Melville, New York, January 8, 2019 – Comtech Telecommunications Corp. (“Comtech”) (Nasdaq: CMTL) announced today that it has agreed to acquire Solacom Technologies Inc. (“Solacom”), a leading provider of Next Generation 911 (“NG911”) solutions for public safety agencies for $33.0 million.
Fred Kornberg, President and Chief Executive Officer of Comtech, said, “We believe Solacom has been a leader in technology innovation for the NG911 space and we are delighted to have them join us. With safety and security markets at growth inflection points, the Solacom acquisition is a significant step in our strategy of enhancing our solutions offerings, particularly with respect to NG911 capabilities. We look forward to working with Solacom’s talented workforce to deliver innovative market-leading products and services to both domestic and international public safety agencies.”
The Complete Press Release can be Found at the Link Below
Comtech Telecommunications Corp. Announces Strategic Deal to Acquire Solacom Technologies Inc. for $33.0 Million | Solacom
Fred Kornberg, President and Chief Executive Officer of Comtech, said, “We believe Solacom has been a leader in technology innovation for the NG911 space and we are delighted to have them join us. With safety and security markets at growth inflection points, the Solacom acquisition is a significant step in our strategy of enhancing our solutions offerings, particularly with respect to NG911 capabilities. We look forward to working with Solacom’s talented workforce to deliver innovative market-leading products and services to both domestic and international public safety agencies.”
The Complete Press Release can be Found at the Link Below
Comtech Telecommunications Corp. Announces Strategic Deal to Acquire Solacom Technologies Inc. for $33.0 Million | Solacom
