Sunrise Telecom will sell its Protocol Products Group (PPG) to LTE Innovations, a leading OSS consulting organization for the telecom industry, for approximately EUR 8 million, roughly $10 million in cash. The transaction is expected to close in the fourth quarter of 2008. The completion of the transaction is subject to customary closing conditions.
Sunrise Telecom’s PPG division, which is based in Modena, Italy, is known for its 3GMaster and NeTracker protocol analyzer solutions, though most recently, its Traffic Analysis and Monitoring System (TAMS) and Mobile X-Ray Mobile Data Services analysis platform have gained recognition as dominant monitoring and troubleshooting platforms for advanced telecom environments.http://www.sunrisetelecom.com/http://www.lteinnovations.com
