PERLE COMPLETES ACQUISITION OF ACCLAIMED TRINEXUS ROUTER PRODUCT LINE
Acquisition Strengthens Perle's IP Connectivity Product Offering with the Future Addition of New Technologies
Perle Systems Limited (NASDAQ: PERL; TSE: PL) a leading developer and manufacturer of networking products for IP and e-business access, today announced that it completed the acquisition of the TriNexus Communications router product line. Perle anticipates that this acquisition will generate positive cash flow and be accretive to Perle’s earnings in its next fiscal quarter.
Perle plans to fully integrate these products into its IOLINK router product line. With IOLINK products, Perle customers have a flexible and secure end-to-end solution for remote offices to conduct their business over private or public IP networks such as the Internet and can include the implementation of a VPN infrastructure. This acquisition will further strengthen Perle’s IP connectivity offerings in the future by incorporating new technologies such as enhanced security through 3DES and RSA SecurID™ access control and additional connectivity through Voice over IP and wireless LAN connectivity.
Chief Executive Officer, Joe Perle, stated, “There are substantial strategic benefits to be realised from securing ownership of this high functioning technology for Perle. Utilising our proven development and marketing expertise, Perle can now manage the positioning and development direction of this product line to focus on the needs of our customers and the high growth areas of Internet Protocol-based connectivity. These products, which have recently received excellent reviews from the Infoworld Test Centre and Linux Server Computing, will effectively complement our extensive offering as well as contribute to sales growth and profitability.”
With this acquisition, Perle gains ownership of the intellectual property rights of this product line as well as related physical assets and inventory. This cash acquisition was completed as an asset purchase.
About Perle Systems
Perle Systems is a leading developer, manufacturer and vendor of award-winning networking products. These products are used to connect remote users reliably and securely to central servers for a wide variety of e-business and general business applications. Perle specialises in Internet Protocol (IP) connectivity applications, with an increasing focus on mid-size IP routing solutions. Product lines include routers, remote access servers, serial servers, multi-port serial cards and network controllers. Perle distinguishes itself by its ownership of extensive networking technology, depth of experience in major network connectivity environments and channel relationships in major world markets. Perle Systems has offices in 11 countries and sells its products through distribution channels worldwide. Its common shares are traded on the NASDAQ Stock Market (symbol PERL) and the Toronto Stock Exchange (symbol PL).
Further information on Perle – including interviews, reviews and photography available from Graham Thatcher or Juliette Doel at MCC International.
Graham Thatcher/Juliette Doel
MCC International Ltd
Tel: 01962 888100
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