Performance Technologies Explained

Performance Technologies Inc
Type:Subsidiary
Industry:Networking and Communication Devices
Products:network communications
Foundation:1981
Location City:Rochester, New York
Location Country:United States
Revenue:$ 25.95M (Sep 30, 2013)[1]
Key People:John M. Slusser
Dorrance W. Lamb
(Dec 31, 2012) [2]
Num Employees:115 (Sep 30, 2013)

Performance Technologies, Inc was set up in 1981 and now is based in Rochester, New York. The company engages in network communications, telecommunications, and military, aerospace and government systems. In January 2011, Performance Technologies acquired GENBAND's Universal Signaling Platform (USP) and SP2000 signaling technology.[3]

On December 13, 2013, Sonus Networks, Inc. and Performance Technologies entered into a definitive merger agreement, under which Sonus will acquire PT for $3.75 per share in cash, or approximately $30 million.[4]

Products

SEGway Signaling Solutions
SEGway Signaling Solutions provide integrated signaling, routing, IP migration, gateway capabilities, session initiation protocol (SIP) bridging, and distributed intelligence for 4G LTE and IMS telecommunications networks.
Monterey and IPnexus Application-Ready Platforms
These platforms are built on PT's hardware combined with PT's NexusWare Carrier Grade Linux operating system, enabling a range of IP (Internet protocol)-interworking in data acquisition, sensor, radar, and control applications for aviation, weather, and other infrastructure networks. PT's Monterey 8000 platform is the newest Monterey MicroTCA products.
Xpress SIP Applications
The Company's Xpress NGN (next-generation network) applications enable Mobile 2.0, Multi-media, and IMS-based revenue-generating services. There are mainly four Xpress applications: Prepaid/Postpaid services, Voice Messaging, Private Network Cost Optimizer and Telemarketer Guard.[5]

Operations

In December 2013, Sonus Networks, Inc. reached an agreement to acquire Performance Technologies, Inc. for $3.75 per share in cash, or approximately $30 million, net of PT's cash and excluding acquisition-related costs.[6]

Research and development

Awards

Notes and References

  1. Web site: Company Key Statistics.
  2. Web site: Officers and directors .
  3. Web site: Business Summary .
  4. Web site: Sonus Networks Announces Definitive Agreement to Acquire Performance Technologies, Inc.. 2013-12-21. https://web.archive.org/web/20131224084632/http://www.sonus.net/node/8386. 2013-12-24. dead.
  5. Web site: Company Full Description . https://web.archive.org/web/20131220013527/http://www.reuters.com/finance/stocks/companyProfile?rpc=66&symbol=PTIX.O. dead. 2013-12-20. .
  6. Sonus Networks Announces Definitive Agreement to Acquire Performance Technologies, Inc. . 13 December 2013 .
  7. Web site: Diameter to MAP Interworking: Ease Migration to LTE/EPC/Diameter Signaling and Protect Investment in Existing Network Infrastructure.
  8. Web site: Signaling Market Leader – PT – Announces Next-Generation LTE/IMS Diameter Core and Edge Solutions. 14 July 2023.
  9. Web site: PT Expands Xpress Product Portfolio with Next-Gen Telemarketer Guard Solution.
  10. Web site: PT Introduces LTE and WiMAX Application-Ready Systems.
  11. Web site: PT Wins Best of Show Award for Compelling New Monterey 8000 . https://web.archive.org/web/20131220014750/http://in.reuters.com/article/2011/11/02/idUS140791+02-Nov-2011+PRN20111102. dead. 2013-12-20.
  12. Web site: PT Achieves Supplier Excellence Award. 2013-12-19. https://archive.today/20131219171014/http://pt.com/item/pt-achieves-supplier-excellence-award.html. 2013-12-19. dead.

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