PacketFront divests its DRG/CPE division
PacketFront, the provider of products and solutions to broadband service providers, has signed a definitive agreement with Dutch based CPE (Customer Premises Equipment) specialist Genexis for the divestiture of PacketFront’s DRG/CPE Division.
‘After this divestiture PacketFront can focus on its three remaining businesses, our FTTH Access Division, our FTTH Network Solution Division and PacketFront Software Solutions AB, while still having access to a state-of-the art CPE portfolio. We will now invest further in all areas - sales, marketing and R&D – of these three businesses to further enhance their already strong positions as suppliers of innovative equipment, solutions and software for broadband service providers’’, says Henrik Scharp, CEO PacketFront.
PacketFront will continue to offer state-of-the-art CPE products as part of its FTTH Network Solution offering to existing and future direct customers as a distribution partner of Genexis.
‘The PacketFront leading CPE portfolio, its market presence and customer base, is a perfect complement to our company. The addition of PacketFront’s CPE group to Genexis is an important step towards becoming the leading player in home gateways for the FTTH market worldwide”, says Gerlas van den Hoven, CEO Genexis.
The transfer of PacketFront´s CPE Division to Genexis has become effective immediately as of February 1st 2012.
Press contact PacketFront:
Tuuli Waern, Marketing Manager
Phone: 46 70 7880 490 Email: tuuli.waern@packetfront.com
About the PacketFront Group
A pioneer of FTTH broadband networking, the PacketFront Group offers advanced complete purpose-built solutions for fiber-to-the-home (FTTH) networks as well as world leading FTTH Access, Customer Premises Equipment (CPE) and Broadband management software products. The PacketFront Group consists of three independent businesses all in the area of FTTH and high speed broadband and they are all technology leaders in their respective fields. For more information, please go to www.packetfront.com
About Genexis
Genexis is a trendsetting European company dedicated to the development, manufacturing and marketing of home gateways for fiber-to-the-home networks. Genexis’ design philosophy takes the full product lifetime into account: from investment and installation through to operation, Genexis’ products prove to deliver the lowest cost of ownership. At the same time, we focus on developing new concepts and products aimed to take full advantage of the benefits of optical fiber. Our customers are network operators throughout the world. Genexis’ solid technical knowledge and skills in fiber technology, Ethernet/IP and CATV networks, results in superior product performance. To meet and exceed our customers’ future expectations, Genexis participates in several innovative research programs. Genexis is headquartered in Eindhoven, the Netherlands – the centre of one of Europe’s key high-tech regions. For more information, please go to www.genexis.eu.
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