Dialing for Deals?
Murphy, who joined Cedar Point last October as EVP of worldwide sales, succeeds Curt Hockemeier, who was named interim CEO in January following the departure of Andy Paff, who recently resurfaced, by the way.
At the time, Hockemeier, who is staying on the Cedar Point board, said the VOIP gear company saw "no immediate need or immediate reason" for an initial public offering (IPO) to be in the game plan. (See Cedar Point Non-Committal About IPO Path .) Perhaps they saw how going public was not exactly a cup of tea last year for BigBand Networks Inc. (Nasdaq: BBND). (See BigBand Looks to Resolve BigProblems.)
And there's no indication that Cedar Point, which counts Comcast Corp. (Nasdaq: CMCSA, CMCSK) among its largest customers, will actually need to go public.
Besides, most of Murphy's more recent career was with companies that did some serious moving and shaking in the M&A area. After starting with ADC (Nasdaq: ADCT), he later joined Excel Switching Corp., which was acquired in 2000 by what was then Lucent Technologies. In 2003, Murphy helped spin out Excel Switching as a separate company. In 2005, Excel Switching merged with Brooktrout Technologies and the combined company was rechristened Cantata Technologies, with Murphy serving as president. Dialogic Corp. (Nasdaq: DLGC) bought Cantata last fall. (See Dialogic Acquires Cantata.)
Other than all that, not much really happened, so we'll have to see how quiet things remain at the Derry, N.H.-based VOIP gear supplier.
— Jeff Baumgartner, Site Editor, Cable Digital News