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MAY 30, 2008 -- Sorrento Networks (search for Sorrento Networks), provider of metro optical access equipment, today announced the asset purchase of Australia's Redfern Broadband Networks (RBN) Inc. (search for Redfern Broadband Networks). Per the agreement, Sorrento has acquired all assets of RBN, including products, customer contracts, channel partner relationships, test equipment, and more. Financial details were not disclosed.
By acquiring RBN assets, Sorrento says it has expanded its metro optical access product portfolio to address customers' growing bandwidth needs in hardened, outside plant environments. With the RBN GigaEdge product suite, Sorrento now offers a cost-effective option for carriers to extend their fiber-based services closer to their customers. The companies say their products are similarly designed to help telecommunications carriers and enterprises increase the bandwidth of their existing networks and lower the cost of providing next-generation broadband services.
"Sorrento's focus is to grow our worldwide footprint by providing reliable products that address changing customer requirements, maintaining a low-cost structure and exceeding customer service expectations," explains Jim Nevelle, CEO of Sorrento Networks. "By acquiring RBN's assets, we gain new, global customers, valuable channel partnerships in Europe and Asia, and complementary optical platforms. The acquisition of RBN's proven optical technology strengthens our competitive edge."
According to RBN, its GigaEdge Optical Services Provisioning Platforms (OSPP) aggregate the many different services found at the edge of the network and solve the high-capacity optical upgrade needs of customers. Per the acquisition, Sorrento will gain RBN's complete product portfolio, including the GigaEdge 2300, 6000, and 8200 series, as well as the GigaCraft 1200.
In addition, Sorrento maintains it will enhance its global reach via acquired channel relationships and service provider customers. RBN's strategic partners include companies such as Embarq and Ericsson, and its customer base includes global leaders such as Alltel, PCCW Hong Kong, and Siminn Telecom Iceland.
"Sorrento shares our vision for developing and delivering innovative optical networking products that provide long-term value and scalability," notes Graham Mitchell, CEO of RBN Inc. "By joining forces, we can give our partners and customers access to broader support and deeper development capabilities that will support ever-evolving optical networking needs."
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