Effnet Group acquires Factum Electronics AB from Teracom

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Effnet Group acquires Factum Electronics AB from Teracom Effnet Group AB has today acquired Factum Electronics AB from Teracom. Factum Electronics based in Linköping, Sweden, has been working with DAB, digital radio since 1995 and NICAM, digital stereo sound for television, since 1988. Factum has sold to customers within the broadcasting and CATV industries in more than 30 countries around the world. "During the last years Factum has invested large resources in the technical development of digital radio systems for the broadcasting market. As we see a substantial growth potential in this market, we believe our experience in international commercialization of technical projects will be very beneficial to Factum" says Göran E. Larsson, Effnet's CEO. "After many years of focused technical development, we now have leading edge products. In Effnet we see an excellent long term owner providing considerable experience as well as financial strength", says Johan Ericsson, CEO of Factum Electronics. About Effnet Effnet develops and sells embedded software that increases the efficiency, speed and security of IP traffic on fixed and mobile networks to manufacturers of network products. Effnet techniques enable optimal performance for IP packet processing. The company was founded by leading researchers in the Header Compression field and has operations in Stockholm, Sweden and Tucson, Arizona. Effnet Group AB is quoted on the New Market in Sweden (symbol: EFFN). More information can be found at www.effnet.com. For further information please contact: Göran E. Larsson, CEO Effnet Group AB Tel: +46 8 564 605 50 Mobile: +46 705 65 68 69 Johan Ericsson, CEO Factum Electronics AB Tel: +46 13 36 86 15 Mobile: +46 708 60 48 71 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net