Enghouse Systems Limited (TSX: ENGH) has acquired Tollgrade Communications, Inc., a portfolio company of Golden Gate Capital, for approximately $23 million. Tollgrade’s annual revenue is approximately $24.0 million.
Tollgrade (formerly NASDAQ: TLGD) was taken private in May 2011 by Golden Gate Capital for US $137 million.
Cranberry, Pennsylvania based Tollgrade is a leading provider of centralized, software based test systems for broadband telecom access providers. The acquisition also adds a number of new global tier-1 and 2 customers in the U.S. and Europe. This enables Enghouse to position an expanding portfolio of OSS, BSS and Network Valued Added Services and strengthens relationships within an existing common customer base.
“The Tollgrade solution is an excellent addition to our OSS Service Assurance portfolio. It enables Enghouse to offer service providers the ability to reduce costs, increase profitability, assure network reliability and improve service quality,” said Sunil Diaz, General Manager, Enghouse Networks Group. “This enables a core strategy for service providers evolving to next-generation broadband over fiber and 5G access networks. We are pleased to welcome Tollgrade’s employees, customers and partners.”
“We are delighted that Tollgrade is joining forces with Enghouse Networks,” said Edward H. Kennedy, CEO of Tollgrade. “Together, Enghouse and Tollgrade will bring a wider portfolio of products and solutions to the market, benefiting our combined base of CSP customers.”
photo credit: Tollgrade