Cheers Stu.
Patrick Leary Aperto Networks 813.426.4230 mobile -----Original Message----- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Stuart Pierce Sent: Wednesday, March 31, 2010 11:50 AM To: WISPA General List Subject: Re: [WISPA] Tranzeo to acquire Aperto Well he isn't the only WISP friend that uses Tranzeo, come on now. Just waiting for the Motorola people to start slamming Aperto now. ---------- Original Message ---------------------------------- From: "Patrick Leary" <ple...@apertonet.com> Reply-To: WISPA General List <wireless@wispa.org> Date: Wed, 31 Mar 2010 09:14:17 -0700 >The past few years have been challenging for all Gino, especially for >companies that leverage private investment. As you may know, we have had a >working relationship with Tranzeo for some time; they manufacture our 3.65 GHz >CPE using our code. Over time this relationship has deepened. I have been >through many acquisitions back from the Alvarion days and have seen the market >go through many. This one makes more sense than most, much more sense. We have >no real overlap in terms of products and little technical overlap. Tranzeo is >a respected public company and has state-of-the art production capabilities >here in North America. It has an established WISP reputation for value. We >have excellent core technology, engineering and field teams. We have about 2 >dozen patents on QoS and link quality and our technology was central to >creation of the 802.16 standard in the first place (long before there was a >WiMAX). > >It just makes a lot of sense and the market will see that. > >Plus, the market has been a bit staid recently...it needed something to shake >things up a bit. > >And finally, it maybe after all these years allows my old WISP friend Matt >Larson to become a customer! > > >Patrick Leary >Aperto Networks >813.426.4230 mobile > >-----Original Message----- >From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On >Behalf Of Gino Villarini >Sent: Wednesday, March 31, 2010 9:01 AM >To: WISPA General List >Cc: WISPA General List >Subject: Re: [WISPA] Tranzeo to acquire Aperto > >Wow > >Was Aperto in financial trouble? > >This is like YDI buying Proxim > >Or Ubiquity buying Motorola > >Sent from my Motorola Startac... > > >On Mar 31, 2010, at 11:45 AM, "Drew Lentz" <d...@drewlentz.com> wrote: > >> Didn't see this one coming but it looks like it could lead to some >> nice products for WISPs. >> >> http://bit.ly/bX4HTc >> >> Canadian Company Tranzeo Wireless to Acquire Aperto Networks Tranzeo >> strengthens its international market with complete broadband solution >> >> PITT MEADOWS, BRITISH COLUMBIA, Mar 31, 2010 (MARKETWIRE via COMTEX) >> -- >> BC-based Tranzeo Wireless Technologies Inc. (CA:TZT >> </investing/stock/TZT?countrycode=ca>  1.61, +0.04, +2.55%), a >> premier manufacturer of wireless broadband and WiMAX communication >> systems, announced today it has entered into a definitive merger >> agreement with Aperto Networks, Inc. ("Aperto") and key Aperto >> shareholders. Under the terms of the merger agreement, and upon the >> satisfaction of closing conditions, Aperto will be merged into a >> newly incorporated subsidiary of Tranzeo, with Aperto surviving and >> continuing to be operated as a wholly-owned subsidiary of Tranzeo. >> >> The merger will greatly increase Tranzeo's market share as it becomes >> a complete end-to-end broadband solutions provider featuring WiFi, >> WiMax and LTE products. Aperto's current backlog of all purchase >> orders is US >> $8.3 >> million. This will be added to Tranzeo's current backlog of US$32.7M. >> >> "Acquiring Aperto immediately transforms Tranzeo into a market >> leading complete solutions provider for major telecommunications >> operators while still supplying product to Tranzeo's existing >> wireless Internet service providers," said Jim Tocher, President and CEO of >> Tranzeo. >> "With an established world-wide customer base and a pipeline of new >> customers now in trials, the benefits of today's announcement will >> start to bear fruit within a year. The future for Tranzeo has never >> looked better." >> >> "The combining of Tranzeo and Aperto is a big win for wireless >> service providers," said Randall Meals, Chairman of Aperto's Board >> and Managing Director of Quicksilver Ventures. "We continue to be >> bullish on the broadband wireless market and now Tranzeo's position >> in the market." >> >> Existing Tranzeo and Aperto customers will greatly benefit from the >> combined technologies and complete solutions Tranzeo will now be able >> to provide. >> >> "Tranzeo's responsiveness, world-class manufacturing and additional >> product breadth combined with Aperto's proven worldwide sales, >> support team, and channels will significantly benefit our customers >> on a global basis,"said Bill Waters, Senior Vice President of >> Worldwide Sales and Support at Aperto Networks. "I am looking forward >> to serving our existing customers, expanding our market and providing >> new solutions to our channel partners." >> >> "This is very good news for TRG and the future of broadband services >> in Indonesia," said Gatot Tetuko, President of PT. Teknologi Riset >> Global (TRG), an affiliate company of leading telecommunication >> infrastructure provider the Indonesian Tower Group. "With our joint >> development agreement with Tranzeo, this will give us access to >> additional advanced wireless technologies which we will incorporate >> into our broadband solutions." >> >> Tranzeo expects to complete the acquisition of Aperto through >> issuances of common shares to the stockholders of Aperto. Upon >> satisfaction of the required closing conditions, Tranzeo will issue >> common shares to the stockholders of Aperto based on a US$5 million >> base consideration amount, as adjusted for liabilities and cash of >> Aperto at closing. Subject to the satisfaction of certain additional >> earn-out conditions, Tranzeo may issue additional common shares to >> the stockholders of Aperto based on revenues attributable to certain >> products of Aperto that are sold by Tranzeo during a one-year >> earn-out period following the date of closing of the merger. These >> earn-out shares would be issued within 120 days of the expiry of the >> earn-out period. All share issuances will be based on the volume >> weighted average trading price of Tranzeo's common shares for the >> five trading days prior to this announcement of the Merger Agreement. >> >> The merger is anticipated to be completed in mid-April 2010. >> Completion of >> the merger will be subject to customary closing conditions, including >> the approval of the proposed merger by the Toronto Stock Exchange and >> by the stockholders of Aperto. Tranzeo stockholder approval is not >> required. >> Tranzeo has agreed to appoint a representative of Aperto to its board >> of directors on closing. >> >> The common shares proposed to be issued have not been registered >> under the Securities Act of 1933, as amended, or any state securities >> laws, and may not be offered or sold in the United States without >> registration or an applicable exemption from applicable registration >> requirements in the US. >> This press release shall not constitute an offer to sell or the >> solicitation of an offer to buy nor shall there be any sale of the >> securities in any jurisdiction in which such offer, solicitation or >> sale would be unlawful. >> >> Tranzeo and the Tranzeo logo are registered trademarks of Tranzeo >> Wireless Technologies Inc. >> >> >> >> >> --- >> --- >> --- >> --- >> -------------------------------------------------------------------- >> WISPA Wants You! Join today! >> http://signup.wispa.org/ >> --- >> --- >> --- >> --- >> -------------------------------------------------------------------- >> >> WISPA Wireless List: wireless@wispa.org >> >> Subscribe/Unsubscribe: >> http://lists.wispa.org/mailman/listinfo/wireless >> >> Archives: http://lists.wispa.org/pipermail/wireless/ > > >----------------------------------------------------------------------- >--------- >WISPA Wants You! Join today! >http://signup.wispa.org/ >----------------------------------------------------------------------- >--------- > >WISPA Wireless List: wireless@wispa.org > >Subscribe/Unsubscribe: >http://lists.wispa.org/mailman/listinfo/wireless > >Archives: http://lists.wispa.org/pipermail/wireless/ > > >----------------------------------------------------------------------- >--------- >WISPA Wants You! Join today! >http://signup.wispa.org/ >----------------------------------------------------------------------- >--------- > >WISPA Wireless List: wireless@wispa.org > >Subscribe/Unsubscribe: >http://lists.wispa.org/mailman/listinfo/wireless > >Archives: http://lists.wispa.org/pipermail/wireless/ > ________________________________________________________________ Sent via the WebMail system at avolve.net -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
