The new company formed by the merger of Wavetek Wandel
Goltermann (WWG) and TTC today announced that it has reached
a definitive agreement to acquire Cheetah Technologies
through Dynatech Corporation, the new company's parent
organisation. Cheetah will be combined into the new
company's Cable Networks Division based in Indianapolis.
This transaction brings together the industry leaders in
field test and network management systems. The combined
business unit will focus on creating broadband solutions
designed to streamline and unify the network operations
process. Cable operators will benefit from comprehensive
systems that enhance the installation, management and
service of HFC networks.
The new company, a global leader in optimising today's
communications systems and networks, has combined revenues
of more than $800 million, more than 4,000 employees, and a
presence in 80 countries. It will announce its new name
later this summer.
One Comprehensive, Integrated Solution
By integrating the new company's market-leading family of
WWG portable field meters with Cheetah's expert network
monitoring systems, the new business unit will provide one
comprehensive integrated solution that will streamline
operations, lower costs, simplify staff training, and
improve network reliability. It will capitalise on the joint
resources of each company's R&D, resulting in new
value-added, integrated solutions coming to the market
faster. In the meantime, both the new company and Cheetah
will continue to support their existing products.
Cable operators will also benefit from the worldwide
professional services, training and customer support
resources of both companies. In the future, customers will
have access to one team of experts that will provide
installation, consulting and technical assistance services.
Until then, customers will continue to get the same high
level support from their current product provider's sales
and customer service representatives.
Joe Budano, group president, Multi-Media Group said, "It has
always been our goal to improve operator effectiveness by
linking the NOC with field operations. By bringing the
industry leaders in field test and network management
systems together, we have created a company capable of
unprecedented innovation. We will support cable operators
through the challenges of deploying advanced services and
maintaining their networks. Our new combination makes this
Brett Price, president of Cheetah Technologies said, "We are
excited about bringing the talent and customer base of both
companies together. This truly serves all customers and
helps move the cable industry forward. The combined
resources of the new company and Cheetah will accelerate the
evolution of our products and services to new levels,
assisting cable companies in their challenge to continue to
offer robust, converged services".
About the New Company
The May 23, 2000 merger of Wavetek Wandel Goltermann and
TTC, the communications test industry's second and third
largest companies, has created a global leader offering a
wide range of solutions that optimise communications systems
and networks. The new company, to be named later this year,
is a division of Dynatech (OTC-BB: DYNA). The new company
enables customers to strengthen profitability by improving
service to their customers through the widest range of
network analysers, systems, software, strategic services and
technical training available in the industry.
Customers include service providers, enterprises, end users
and equipment manufacturers. These customers use the
company's products to develop, manufacture, install and
maintain their equipment and networks in the
telecommunications, cable and digital broadcast, wireless
and enterprise network industries. The new company,
headquartered in Germantown, Maryland, USA, is present in
more than 80 countries and employs 4,000 people worldwide.
For more information, please visit the new company's Web
site at http://www.power2lead.com
Dynatech Corporation is a global communications equipment
company, focused on network technology solutions.
Headquartered in Burlington, Massachusetts, Dynatech sells
its products worldwide through subsidiaries located
throughout the Americas, Europe and Asia.
About Cheetah Technologies
With more than 25 years of experience in the cable
television industry, Cheetah Technologies is a leading,
high-tech developer and manufacturer of broadband network
management systems. Under the Cheetah product name, the
company provides system solutions for status monitoring,
network management and automated test products. Cable
operators worldwide use the Cheetah system to improve
network reliability for delivery of advanced services such
as high speed internet, telephone over cable and other
interactive cable services.
The company has hundreds of systems installed worldwide,
including major customer relationships with AT&T, MediaOne
and Cox in the United States, as well as Jupiter and Titus
in Japan, GloboCabo in Brazil and UGC and ntl in Europe.
Cheetah Technologies is headquartered in Bradenton, FL.
This press release may contain forward-looking statements
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, which reflect the Company's current
judgment on certain issues. Because such statements apply to
future events, they are subject to risks and uncertainties
that could cause the actual results to differ materially.
Important factors which could cause actual results to differ
materially are described in the Company's reports on Form
10-K and 10-Q on file with the Securities and Exchange
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