Teleste and Cybercom expand partnership on R&D activities

Data communications systems provider Teleste and Cybercom Plenware have reached an agreement about co-operation in R&D activities. The agreement covers two years.

Through the agreement Cybercom Plenware will manage parts of Teleste’s R&D activities. In addition 23 of Teleste's employees will join Cybercom’s staff with current terms.

"This gives us flexibility in resource planning, enables our future growth and gives us possibility to concentrate on our core business. We also strengthen our existing partnership with Cybercom", says Teleste CTO Esko Myllylä.

"We are very excited to expand our cooperation with Teleste, because this deal adds significantly to our competence of hardware design and Linux software development. We are also very happy that our partnership with Teleste rises to strategic level", says Cybercom Plenware CEO Hannu Meskanen.

"Teleste’s show of trust is very important for us and we see good potential in expanding our partnership going forward. Outsourcing contracts strengthens our relationships and gives our business long-term stability" says Patrik Boman, president and CEO, Cybercom Group.