Vecima Networks, Inc. to acquire the Assets of Casa Systems’ Cable Business
Acquiring Company
Vecima Networks
Acquired Company
Casa Systems
Victoria
AndoverHardwareSoftwareTelecommunicationsSoftwareDescription
Vecima Networks, Inc. has entered into an asset purchase agreement to acquire the Cable Business assets of Casa Systems, Inc. or its subsidiaries for a purchase price of USD $20 million. The transaction is subject to Bankruptcy Court approval and other bids for the Cable Business assets at an auction coordinated through the Bankruptcy Court. The closing of the transaction is expected to occur at the beginning of June 2024, subject to the aforementioned approvals and conditions.
Quick answer
Vecima Networks is acquiring Casa Systems, announced April 3, 2024. Vecima Networks is based in Victoria, British Columbia, Canada.
- How much did Vecima Networks pay for Casa Systems?
- The deal value was not disclosed.
- What does Vecima Networks do?
- Vecima Networks Inc. (TSX: VCM) is leading the global evolution to the multi-gigabit, content-rich networks of the future.
- Where are Vecima Networks and Casa Systems based?
- Vecima Networks is based in Victoria, British Columbia, Canada. Casa Systems is based in Andover, Massachusetts, United States.
- Who are the decision-makers at Vecima Networks?
- Fundz holds 1 contact at Vecima Networks. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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When Vecima Networks changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Related People
Frequently asked
Who acquired Casa Systems?
Casa Systems was acquired by Vecima Networks, based in Victoria. The deal was reported on April 3, 2024. Vecima Networks Inc. (TSX: VCM) is leading the global evolution to the multi-gigabit, content-rich networks of the future. Vecima Networks is privately held and operates in Hardware.
When did Vecima Networks acquire Casa Systems?
Vecima Networks's acquisition of Casa Systems was reported on April 3, 2024. Vecima Networks, Inc. has entered into an asset purchase agreement to acquire the Cable Business assets of Casa Systems, Inc. or its subsidiaries for a purchase price of USD $20 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Casa Systems do?
Casa Systems, Inc. (Nasdaq: CASA) is a next-gen technology leader that supports mobile, cable, and wireline communications services providers with market leading solutions. It is privately held, operating in Software, and is based in Andover.
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