Vecima Networks Explained

Type:Public
Founded:1988
Location:Victoria, British Columbia, Canada
Key People:Sumit Kumar (CEO & President), Surinder Kumar (Chairman), Dale Booth (CFO)
Area Served:Worldwide
Industry:Telecommunications, telematics equipment
Products:Distributed access architecture, video processing, content delivery networks, telematics
Num Employees:377 (June 2020)

Vecima Networks is a Canadian company that develops hardware and software for broadband access, content delivery, and telematics. It was founded in Saskatoon, Saskatchewan, and currently has offices in Saskatoon, Burnaby, Atlanta, London, Amsterdam, Tokyo, and is headquartered in Victoria. Vecima sells its products to original equipment manufacturers (OEMs), system integrators, MSOs and other service providers.

Sumit Kumar is the CEO and president. Surinder Kumar is the founder of the company and is the chairman of the board.[1]

History

In 1988 Wavecom Electronics was founded and incorporated by Surinder Kumar. In 1990, the first commercial products included a line of modulators for the cable television industry. In 1998, Wavecom relocated its corporate headquarters to Victoria.

In 2003, Wavecom changed the company name to VCom.[2]

In 2005, VCom transitioned to a public company – VCM on the TSX. In the same year, VCom wins the Advancing Technology award at BC Export Awards.

In 2006 VCom changed its name to Vecima Networks.[3] In December 2008, Vecima signed a supply agreement with Cisco Systems.[4]

In 2013, Vecima announced the appointment of Sumit Kumar to position of CEO.[5]

In 2017, Vecima sold YourLink to Xplornet.[6]

Acquisitions

In 2003, VCom acquired YourLink, a wireless service provider.

In 2007, Vecima acquired Spectrum Signal Processing (Burnaby), a signal processing hardware company.[7]

In 2016, Vecima acquired Contigo Systems, a telematics company.[8]

In 2017, Vecima acquired Concurrent Computer Corporation, a video content delivery and storage company.[9]

Notes and References

  1. https://vecima.com/about-us/company-overview/ Overview; Vecima Networks.
  2. Web site: Harris . Michael . 11 November 2005 . VCom Files for $25 Million IPO . 6 February 2024 . Light Reading.
  3. Web site: VCom Completes Purchase of Wave Wireless Assets – Golden Opportunities . 2024-02-06 . en-US.
  4. Web site: 10 December 2008 . Vecima, Cisco Enter CMTS Deal . 6 February 2024 . Light Reading.
  5. Web site: 2013-06-27 . Vecima Names New CEO . 2024-02-06 . Broadband Technology Report.
  6. Web site: Falconer . Kirk . 2017-01-09 . PE-backed Xplornet Communications acquires YourLink . 2024-02-06 . PE Hub . en-US.
  7. Web site: February 17, 2007 . WiMax specialist Vecima to acquire Spectrum Signal Processing . live . https://web.archive.org/web/20210813161934/https://www.eetimes.com/wimax-specialist-vecima-to-acquire-spectrum-signal-processing/ . August 13, 2021 . EE Times.
  8. Web site: Law . Stephen . 2016-03-11 . Vecima Networks acquires Contigo Systems . 2024-02-06 . Electronic Products & Technology . en-US.
  9. News: January 2, 2018 . Vecima Closes Acquisition of Concurrent / Markets Insider . 16 April 2021 . Business Insider.