Telco Systems Snaps Up ANDA

MANSFIELD, Mass. -- Telco Systems, a BATM company (LSE: BVC) and provider of multi-service Carrier Ethernet access and demarcation solutions, announced today that it has acquired the major assets and intellectual property of ANDA Networks in an all cash transaction.

ANDA is a leading provider of Carrier Class Ethernet and wireless backhaul platforms that deliver cost-effective MEF-certified Metro Ethernet services over fiber, copper and wireless backhaul networks. Together, the Telco Systems and ANDA product lines leverage synergies between their complementary technologies. Ethernet over TDM products supporting IP/MPLS technology from ANDA and Telco Systems fiber-based edge switching and mobile backhaul aggregation solutions combine to offer a fully integrated range of carrier class, MEF certified Ethernet solutions. The acquisition will add ANDA's installed base of over 30,000 system platforms at Tier 1 carriers' networks in the US and Canada to Telco Systems' $2B worldwide installed base of service providers, mobile operators and cable MSOs.

"Telco Systems continually looks for strategic opportunities in order to grow both our business and product offerings. ANDA's strong suite of Ethernet access products in conjunction with our multi-service Ethernet edge solutions will provide customers a complete range of choices for Carrier Ethernet regardless of the installed infrastructure," said Avi Cohen, executive vice president of business development marketing for Telco Systems. "We expect that this acquisition will yield immediate benefits to Telco Systems, ANDA, and our combined service provider customer base."

"The combination with Telco Systems creates synergies in terms of technology and customers," said Charles R. Kenmore, ANDA Networks president and CEO. “We believe that Telco Systems is the best choice for the short and long term for our stakeholders, customers, and people.”

Telco Systems (BATM)