SOTAS Inc. Acquires S3NET Inc. to Create Superior Network Management Products.
GAITHERSBURG, Md.--(BUSINESS WIRE)--Jan. 25, 2000
New Company Will Provide Largest U.S. and International Telcos with
Comprehensive Voice and Data Network Management Solutions
SOTAS, Inc., a Safeguard Scientifics, Inc. company and a leading manufacturer of equipment that ensures the integrity of telecommunication networks around the world, today announced it acquired S3net, Inc. of Germantown, Md., a leading provider of innovative products to manage bandwidth based on quality, reconcile inter-company billing, manage fraudulent usage of voice and data networks, and improve network operating efficiency for telco customers worldwide.
Daniel McGinnis will remain president and CEO of SOTAS. S3Net CEO Jaswinder Matharu will become SOTAS' senior vice president and chief technology officer (CTO).
&uot;Acquiring a company like S3net was a logical step in our mission of providing comprehensive management solutions for even the most advanced voice and data networks,&uot; said McGinnis. &uot;S3net's expertise in signaling protocols like SS7 and C7, fraud prevention systems, and web based data management is a perfect complement to SOTAS' current portfolio of analog and digital intrusive testing systems and data management and reporting systems. The combined entity will provide innovative solutions that allow telecommunications carriers to more effectively, design, deploy, diagnose, visualize, monitor and manage communications networks.&uot;
&uot;This is an excellent opportunity for both companies,&uot; said Matharu. &uot;Our combined capabilities will enable us to add significant value to the entire spectrum of domestic and international telecommunications customers, thereby helping us to fulfill our ambitious plans for growth. Our merged product lines provide our customers with current tools to improve their billing accuracy, develop targeted sales and marketing programs, prevent fraud and improve their call routing.&uot;
The new company's strategic vision is to provide flexible and powerful information based products for the rapidly expanding global telecommunications market. With technology leadership in the signaling, data management and network management arena, and a customer-centric partnership approach, SOTAS anticipates a period of strong growth.
The combined companies have offices in Gaithersburg and Germantown, Md.; St. Louis, Mo.; Dallas, Texas; Suffolk, UK; and New Delhi, India. New locations are planned for Mexico, Brazil, Uruguay, Chile, Hong Kong, Singapore, Korea, and Japan this year.
S3net has an extensive customer list that includes Lucent, WorldCom, MaxCom and One Point Communications.
In addition, SOTAS has established long-term customer relationships with many of the major players in the telecommunications industry, including AT&, Axtel, British Telecom, Cable &Wireless, Concert, Global One, Korea Telecom, Quest, SITA/Equant, Sprint, and Viatel.
&uot;The acquisition of S3net by SOTAS has significant strategic benefits for Safeguard Scientifics,&uot; said Jerry Johnson, executive vice president of Safeguard. &uot;Many of our companies have established leadership positions in the communications and e-business marketplace. This new company has the vision and technical expertise to address the needs of the next generation of telecommunications carriers.&uot;
SOTAS, Inc. designs and manufactures products to ensure the integrity of domestic and international telecommunications systems. They provide complete solutions that allow their customers to maintain a competitive advantage in the industry. Established and incorporated in 1982, SOTAS supports a customer base of world-class telecommunications carriers and global corporations.
SOTAS serves the growing markets for analog, digital, and fiber-optic systems through four complementary product lines: TQMS, OSU&uot; Network Interface, Circuitsentry&uot;, and SmartCircuits. SOTAS also provides turnkey network monitoring and analysis services to IXCs, ISPs and CLECs. Visit www.sotasinc.com for additional information.
About S3net, Inc.
S3net is a provider of innovative, customer driven SS7/C7 and IP based signaling solutions, fraud prevention systems, and web based data management to customers worldwide. The company's strength lies in its depth of understanding of telecom networks, creative product development and dedicated employees. For more information visit www.s3net.com.
About Safeguard Scientifics, Inc.
Safeguard (NYSE: SFE) is an Internet-centric holding company that identifies, acquires, operates and manages business-to-business companies engaged in e-commerce, e-communications, and e-business software and services and has interests in several private equity funds.
Its network of partner companies and private equity funds creates an environment through which companies can leverage one another's information technology, operational experience, business contacts, and industry expertise. For more information on Safeguard, visit www.safeguard.com.
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|Date:||Jan 25, 2000|
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