M&A Deal Summary

Hermes Technology Acquires Wi-LAN - VIP 110-24 Advantage

On April 8, 2002, Hermes Technology acquired information technology company Wi-LAN - VIP 110-24 Advantage from Wi-Lan

Acquisition Highlights
  • This is Hermes Technology’s 1st transaction in the Information Technology sector.
  • This is Hermes Technology’s 1st transaction in Canada.
  • This is Hermes Technology’s 1st transaction in Ontario.

M&A Deal Summary
Date 2002-04-08
Target Wi-LAN - VIP 110-24 Advantage
Sector Information Technology
Buyer(s) Hermes Technology
Sellers(s) Wi-Lan
Deal Type Divestiture

Target

Wi-LAN - VIP 110-24 Advantage

Ottawa, Ontario, Canada
Wi-LAN, Inc. - VIP 110-24 Advantage product incorporates Wi-LAN’s patent-pending anypoint-to-multipoint VINE technology, which permits the implementation of long distance, medium subscriber density broadband Internet access networks a node-at-a-time. VINE networks deal with Non-Line of Sight (NLOS) limitations in a cost-effective manner by using established network nodes as repeaters for other nodes that either do not have Line-of-Sight or are too distant to have direct connectivity to the Internet node. VINE networks thus can have significantly lower costs than conventional cell based networks particularly when covering large sparsely populated areas. The VIP 110-24 is easy to install, operates over long distances, overcomes many NLOS obstacles and provides economic performance and capacity in the license-exempt 2.4 GHz frequency band.

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Buyer(S) 1

Buyer

Hermes Technology

Christchurch, New Zealand
Category Company
Sector Technology Hardware
DESCRIPTION

Hermes Technology Ltd. is a is a provider of communications solution products that rectify the existing lack of connectivity in rural Oceania.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2002) 1 of 1

Seller(S) 1

SELLER

Wi-Lan

Ottawa, Ontario, Canada
Category Company
Founded 1992
Sector Information Technology
Employees66
Revenue 98M USD (2014)
DESCRIPTION

Wi-Lan, Inc. is a developer of patented technologies, which are used in products in the communications and consumer electronics markets. The Company was founded in 1992 and is based in Ottawa, Canada.

DEAL STATS #
Overall 1 of 3
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 3
State (Ontario) 1 of 3
Country (Canada) 1 of 3
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-19 UC Wireless

California, United States

UC Wireless is a provider of wireless WAN products that are complementary to Wi-LAN's product lines, a customer base to extend Wi-LAN's international reach and significant resources in the areas of DSP, software and RF engineering.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-10 Wi-LAN - W-OFDM

Ottawa, Ontario, Canada

Wi-LAN, Inc. - W-OFDM is a provider of fixed wireless access products.

Sell -
Mergr

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