Some late-breaking news on a local tech company making an acquisition!
Cheetah Technologies, LP, a leader in HFC network performance and monitoring, signed a definitive agreement to acquire Symmetricom’s (NASDAQ: SYMM) Video Quality Monitoring Business – a leading provider of video quality, performance and monitoring software. Today’s acquisition extends Cheetah’s powerful solutions for real-time voice, video and data quality of service and performance monitoring. The transaction is expected to close in late February, subject to customary closing conditions.
Adding the Video Quality Monitoring solution builds upon an already successful monitoring platform. Cheetah Technologies’ network management solutions are deployed in more than 25 countries and manage hundreds of thousands of network devices. The resulting outcome of the combined businesses will help network service providers unify their network monitoring, deploy a unique and innovative origination-to-edge monitoring fabric and improve quality monitoring capabilities, offering video consumers a best-in-class video experience.
“Consumers of entertainment-grade video have high expectations of virtually perfect video quality. As a result, our customers are becoming much more sophisticated in developing their companywide video monitoring strategies. They are looking for unified tools and processes to help them monitor the video quality across their entire network more effectively – from source to consumer experience,” said Cheetah’s Steve John, Chief Executive Officer. “With the Video Quality Monitoring Business, we’re gaining a market-leading solution, giving customers the power to dive deep into video packets throughout every key part of their network and resulting in the best video experience on any screen for their customers. Cheetah now offers the strongest and most complete combination of source to experience unified network monitoring tools on the market today.”
Formally part of the Telecom Solutions Division of Symmetricom, the Video Quality Monitoring platform enables carriers, Internet service providers and cable operators to understand how their actual video service quality is perceived by end-users. Knowing in real-time the quality of the video offerings end-to-end is critical for assuring customer satisfaction and avoiding churn. With over $30 million invested in the Video Quality Monitoring Business, it has been deployed or is in trials with twenty-one MSOs, Telcos, programmers and communication technology providers. The group has also inked strategic partnership and/or reseller agreements with Ericsson, HP, Alcatel-Lucent, IBM and is part of Microsoft’s Mediaroom Ecosystem.
Under the terms of the agreement, Cheetah Technologies will purchase all assets of the Video Quality Monitoring Business including the technology and intellectual property for $2.25 million. The transaction is subject to normal closing requirements and should close by the end of February. Walt Ungerer of Corporate Game Plan acted as strategic M&A advisor to Cheetah Technologies.