After announcing its intent to acquire DragonWave earlier this month, Arizona-based Transform-X said Wednesday that it has officially closed the deal, ending DragonWave’s 17-year run as an independent and then publicly-traded firm in Ottawa.
Now a wholly-owned subsidiary of Transform-X, the Ottawa-based supplier of packet microwave radio systems will officially be known as DragonWave-X.
The firm will continue to operate out of its Ottawa location, with Transform-X saying in a release that its product portfolio will expand into new “disruptive waveform, antennae and hardware technologies.”
OBJ360 (Sponsored)
Esmee Bennison says she wasn’t sure what she wanted to do with her life back in Grade 11, when she enroled in a technological design class at uOttawa. She had
How CN Cycle for CHEO powers world-class cancer research
“Kids shouldn’t have to die of cancer,” says Tamy Bell when asked why Dr. Shawn Beug’s research at CHEO is so important. Bell, after all, should know: Not only is
The Tucson-based firm also indicated that it has rights to patented technologies that can expand bandwidth and improve efficiencies for wired and wireless networks.
“The DragonWave-X acquisition is a crucial part of Transform-X’s strategic goal to acquire and integrate best-in-class 5G+ communications technologies, manufacturers and service companies that will compete and excel in the market for 5G+, small cell densification and RAN solutions to modern data demands,” said Transform-X CEO Dan Hodges in a statement.
Before its acquisition, DragonWave had been developing its own 5G technologies. The firm announced a partnership with Kanata neighbour Mitel on a 5G project in March of last year.
Founded in 2000, DragonWave went through a turbulent few years before the acquisition. Faced with dwindling revenues from its once-lucrative Nokia sales channel, the firm faced delisting from the Nasdaq exchange. It missed a series of deadline extensions before finally being delisted from both the TSX and Nasdaq in August, at which point it was placed in receivership and a buyer was sought.
The firm did find a bright spot this past summer in securing a contract with SmartSky Networks to provide inflight Wi-Fi.
Court documents indicate Transform-X will retain “substantially all” of DragonWave’s roughly 135 employees.
