St. Louis, Missouri — July 16, 2008 — Belden (NYSE:BDC) has completed the acquisition of Trapeze Networks, a technology leader in wireless LAN equipment and network management software, for a cash price of approximately $133 million.
"Belden's strategy is to provide our customers with the world's most reliable signal transmission solutions for mission-critical applications, encompassing wireless systems as well as optical fiber, copper cable, and related connectivity products," said John Stroup, President and Chief Executive Officer of Belden. "Mobility is a requirement among our enterprise customers, and today's wireless technology provides the performance and security that make wireless an indispensable component of the enterprise network. The acquisition of Trapeze Networks uniquely positions Belden to address the enterprise market with a full complement of signal transmission solutions. We are eager to introduce Trapeze Networks' technology to Belden's enterprise customers."
Trapeze Networks delivers NonStop wireless networking with an industry leading combination of performance, security, manageability and reliability. Trapeze also offers the award-winning RingMaster wireless LAN management suite, arguably the finest network management software in the market today. Trapeze Networks wireless LANs built upon the Trapeze SmartMobile architecture is the most secure, reliable, and scalable enterprise WLAN available.
Trapeze Networks, a privately held company based in Pleasanton, California, with 2007 revenues of $56 million, sells its products into healthcare, education, manufacturing, retail, government and other enterprise verticals through OEMs and distribution channels. The Trapeze product portfolio is an end-to-end WLAN system built on a highly scalable and secure wireless operating system running on Trapeze Networks access points and controllers and features the industry's most robust management software capabilities.
Jim Vogt, President of Trapeze Networks, said, "Our customers can be assured that Trapeze Networks will aggressively continue to deliver the innovative, customer-centered systems and platforms they depend on for constant connectivity and reliable mobility. More than 4,000 organizations around the world have installed Trapeze wireless platforms. We look forward to expanding our customer relationships by working with the worldwide Belden sales and marketing organization."
Forward Looking Statements
Statements in this release other than historical facts are "forward looking statements" made in reliance upon the safe harbor of the Private Securities Litigation Reform Act of 1995. These forward looking statements are based on forecasts and projections about the industries served by the Company and about general economic conditions. They reflect management's beliefs and expectations. They are not guarantees of future performance and they involve risk and uncertainty. The Company's actual results may differ materially from these expectations. Some of the factors that may cause actual results to differ from the Company's expectations include demand for the Company's products; the cost and availability of materials including copper, plastic compounds derived from fossil fuels, and other materials; energy costs; the Company's ability to integrate successfully the acquired businesses; and other factors. For a more complete discussion of risk factors, please see our Annual Report on Form 10-K for the year ended December 31, 2007, filed with the SEC on February 29, 2008. Belden disclaims any duty to update any forward looking statements as a result of new information, future developments, or otherwise.
Sending All the Right Signals - from industrial automation to data centers, from broadcast studios to aerospace, from cutting-edge wireless communications to consumer electronics, Belden people are committed to delivering the best signal transmission solutions in the world. Our 8,000 associates worldwide work in copper cable, fiber, wireless technology, connectors, switches and active components to bring voice, video and data to your mission-critical application. With 2007 revenue of $2.0 billion, Belden has manufacturing capability in North America, Europe and Asia. To obtain additional information contact Investor Relations at 314-854-8054, or visit our website at www.belden.com.
About Trapeze Networks
Trapeze Networks is a leading provider of enterprise wireless LAN equipment and management software. Trapeze was the first company to introduce NonStop Wireless - delivering unmatched reliability to the enterprise wireless LAN and its solutions are optimized for companies requiring mobility and high bandwidth such as healthcare, education, and hospitality. Trapeze delivers Smart Mobile™ - providing scalable wireless LANs for applications such as Voice over Wi-Fi, location services, and indoor/outdoor connectivity.