Comtech Buys Solacom for $33M
Tuesday, January 08, 2019 | Comments

Comtech Telecommunications agreed to acquire Solacom Technologies, provider of next-generation 9-1-1 (NG 9-1-1) solutions for public-safety agencies, for $33 million.

The acquisition expands Comtech’s presence in the public-safety solutions market, enhances relationships with existing customers and allows it to offer an immediate upgrade path to next-generation call-handling solutions. Solacom also brings new relationships with state and local agency customers, as well as certain select international customers, and the agreement increases the proportion of Comtech’s annual revenues derived from recurring hosted and maintenance solutions.

Pierre Plangger, a large shareholder of Solacom, will continue to serve as CEO and president of Solacom.

“We believe Solacom is a leader in technology innovation in the NG 9-1-1 space, and we are delighted to have them join us,” said Fred Kornberg, Comtech president and CEO. “With safety and security markets at growth inflection points, the Solacom acquisition is a significant step in our strategy of enhancing our solutions offerings, particularly with respect to NG 9-1-1 capabilities. We look forward to working with Solacom’s talented workforce to deliver innovative market-leading products and services to both domestic and international public safety agencies.”

The impact of the Solacom acquisition with respect to Comtech’s fiscal 2019 financial guidance will be dependent on the timing of the closing of the transaction, expected to occur sometime during Comtech’s fiscal quarter ending April 30. The transaction is subject to customary closing conditions.

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