EKINOPS (Euronext Paris - FR0011466069 – EKI), a leading supplier of telecommunications solutions for telecom operators, today completes the acquisition of the OTN-Switch (Optical Transport Network) platform developed by Padtec, an optical communications system manufacturer based in Brazil.
OTN technology is used to switch data traffic over optical fibers, significantly optimizing network bandwidth utilization. The OTN technology will allow EKINOPS to meet growing market demand for this type of technology. It is estimated that over 40% of the optical network market uses OTN solutions.
This strategic acquisition will enable the Group to become a leader in this field and deliver additional revenue from new OTN products starting in 2020. By offering a global OTN/DWDM solution for optical networks product line, EKINOPS will be able to target the major operator core networks market segment with the objective to triple its optical transport product sales within 5 years.
EKINOPS has acquired the advanced OTN technology and an R&D team comprising 25 engineers based in Campinas, near Sao Paulo (Brazil) for €10 million in cash. Brazilian operations are overseen by Jean-Luc Pamart, co-founder of EKINOPS and VP of R&D for optical transport.
The acquisition is financed by the Group’s cash resources (€14.2 million net cash at December 31, 2018) and debt. The Group raised €6.5 million of bank loans in Q2 2019.
 Cash and cash equivalents minus borrowings (excluding bank debt relating to CIR research tax credit pre-financing)
EKINOPS (Euronext Paris - FR0011466069 – EKI), a leading supplier of optical transport equipment and router solutions for service providers and telecom operators, today announces successful certification of its media gateways in-line with BT’s Wholesale Hosted Communications (WHC) requirements.
EKINOPS (Euronext Paris - FR0011466069 – EKI), a leading supplier of telecommunications solutions for telecom operators, has published its revenue for the third quarter of 2019.
Following the announcement of the collaboration between EKINOPS and VeloCloud by VMware in March 2019, the two companies have worked to bring the solution to a new level. Now, VMware SD-WAN by VeloCloud VNF has achieved Integration Level 4 certification on EKINOPS OVP uCPE. This highest level of certification enables service providers to adopt the solution of “EKINOPS OVP uCPE and VMware SD-WAN by VeloCloud” with confidence.