The merger creates a truly global wireless backhaul company focused on providing high performance backhaul solutions essential to the deployment of LTE, LTE-A, VoLTE, 4G and 5G mobile networks.
Business Growth Fund, Sub10’s main shareholder, remains as a minority investor in the enlarged entity with all of the previous investors in the two companies participating as investors in the new combined company. The merged company will operate as Fastback Networks and the founders and existing executives of both companies will lead the new business.
“From the outset, the Acuity team proved their detailed understanding of the wireless industry, demonstrating both the technical and market knowledge necessary to gain the trust of all parties. Combining a hands-on approach with a deep understanding of the mobile sector, Acuity was a catalyst in the merger of Sub10 and Fastback, creating a powerful and leading force in wireless backhaul solutions as the small cell market continues to gain momentum. I am happy to recommend Acuity to other companies in the telecommunications industry that are seeking new strategic relationships and investment to grow their market presence and technology leadership.”
STUART BROOME
Sub10 Networks