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Continuous Computing expanded its China operations by acquiring key people, products and technology from UPTech’s product division—not by buying the entire company. Announced on June 7, 2005, the deal closed on July 20 and added about 80 employees across Shenzhen and Beijing, alongside a new Shenzhen subsidiary.
What Continuous Computing acquired from UPTech
The transaction covered key personnel, products and technology in the product division of United Platform Technologies (UPTech). The acquisition price was not disclosed in EE Times’ 2005 coverage. EE Times
UPTech was described as a leading software and product provider in China’s growing VoIP market. Its capabilities complemented Continuous Computing’s telecom platform portfolio, including Trillium protocol software, AdvancedTCA and CompactPCI systems, upSuite platform management, Trillium+plus Network Service-Ready Platforms, and customization and product-life-cycle services. Continuous Computing
How the acquisition expanded Continuous Computing in China
After the deal closed, Continuous Computing announced Continuous Computing China Technologies (Shenzhen) Co., Ltd. The company said the transaction expanded its staff by approximately 80 people in Shenzhen and Beijing. The earlier agreement announcement had also described an expected addition of about 80 employees, primarily in Shenzhen. Continuous Computing
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Continuous Computing said the combination would extend its global reach and augment sales, development and manufacturing capabilities. It expected the expanded team and product base to help accelerate delivery of Network Service-Ready Platforms to telecom equipment manufacturers. The company also reported having more than 125 customers worldwide in 2005. Continuous Computing
Who led the integration
King Chen, UPTech’s chief technology officer and product-division general manager, was appointed to lead Continuous Computing’s new IP.Enterprise business unit. The announcement cited Chen’s relationships with Chinese telecom equipment manufacturers as an asset for the integration.
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Continuous Computing president, CEO and co-founder PJ Go said the deal would help the company meet its 2005 goals for global reach and stronger sales, development and manufacturing capabilities. UPTech CEO Chareleson Zheng described the arrangement as beneficial to both companies and said UPTech would focus on software and services.
When the deal happened—and what its price was
| Milestone | Details |
|---|---|
| Agreement announced | June 7, 2005 |
| Acquisition closed | July 20, 2005 |
| Employees added | Approximately 80, according to Continuous Computing’s 2005 announcements |
| Purchase price | Not disclosed in EE Times’ 2005 coverage |
EE Times also reported that Continuous Computing had raised $15 million in a funding round the prior year; that financing was separate from the UPTech transaction. EE Times
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Why UPTech’s products mattered to telecom customers
The strategic fit joined UPTech’s Chinese VoIP-market experience with Continuous Computing’s carrier-oriented platforms and services. For telecom equipment manufacturers, the portfolio spanned software protocols and platform management as well as systems built on CompactPCI and AdvancedTCA standards. The announcements identify these product categories, but do not establish current model-level specifications, prices or availability.
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