BOCA RATON, Fla., Sept. 2 /PRNewswire/ -- Siemens Enterprise Communications Group (SEN Group), a leading provider of enterprise communications, and Netlink, one of the fastest growing U.S.-based providers of IT solutions, today announced a strategic global sales and service partnership. The partnership will extend the SEN Group's reach in 27 countries, with Netlink acquiring the SEN Group's world-class product and service portfolio in those countries. Customers will enjoy full continuity of service while benefiting from the broader portfolio of capabilities that the relationship delivers.
Commenting on the new partnership, Mark Stone, CEO and Chairman of SEN Group said, "We are very excited to be partnering with Netlink, a solutions provider with a rich heritage of sustained growth and outstanding customer satisfaction.
The agreement, representing euro 204 million ($308 million) over the SEN Group's fiscal 2008, includes Netlink's acquisition of the SEN Group's local assets across these countries: Estonia, Latvia, Lithuania, Finland, Sweden, Ukraine, Greece, Switzerland, Turkey, Ireland, Hungary, Bosnia, Bulgaria, Croatia, Slovakia, Slovenia, Serbia, Romania, Singapore, Malaysia, Thailand, Ecuador, Peru, Portugal, Venezuela, Chile and Canada.
Dilip Dubey, CEO of Netlink comments, "We are delighted to have this opportunity to partner with the SEN Group, which represents a further stage in the phenomenal growth journey of Netlink. We are looking forward to working with the SEN Group's customers in all 27 countries to support them in their continued success."
Stone concludes, "This announcement signifies another major step forward for SEN Group. It will provide enhanced capabilities to our customers, increase growth potential around the globe and will make smarter use of Netlink and our combined resources. It's a win-win-win result."
Completion of the agreement is expected in 6-8 weeks, in accordance with local laws and other required regulatory approvals.
About Siemens Enterprise Communications Group (SEN Group)
The SEN Group is a premier provider of end-to-end enterprise communications, including voice, network infrastructure and security solutions that use open, standards-based architectures to unify communications and business applications for a seamless collaboration experience. This award-winning "Open Communications" approach enables organizations to improve productivity and reduce costs through easy-to-deploy solutions that work within existing IT environments, delivering operational efficiencies. It is the foundation for the company's OpenPath(R) commitment that enables customers to mitigate risk and cost-effectively adopt unified communications. Jointly owned by The Gores Group and Siemens AG, SEN Group companies include Siemens Enterprise Communications, Cycos, and Enterasys Networks.
For more information about the SEN Group or Enterasys please visit or .
Note:Siemens Enterprise Communications GmbH & Co. KG is a trademark licensee of Siemens AG. HiPath, OpenOffice, OpenScape and OpenStage, are registered trademarks of Siemens Enterprise Communications GmbH & Co. KG or its affiliates. All other company, brand, product and service names are trademarks or registered trademarks of their respective holders.
This release contains forward-looking statements based on beliefs of Siemens' management. The words "anticipate," "believe," "estimate," "forecast," "expect," "intend," "plan," "should," and "project" are used to identify forward-looking statements. Such statements reflect the company's current views with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results to be materially different, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Actual results may vary materially from those projected here. Siemens does not intend or assume any obligation to update these forward-looking statements.
SOURCE Siemens Enterprise Communications Group