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Northland Capital Markets served as a financial advisor for CSI for the acquisition, and Ballard Spahr LLP acted as legal counsel to CSI. Fredrickson & Byron, PA acted as legal counsel to Ecessa
Fremont, CA: IoT intelligent edge products and services company Communications Systems (CSI), completed the acquisition of privately held Ecessa Corporation. Plymouth based Ecessa is a designer and distributor of software-defined wide-area networking (SD-WAN) solutions for businesses through the deployment of over 10,000 field installations of Ecessa Edge®, PowerLink®, and WANworX® controllers.
“Ecessa fits perfectly with our vision of becoming a leading provider of IoT intelligent edge products and services. Once fully integrated, Ecessa’s acquisition will provide greater sales opportunities to expand our services platform and offer cost synergies by complementing the existing network of products and services of JDL and Net2Edge. As our industry continues to evolve, we remain committed to innovations and are constantly looking for opportunities that will deliver the right services to our clients” said Roger Lacey, CEO of CSI.
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[vendor_logo_first]Northland Capital Markets served as a financial advisor for CSI for the acquisition, and Ballard Spahr LLP acted as legal counsel to CSI. Fredrickson & Byron, PA acted as legal counsel to Ecessa. “Our healthy balance sheet and strong cash position support our 2020 growth strategy of focusing on high margin / recurring sales business models where ‘software as a service’ becomes an increasing proportion of future revenue. As our team continues to develop easy-to-use / easy-to-integrate applications and services, we are working to develop an ecosystem of partnerships and at the same time seeking additional attractive acquisitions/merger opportunities,” Lacey added.
The financial details of the transaction remained undisclosed. Ecessa's technology has enabled organizations of all sizes to run Internet and cloud-based applications, connect offices worldwide and distribute traffic among a fabric of multiple, diverse ISP links, ensuring business continuity by removing bottlenecks and eliminating network downtime. Ecessa CEO, Mike Siegler, will continue leading the group while also serving as a General Manager for CSI.
“This merger enables Ecessa to build on an 18-year track record of providing industry-leading customer support and innovative network products in the IT infrastructure space. Serving the SD-WAN market, we have seen the network edge rapidly change, becoming more intelligent and more critical to everyday business. With CSI, we have more of the technology customers are looking for, more sales channels to engage with, and more global reach and support capabilities. CSI and Ecessa are truly stronger, together. Our customers will experience that on day one,” added Siegler.
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