Tuesday, 02 July 2019 04:57

Aussie brand NetComm disappears after Casa Systems' takeover

Aussie brand NetComm disappears after Casa Systems' takeover Image by Pete Linforth from Pixabay

Australian networking solutions provider NetComm Wireless has ceased to exist as an individual brand as of Monday, following the finalisation of its acquisition by Massachusetts-based converged broadband solutions company Casa Systems.

The name of the 37-year-old NetComm, which developed Australia's first dial-up modem, will disappear altogether with its absorption into the American firm.

NetComm's agreement to the deal was announced in February. It will now operate as a fully-owned subsidiary of Casa Systems which paid A$161 million to buy the Australian firm.

NetComm directors Justin Milne, Stuart Black, David Stewart, David Spence and Jacqueline Korhonen all resigned from the board following the finalisation of the deal, while Steven Collins, Scott Bruckner and Timo Brouwer were appointed to the board. Ken Sheridan quit on 28 June.

The company will apply on Tuesday to be delisted from the Australian Stock Exchange.

Casa Systems president and chief executive Jerry Guo said: “We are very excited to welcome NetComm to the Casa Systems family. “Casa and Netcomm share similar values, as well as rich engineering cultures.

"We look forward to building on both companies’ long histories of bringing innovative products to the communications industry. By combining our two companies, Casa is able to provide additional connectivity solutions that address our customers’ needs.

"Our shareholders will benefit from our expanded addressable market, potential to further grow our revenue, and greater geographic and customer diversification.“

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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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