than five percent ownership of WatchMark. Other terms of the transaction were not disclosed.

ADC Telecommunications Inc.

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