Over the last few years, the Aperi products have been deployed at some Tier1 customers globally. The acquisition of Aperi’s all-IP product portfolio, built on an open, flexible and virtualized software architecture will complement and improve competitiveness of Net Insight’s existing media transport portfolio. As part of this transaction, eight Aperi engineers will join Net Insight to continue drive development and support of the Aperi products.
This acquisition supports Net Insight’s growth strategy of increased focus and investment in the core Media Networks business area. Net Insight has lately launched new products for internet-based transport (Nimbra 400) and cloud-based transport (Nimbra Edge). Key components of the growth strategy also include accelerated Nimbra product development and a commitment to offer open standards Nimbra products to the market.
With this transaction, effective immediately, Net Insight acquires the full product portfolio, IPRs, brand and inventory from Aperi Corporation for USD 1.2 million in cash. The estimated impact on Net Insight operating earnings for 2020 is limited.