VeEX is buying Sunrise Telecom, a deal that will combine the former’s telecom and cable test equipment business with the latter’s expertise in test, monitoring and workflow management solutions for cable, telecom, wireless operators, and equipment manufacturers.
VeEX said it will acquire substantially all of the operating assets of Sunrise Telecom, including its product lines, trademarks, intellectual property and associated assets. No value was put on the deal. Sunrise Telecom's stock has been trading well below $1 for years.
VeEX has been noted for developing innovative test solutions for customers including Cablevision and Suddenlink. With the addition of the Sunrise Telecom operations, VeEX will accelerate its growth and strengthen its presence in the CATV and telecom markets.