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Enea Acquires Centered Logic LLC

STOCKHOLM, Sweden, January 8, 2016 – Enea® (NASDAQ OMX Nordic:ENEA) acquires network management system vendor Centered Logic LLC.

Growing traffic volumes and increased network complexity, including Network Function Virtualization (NFV), drive the need for sophisticated and effective network management systems with high demands on functionality, scalability, performance, and reliability.

Centered Logic LLC is an established contender in the network management and service orchestration market, providing solutions for effective management of both traditional and virtualized networks. With its software platform ElementCenter, Centered Logic enables operators, network equipment manufacturers, NFV developers and systems integrators to quickly develop network management solutions for physical as well as software defined networks (SDN). Based in Nashua, New Hampshire, U.S., the company has already today customers both within and outside the US.

“I am happy to announce the acquisition of a small but fast growing and very interesting extension of our offering in the area of management and orchestration of physical and virtualized networks. Together with our existing Enea Element product line, ElementCenter will also add to the capabilities of our Enea COSNOS platform for developing and managing next generation network functions”, said Anders Lidbeck, President and CEO, Enea.

Enea will acquire the business assets of Centered Logic LCC, including its three employees and founding team and the IP rights to the ElementCenter product. “We are very excited to become a part of Enea,” said John Wagner, CEO of Centered Logic, LLC. “We believe the model-based architecture of the ElementCenter platform is a powerful and complementary addition to Enea’s suite of products for the networking industry, providing its customers with a unique end-to-end solution to challenges in management, virtualization, and orchestration.”

The acquisition of Centered Logic is expected to add a small positive contribution to the earnings of the Enea group during 2016. The purchase consideration consists of an upfront payment of 1.3 MUSD and an earn-out component over three years corresponding to the development of the acquired business, capped at 2.2 MUSD. The transaction is estimated to be completed in January 2016.

This is information of the type that Enea AB (publ) is obligated to disclose in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on January 08, 2016 at 07:20 CET.

For more information visit www.enea.com/investors or contact:

Anders Lidbeck, President & CEO

E-mail: anders.lidbeck@enea.com

Fredrik Medin, SVP Marketing and Communication
Phone: +46 709 71 40 11
E-mail: fredrik.medin@enea.com

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About Enea

Enea is a global supplier of network software platforms and world class services, with a vision of helping customers develop amazing functions in a connected society. We are committed to working together with customers and leading hardware vendors as a key contributor in the open source community, developing and hardening optimal software solutions. Every day, more than three billion people around the globe rely on our technologies in a wide range of applications in multiple verticals – from Telecom and Automotive, to Medical and Avionics. We have offices in Europe, North America and Asia, and are listed on NASDAQ OMX Nordic Exchange Stockholm AB. Discover more at www.enea.com and start a conversation at info@enea.com.

Enea®, Enea OSE®, Netbricks®, Polyhedra® and Zealcore® are registered trademarks of Enea AB and its subsidiaries. Enea OSE®ck, Enea OSE® Epsilon, Enea® Element, Enea® Optima, Enea® Optima Log Analyzer, Enea® Black Box Recorder, Enea® LINX, Enea® Accelerator, Polyhedra® Lite, Enea® dSPEED Platform, Enea® System Manager and Embedded for Leaders(TM) are unregistered trademarks of Enea AB or its subsidiaries. Any other company, product or service names mentioned above are the registered or unregistered trademarks of their respective owner. © Enea AB 2015.

Hitachi Communications chooses ElementCenter for VNF Management

Centered Logic, LLC announced that Hitachi Communications Technologies America, Inc. has chosen ElementCenter to deliver robust management capabilities for its mobile core product suite. HCTA intends to leverage the ElementCenter platform to provide a suite of solutions to manage its virtualized elastic Evolved Packet Core devices.


“We are very excited to partner with HCTA to help deliver high-quality management systems to HCTA’s customers,” said Subramaniam Aiylam, CTO of Centered Logic, LLC. “With the advent of virtualized network functions, the ability to dynamically manage diverse devices that ElementCenter’s model-based architecture enables is growing more and more important in next-generation networks. HCTA’s decision to use ElementCenter as the foundation for their management solutions underlines the agility it provides to our customers’ developers.”


About HCTA
Hitachi Communication Technologies America, Inc., provides communications products and services for the telecommunications, cable TV, utility, enterprise, industrial and other markets. Areas of focus include: mobile gateways (MME/LTE), smallcell solutions, traffic management systems (TMS), AeroMACS solutions; middleware, management systems and professional services for M2M services and vertical markets such as connected home, energy management, and telemedicine/telehealth applications. The company has a long history as a provider of optical transport technology, including mission-critical data center networking in partnership with Hitachi Data Systems.
For additional information, please visit http://www.hitachi-cta.com


About Centered Logic
Centered Logic, LLC provides ElementCenter – a robust, rapid application development platform that enables its customers to bring to market fully featured element and network management solutions. Deployed at carriers worldwide, the agility and reliability provided by ElementCenter’s unique model-based approach reduces by an order of magnitude the time-to-market and cost of deploying EMS/NMS solutions. In addition, Centered Logic also provides architecture and design services as well as custom solutions development.
For additional information, please visit http://www.centeredlogic.com

Centered Logic announces distributor in Japan

Centered Logic, LLC announced today that it has signed an agreement with AI Corporation, which will be responsible for distributing its products in Japan.
 
A.I. Corporation (AIC) is a software solutions vendor for the embedded system design and development, representing over 15 software makers to providing nearly 100 embedded software products and solutions to the customers in Japan.
AIC’s solutions and products cover a broad range of industries such as consumer electronics devices, automotive and telematix, digital office equipments, communication and network equipments, and industrial control and factory automation, and many other industries where embedded microprocessor based systems are running.
 
For additional information, please visit http://www.aicp.co.jp/
 
 
Centered Logic, LLC provides ElementCenter – a robust, rapid application development platform that enables its customers to bring to market fully featured element and network management solutions. Deployed at carriers worldwide, the agility and reliability provided by ElementCenter’s unique model-based approach reduces by an order of magnitude the time-to-market and cost of deploying EMS/NMS solutions.
 
For additional information, please visit http://www.centeredlogic.com