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  • Westell Technologies, Inc. (WSTL) Announces Acquisition Of Kentrox 0 comments
    Mar 19, 2013 3:38 PM | about stocks: WSTL

    Westell Technologies has announced it will acquire global intelligent site management solutions leader Kentrox. A definitive acquisition agreement has been signed, and the $30 million cash transaction is anticipated to close on April 1.

    A leading provider of intelligent site management solutions with a wireless focus, significant software content, worldwide reach, outstanding customers, and solutions that are a complement to Westell's, Kentrox is an ideal fit within Westell's growth strategy. Additionally, Kentrox boasts an impressive team, superior capabilities, and good sales momentum. Westell anticipates that the acquisition will propel the company to around $80 million in annual revenue - also adding to earnings for fiscal 2014, which begins on April 1.

    An innovator in comprehensive monitoring, management, and control of remote sites, including cell sites and towers, Kentrox offers solutions that allow network operators and service providers to reduce their costs while improving network performance and security. Included among Kentrox's customers are major wireless and fixed-line telecommunications carriers, tower providers, cable and broadband network providers, utility companies, and enterprises. Kentrox's revenues for the 12 months ending Dec. 31, 2012 were around $29 million.

    "This is a great combination for our customers and employees," said Kentrox President and CEO Rich Cremona. "Westell has excellent customer relationships, supply chain capabilities and financial strength that will help Kentrox continue to develop and market world-class solutions and leverage our growth."

    On Tuesday, March 19 at 9:30 a.m. EDT, management will host a conference call to discuss this acquisition. Participants can register for the call at www.conferenceplus.com/westell. Following online registration, participants will receive a dial-in number, passcode, and personal identification number that will automatically join them to the audio conference. Those not wishing to register can participate in the call by dialing (888) 206-4065 no later than 9:15 a.m. EDT and using confirmation number 34484823 followed by the pound (#) key. International participants should call (630) 827-5974.

    An archived version of the conference call in its entirety can be accessed at www.westell.com via Digital Audio Replay after approximately noon EDT following the call. A replay can also be accessed by dialing (888) 843-7419 or (630) 652-3042 and entering 6887 757 followed by pound (#).

    For more information, visit www.westell.com

    Sign up for "The Mission Report" at www.MissionIR.com

    Stocks: WSTL
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