Ekinops, a supplier of next-generation optical network equipment, has completed the acquisition of OneAccess. This combination is credited with creating a major player in transport, Ethernet and corporate routing solutions for telecommunications networks.
Financially, the deal will generate combined revenues of approximately €76 million and a pre-tax earnings margin of 6.3%. The market capitalization of the new group amounts to approximately €119 million euros (as of September 29, 2017).
Ekinops said the combined technological vision of the two companies and their highly complementary product sets will enable the merged entity to better serve its customer needs: “Key industry trends such as Network Function Virtualization and exponential increase in Internet traffic are driving strong customer demand for the solutions developed by EKINOPS and OneAccess.”
Furthermore, OneAccess has developed a strong presence with very large operators (with 15 customers in the world’s top 30 players), while Ekinops primarily addresses second-tier carriers, many of which are in the US market. The strong complementarity and limited overlap between the two companies’ customer base should place Ekinops in a strong position to generate commercial synergies.
Didier Brédy, Ekinops’ CEO, commented, “With the completion of this acquisition, Ekinops will be a stronger company, positioned for future growth. Our shared technological vision, strong software culture and significant commercial, geographic and complementary product sets will enable us to create value for our customers, employees and shareholders.”
Pennsylvania’s KINBER selects Ekinops to boost network capacity to 100GE
The Keystone Initiative for Network Based Education and Research (KINBER), Pennsylvania’s state-wide research, education and community networking organization, has increased its capacity and service capability over its state-wide PennREN backbone infrastructure using optical networking equipment from Ekinops.
Ekinops gave Pennsylvania research network KINBER a 10-fold increase in bandwidth across its state-wide system. Harrisburg-based KINBER provides network connectivity and services – including IP, Ethernet, and wavelength services – to more than 80 organizations in Pennsylvania. KINBER owns and operates a more than 1,800-mile fibre network across the Commonwealth of Pennsylvania with access points in 47 of the 67 Pennsylvania counties.
To meet increasing demand, KINBER installed two 100G long-haul connections using its Ekinops 360 platform, one span extending 166 miles and the other extending 609 miles of the East Ring of the PennREN Network with a round-trip latency of only 11 milliseconds on the longer route. KINBER’s PennREN network upgrade using Ekinops 360 represents the first availability of 100GE capability across the commonwealth.
“It was critical to us to not only implement a network with far more capacity, but to do it quickly and make sure there would be no interruption in service to our users,” said Mike Carey, Director of Operations of Kinber.
“We’re excited to have Kinber as a valued Ekinops partner,” said Kevin Antill, VP Sales, North America. “Research and education networks are heavy bandwidth users and this move to 100G will assure that KINBER can continue to meet its service requirements.”