IP Unity and Glenayre Messaging, a division of Glenayre Technologies, announced that "the parties have entered into a definitive asset purchase agreement for the consolidation of the two entities." In English: IP Unity is buying Glenayre Messaging.
The price is $25 million, and IP Unity will adopt the name IP Unity Glenayre. The combined entity will offer Glenayre's messaging applications bundled on IP Unity's carrier-grade media servers and application servers.
IP Unity has sold largely to MSOs, but also to wireline and fixed-mobile convergence customers; Glenayre has its roots in the wireless networking business. The two said they haven't a single customer in common.
Together they'll be able to pitch the convergence angle to a built-in global customer base of over 2,000 deployments for 300 wireline telco, cable, wireless and FMC service providers, large enterprises and public agencies.