Symmetricom is selling off its video quality of experience product line to Cheetah Technologies for $2.5 million in cash.
The sale is slated to close in mid-March once the closing conditions have been met.
“The sale of QoE allows us to focus on strengthening our core business and extending our time and frequency value proposition into additional markets,” said Dave Côté, president and CEO of Symmetricom. “We are pleased that the innovative QoE technology will be continued by a company whose core business is in video content, and we plan to work closely with Cheetah to support our employees and customers through the transition.”
Under the terms of the agreement, Cheetah Technologies will acquire the assets related to Symmetricom’s QoE product line and will hire the majority of Symmetricom’s current QoE team.
The sale is expected to close by mid-March.
“To meet the demand for a high-quality viewing experience, our customers are becoming much more sophisticated in developing their video monitoring strategies. They need unified tools and processes to monitor video quality across their entire network more effectively – from source to consumer experience,” said Stephen John, Cheetah’s CEO.
“With the addition of the Video Quality Monitoring Business, we’re gaining a market-leading solution, which gives service providers the power to dive deep into video packets throughout every key part of their network, resulting in fewer service calls and the finest video experience for their customers.”