Symmetricom Acquires QoSmetrics S.A.
SAN JOSE AND CAMARILLO, CA — Symmetricom, Inc. (NASDAQ: SYMM), a worldwide leader in precise time and frequency products and services, today announced the acquisition of QoSmetrics S.A., a privately held provider of QoE solutions for IPTV and other triple play services. The purchase price of approximately $16 million was paid in cash.
“This acquisition builds upon our expertise of enabling Quality of Service through precise timing distribution in Next Generation Networks (NGN),” said Tom Steipp, CEO of Symmetricom. “QoSmetrics extends our market leadership into the emerging QoE market and enables us to continue to address our telecom customers’ most critical needs, including issues surrounding the delivery of multimedia services over converged IP infrastructures. QoSmetrics' system-level solutions and intellectual property assets, which include a broad base of tools to measure key IP Performance Metrics (IPPM), as well as to monitor VoIP and video-based data streams, provide a solid foundation for Symmetricom to play a leading role in monitoring and ensuring end users’ QoE.”
As IPTV moves toward widespread deployment, industry experts concur that successful implementations and long term market adoption will require new service assurance solutions and an increasing emphasis on QoE in order to protect the large scale investments being made by network operators around the world.
“QoSmetrics’ award-winning solutions are ideal for a variety of NGN implementations, including triple play services and other converged network applications,” said Yves Cognet, chairman, CTO and cofounder of QoSmetrics. “The company’s comprehensive suite of products provides real time, multiprotocol, end-to-end monitoring and diagnostic capabilities that enable service providers to troubleshoot and often prevent network issues. We have already had early success with operators such as Telecom Italia, which has chosen to deploy our solution as part of their rollout of IPTV. With QoSmetrics joining Symmetricom, we will have access to a worldwide network of service provider relationships and also be able to more fully leverage Symmetricom’s global leadership in timing distribution technologies.”
Mr. Steipp added, “Symmetricom has consistently demonstrated an ability to leverage its core competencies in delivering quality products to communications service providers around the globe. QoSmetrics’ technology base will enable Symmetricom to enhance its position in emerging areas of the global telecommunications industry by providing those service providers with the tools and monitoring capabilities necessary to maximize QoE for end users of triple play services.”
Symmetricom management will hold a conference call on Thursday, Jan. 4, 2007 at 6:00 a.m. Pacific time to discuss the acquisition. Those wishing to join should dial 210-234-0026 and reference the passcode “Symmetricom.” A replay of the call will be available until Jan. 11 at 11:59 p.m. Pacific time. To access the replay, please dial 402-220-5349. A live webcast of the conference call will also be available via the company’s web site at www.symmetricom.com
Safe Harbor
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbor created by those sections. These forward-looking statements include statements concerning Symmetricom’s ability to extend its market leadership into the emerging QoE market, play a leading role in monitoring and ensuring end users’ QoE, and enhance its position in emerging areas of the global telecommunications industry as a result of the acquisition. Symmetricom's ability to achieve that result could differ materially from those projected or suggested in these forwardlooking statements. Factors that could cause future actual results to differ materially from the results projected in or suggested by such forward-looking statements include: timing of orders, cancellation or delay of customer orders, loss of customers, challenges in integrating QoSmetrics, customer acceptance of new products, geopolitical risks such as terrorist acts and the risk factors listed from time to time in Symmetricom’s reports filed with the Securities and Exchange Commission, including the report on Form 10-K for the year ended June 30, 2006, report on Form 10-Q for the quarter ended September 30, 2006, and subsequent Form 8-K’s.
About QoSmetrics
QoSmetrics is a privately held provider of service assurance solutions for network operators, service providers, and other enterprises that need end-to-end network performance assurance for high availability, mission-critical service offerings. Its technology solutions are utilized in a variety of implementations that include triple play voice, video, and data services as well as other converged network applications. Founded in 1999, QoSmetrics maintains corporate and R&D facilities in Camarillo, Calif., and in Paris, France.
About Symmetricom, Inc.
As a worldwide leader in precise time and frequency products and services, Symmetricom provides 'Perfect Timing' to customers around the world. Since 1985, the company's solutions have helped define the world's time and frequency standards, delivering precision, reliability and efficiency to wireline and wireless networks, instrumentation and testing applications and network time management. Deployed in more than 90 countries, the company's synchronization solutions include primary reference sources, building integrated timing supplies (BITS), GPS timing receivers, time and frequency distribution systems, network time servers and ruggedized oscillators. Symmetricom also incorporates technologies including Universal Timing Interface (UTI), Network Time Protocol (NTP), Precision Time Protocol (IEEE 1588), and others supporting the world's migration to Next-Generation-Networks (NGN). Symmetricom is based in San Jose, Calif., with offices worldwide. For more information, visit http://www.symmetricom.com.
