Symmetricom sells video Quality of Experience (QoE) product line to Cheetah Technologies

Feb. 12, 2010
FEBRUARY, 12, 2010 -- Symmetricom, Inc. in San Jose, Calif., announced that it has signed a definitive agreement to sell the assets of its video Quality of Experience (QoE) business to Cheetah Technologies, L.P. of Pittsburgh, Pa., for $2.25 million in cash. The sale is expected to close by mid-March, subject to closing conditions.
FEBRUARY, 12, 2010 -- Symmetricom, Inc. in San Jose, Calif., announced that it has signed a definitive agreement to sell the assets of its video Quality of Experience (QoE) business to Cheetah Technologies, L.P. of Pittsburgh, Pa., for $2.25 million in cash. The sale is expected to close by mid-March, subject to closing conditions. Under the terms of the agreement, Cheetah Technologies will acquire the assets related to Symmetricom's QoE product line and will hire the majority of Symmetricom's current QoE team. "The sale of QoE allows us to focus on strengthening our core business and extending our time and frequency value proposition into additional markets," says Dave Cote, president and chief executive officer of Symmetricom. "We are pleased that the innovative QoE technology will be continued by a company whose core business is in video content, and we plan to work closely with Cheetah to support our employees and customers through the transition." "To meet the demand for a high quality viewing experience, our customers are becoming much more sophisticated in developing their video monitoring strategies. They need unified tools and processes to monitor video quality across their entire network more effectively – from source to consumer experience," says Stephen John, Cheetah's chief executive officer."With the addition of the Video Quality Monitoring Business, we're gaining a market-leading solution, which gives service providers the power to dive deep into video packets throughout every key part of their network, resulting in fewer service calls and the finest video experience for their customers. Cheetah now offers the strongest and most comprehensive combination of source to experience tools on the market today.” Cheetah Technologies: www.cheetahtech.comSymmetricom, Inc.: www.symmetricom.com

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