Performance Technologies

Last updated
Performance Technologies Inc
Company type Subsidiary
Industry Networking and Communication Devices
Founded1981
Headquarters,
Key people
John M. Slusser
(Chief Executive Officer, President, and Chairman) Dorrance W. Lamb
(Chief Financial Officer, President, and Chairman) (Dec 31, 2012) [1]
Productsnetwork communications
Revenue $ 25.95M (Sep 30, 2013) [2]
Number of 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]

Contents

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

References

  1. "Officers and directors".
  2. "Company Key Statistics".
  3. "Business Summary".
  4. "Sonus Networks Announces Definitive Agreement to Acquire Performance Technologies, Inc". Archived from the original on 2013-12-24. Retrieved 2013-12-21.
  5. "Company Full Description". Reuters . Archived from the original on 2013-12-20.
  6. "Sonus Networks Announces Definitive Agreement to Acquire Performance Technologies, Inc" (Press release). 13 December 2013.
  7. "Diameter to MAP Interworking: Ease Migration to LTE/EPC/Diameter Signaling and Protect Investment in Existing Network Infrastructure".
  8. "Signaling Market Leader – PT – Announces Next-Generation LTE/IMS Diameter Core and Edge Solutions". 14 July 2023.
  9. "PT Expands Xpress Product Portfolio with Next-Gen Telemarketer Guard Solution".
  10. "PT Introduces LTE and WiMAX Application-Ready Systems".
  11. "PT Wins Best of Show Award for Compelling New Monterey 8000". Archived from the original on 2013-12-20.
  12. "PT Achieves Supplier Excellence Award". Archived from the original on 2013-12-19. Retrieved 2013-12-19.