Ceragon Networks announced that it has acquired all the shares of privately-held Elxys Innovations, of Athens, Greece
September 20, 2010
PARAMUS, N.J. -- Ceragon Networks Ltd. (NASDAQ: CRNT), the provider of high-capacity, 4G/LTE-Ready wireless backhaul networks, today announced that it has acquired all the shares of privately-held Elxys Innovations, of Athens, Greece. Elxys is a designer of advanced, next-generation radio-frequency integrated circuits (RFIC). The acquisition solidifies Ceragon's leadership in RF design and allows it to further optimize its core radio technology. By strengthening the radio design team with a group of seasoned professionals in the RFIC domain, Ceragon will continue to offer its customers superior radio performance, higher capacities, reduced power consumption and better overall cost.
"Mobile networks are becoming more and more dependent on high-capacity wireless backhaul," said Ira Palti, President and CEO of Ceragon. "We believe that the next generation microwave radios will be based on highly integrated RFICs. Adding a group of proficient RFIC engineers will allow us to reach higher levels of integration while continuing to the stretch the envelope in terms of radio capacity, reliability and availability. In the process, it will create a significant product differentiation for Ceragon."
Ceragon Networks Ltd. (Nasdaq: CRNT)
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