Patton and FiberPlex Join Forces to Build Enterprise Communications Infrastructure Powerhouse
(Thomson Reuters ONE) -
GAITHERSBURG, Md., Oct. 06, 2017 (GLOBE NEWSWIRE) -- Patton Electronics-US
manufacturer of UC, cloud, and IoT enabling solutions for carrier, enterprise
and industrial networks-has executed a strategic transaction with FiberPlex
Technologies-supplier of secure fiber-based digital communications to US
Government and commercial markets.
Patton has acquired certain assets and intellectual property rights of FiberPlex
and begun consolidating FiberPlex operations in Patton's Gaithersburg Maryland
facility. Other terms of the transaction are not disclosed.
The consolidation creates a unified business, growing Patton's revenue and
adding significant new resources, competencies and capabilities to the Patton
group. New solutions from the combined core technologies and product portfolios
enhance value to Patton and FiberPlex customers, channels and ecosystem
partners.
FiberPlex customers will continue to receive stable, uninterrupted service and
product supply, with all warranty and service agreements fully honored.
FiberPlex channel partners will be credentialed into Patton's channel program
and given access to the full suite of complementary products. Patton channels
will also gain access to FiberPlex products.
"The list of synergies is too long to enumerate," said Bobby Patton, CEO of
Patton Electronics. "Our product lines complement each other beautifully and the
combined manufacturing capabilities mean we can offer a new level of vertical
integration to the worldwide market."
"We are excited about this new chapter for the FiberPlex brand," said Buddy
Oliver, CEO of FiberPlex. "We share a vision for the market and look forward to
bringing new value to our employees, vendors and customers."
"The FiberPlex cutting-edge fiber technology know-how enhances our contribution
to our newly combined customer base. The advanced metal works manufacturing
operation of FiberPlex makes us even more vertically-integrated, boosts our
rapid-prototyping capabilities and increases the velocity in which we can
commercialize technology," Bobby added.
The FiberPlex product line focuses on secure fiber-based digital communications
solutions that protect against compromising emanations and feature physical
security, intercept avoidance, and layer-zero cyber security.
Both companies are family-owned, brick-and-mortar, advanced-manufacturing
operations founded on conservative business principles and American values and
focused on cutting-edge technologies, products, and services.
In related news, InsightsSuccess Magazine recently recognized Patton as a top-
Ten UC solutions provider for 2017.
Media Contact: Glendon Flowers | +1 301 975 1000 | press(at)patton.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Patton Electronics Co. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 06.10.2017 - 20:31 Uhr
Sprache: Deutsch
News-ID 562788
Anzahl Zeichen: 3417
contact information:
Town:
Gaithersburg
Kategorie:
Business News
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"Patton and FiberPlex Join Forces to Build Enterprise Communications Infrastructure Powerhouse"
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