Performance Technologies

Performance Technologies, Inc. was a United States technology company founded in 1981 and headquartered in Rochester, New York. Its business combined telecommunications infrastructure, network communications equipment, embedded computing platforms, and specialized systems for military, aerospace, government, and other infrastructure applications. Rather than operating primarily as a consumer-facing communications brand, the company developed carrier-grade hardware and software intended to sit inside telephone, mobile, signaling, control, and data-processing networks. The company’s telecommunications portfolio addressed the transition from traditional circuit-switched networks toward IP-based and next-generation network architectures. Its SEGway Signaling Solutions line provided signaling, routing, gateway, IP-migration, and Session Initiation Protocol capabilities for 4G LTE and IP Multimedia Subsystem environments. The portfolio also included the Universal Signaling Platform and SP2000 signaling technology acquired from GENBAND in January 2011. These assets expanded Performance Technologies’ ability to support signaling and interworking functions used by communications service providers. Performance Technologies also sold Monterey and IPnexus application-ready platforms. These systems combined company hardware with the NexusWare Carrier Grade Linux operating system and were designed for demanding applications involving data acquisition, sensors, radar, control, aviation, weather infrastructure, and related industrial or government networks. The Monterey 8000 was presented as a MicroTCA platform positioned between larger AdvancedTCA core systems and smaller edge-oriented MicroTCA equipment. A further product family, Xpress, supplied next-generation network applications for mobile, multimedia, and IMS-based services. The documented applications included prepaid and postpaid service functions, voice messaging, Private Network Cost Optimizer, and Telemarketer Guard. The company also developed products supporting LTE, WiMAX, Diameter, SS7, and MAP interworking, reflecting the industry’s migration toward IP-native mobile-core and signaling architectures. Performance Technologies’ later history was shaped by consolidation in the telecommunications equipment sector. In December 2013, Sonus Networks, Inc. entered into a definitive agreement to acquire the company for $3.75 per share in cash, representing approximately $30 million before specified transaction considerations. The acquisition transferred Performance Technologies into Sonus Networks and ended its existence as an independent public operating company. The available reference material does not establish a continuing standalone Performance Technologies brand after the transaction.

Performance Technologies was established in 1981 in the United States and developed into a specialist supplier of communications infrastructure and embedded computing systems. Its activities covered network communications and telecommunications as well as systems used in military, aerospace, government, and other infrastructure environments. The company’s role was primarily that of an equipment and systems technology provider rather than a retail telecommunications operator: its products were integrated into carrier networks, specialized control systems, and mission-critical applications. A major part of the company’s telecommunications strategy focused on signaling. Signaling systems coordinate calls, sessions, roaming, routing, and other control functions across communications networks. As operators moved from legacy signaling environments toward IP, LTE, and IMS architectures, Performance Technologies developed products intended to bridge older protocols and newer network designs. Its SEGway family provided signaling, routing, gateway, SIP bridging, and distributed-intelligence capabilities for carrier environments. In January 2011, Performance Technologies acquired GENBAND’s Universal Signaling Platform and SP2000 signaling technology. The transaction expanded the company’s available technology base and supported its participation in the transition to next-generation signaling infrastructure. During the following years, the company continued to extend SEGway. It introduced the Universal Diameter Router in 2012 and later added Diameter-to-SS7/MAP interworking capability in 2013. These developments addressed the coexistence of Diameter-based mobile-network signaling with established SS7 and MAP systems, including requirements associated with roaming and LTE/Evolved Packet Core migration. The company’s other major activity involved application-ready computing platforms. Monterey and IPnexus systems combined Performance Technologies hardware with NexusWare Carrier Grade Linux. They were designed for applications such as data acquisition, sensor processing, radar, control, aviation, weather systems, and related infrastructure networks. The Monterey 8000 represented the company’s MicroTCA offering and was positioned as a bridge between larger ATCA core systems and smaller MicroTCA edge platforms. The company also developed the AMP5072 1U MicroTCA Application-Ready System for LTE and WiMAX equipment manufacturers, incorporating Serial RapidIO technology for wireless-base-station synchronization. Performance Technologies additionally offered Xpress applications for next-generation network services. The documented portfolio included prepaid and postpaid services, voice messaging, Private Network Cost Optimizer, and Telemarketer Guard. These products reflected the company’s effort to provide software functions that could help operators create, manage, or monetize mobile, multimedia, and IMS-based services. Telemarketer Guard, introduced within the Xpress family in 2011, was designed to intercept and divert unwanted telemarketing calls. The company received industry recognition during its final independent years. Its Monterey 8000 platform received a Best of Show—Hardware award at the Advanced MicroTCA Summit in 2011, and Raytheon Integrated Defense Systems presented the company with a Supplier Excellence Award the same year. These recognitions were consistent with Performance Technologies’ emphasis on specialized hardware, embedded systems, and communications infrastructure. The telecommunications equipment market was undergoing consolidation by the end of 2013. On December 13, 2013, Sonus Networks announced a definitive agreement to acquire Performance Technologies for $3.75 per share in cash, or approximately $30 million, subject to the terms described in the transaction announcement. The acquisition brought Performance Technologies into Sonus Networks and ended its operation as an independent company. The available reference material does not document a separate continuing consumer brand after the acquisition.

1. 2013Sonus Networks announces acquisition agreement

   Sonus Networks entered into a definitive agreement to acquire Performance Technologies for $3.75 per share in cash, approximately $30 million in total consideration before specified transaction adjustments.

   Source
2. 2012Universal Diameter Router introduced

   The Universal Diameter Router broadened the SEGway line with an IP-native signaling product for evolving mobile and telecommunications networks.

   Source
3. 2011GENBAND signaling assets acquired

   The company acquired GENBAND's Universal Signaling Platform and SP2000 signaling technology.

   Source
4. 2011Telemarketer Guard added to Xpress

   Performance Technologies added Telemarketer Guard to its Xpress next-generation network application suite.

   Source
5. 2011Industry and supplier awards

   The Monterey 8000 received a Best of Show—Hardware award at the Advanced MicroTCA Summit, and Raytheon Integrated Defense Systems gave the company a Supplier Excellence Award.

   Source
6. 2010AMP5072 MicroTCA system introduced

   Performance Technologies introduced the AMP5072 1U MicroTCA Application-Ready System for LTE and WiMAX equipment manufacturers, including Serial RapidIO support for wireless base-station synchronization.

   Source
7. 1981Company established

   Performance Technologies was established in the United States and later became headquartered in Rochester, New York.

   Source

A specialized B2B supplier of carrier-grade telecommunications infrastructure and mission-critical embedded computing systems, positioned around network signaling, IP migration, LTE and IMS enablement, and rugged or application-ready platforms for communications, aerospace, defense, government, and infrastructure users.

• SEGway Signaling SolutionsTelecommunications signaling and routing

  SEGway was a family of signaling and network-control products for telecommunications operators and equipment providers. Its capabilities included integrated signaling, routing, gateway functions, IP migration, SIP bridging, and distributed intelligence. The line was aimed at 4G LTE and IMS environments and was designed to help networks combine legacy signaling infrastructure with newer IP-based architectures.

• Universal Signaling Platform and SP2000Telecommunications signaling technology2011

  These signaling technologies were acquired from GENBAND in January 2011. They expanded Performance Technologies’ portfolio for network signaling and supported the company’s broader focus on carrier communications infrastructure and migration between legacy and IP-based network environments.

• Monterey and IPnexus Application-Ready PlatformsEmbedded computing platforms

  Monterey and IPnexus platforms combined Performance Technologies hardware with the NexusWare Carrier Grade Linux operating system. They supported application areas including data acquisition, sensor processing, radar, control, aviation, weather systems, and other infrastructure networks where reliable embedded computing was required.

• Monterey 8000MicroTCA platform

  The Monterey 8000 was a MicroTCA application-ready platform intended to occupy a position between larger ATCA core systems and smaller MicroTCA edge platforms. It represented the company’s focus on modular, carrier-grade embedded hardware for communications and specialized infrastructure applications.

• Xpress SIP ApplicationsNext-generation network software

  The Xpress suite provided applications for mobile, multimedia, and IMS-based next-generation network services. Documented applications included prepaid and postpaid services, voice messaging, Private Network Cost Optimizer, and Telemarketer Guard, which was designed to intercept and divert unwanted telemarketing calls.

• Universal Diameter RouterMobile-network signaling2012

  The Universal Diameter Router was an IP-native SEGway product introduced to support Diameter signaling in modern telecommunications networks. Its later Diameter-to-SS7/MAP interworking capability addressed roaming and migration requirements as operators moved toward LTE and Evolved Packet Core architectures.

• 2013Agree to acquisition by Sonus NetworksM&A

  Telecommunications equipment suppliers were consolidating as carriers adopted IP-based signaling, LTE, and next-generation network platforms.

  What changed. On December 13, 2013, Performance Technologies entered into a definitive agreement under which Sonus Networks would acquire it for $3.75 per share in cash.

  Aftermath. The announced transaction was valued at approximately $30 million before specified transaction considerations and ended Performance Technologies’ independent corporate existence after the acquisition.

  Announced acquisition value. Approximately $30 million (December 2013 transaction announcement)

  Source
• 2011Acquire GENBAND signaling technologyM&A

  Performance Technologies sought to strengthen its telecommunications signaling portfolio as operators migrated toward IP, LTE, and IMS network architectures.

  What changed. The company acquired GENBAND's Universal Signaling Platform and SP2000 signaling technology.

  Aftermath. The acquired technology became part of the company’s signaling and network-migration offering, including the SEGway portfolio.

  Source

• 2013Performance Technologies adds Diameter-to-SS7/MAP interworking

  The company announced Diameter-to-SS7/MAP interworking capability for the SEGway Universal Diameter Router, supporting roaming and migration toward LTE and EPC network topologies.

  Product launch
  Source
• 2013Sonus Networks agrees to acquire Performance Technologies

  Sonus Networks and Performance Technologies announced a definitive merger agreement under which Sonus would acquire Performance Technologies for $3.75 per share in cash, or approximately $30 million.

  M&A
  Source
• 2012Performance Technologies introduces the Universal Diameter Router

  The company expanded its SEGway signaling portfolio with a Universal Diameter Router intended for IP-native telecommunications networks and evolving mobile architectures.

  Product launch
  Source
• 2011Performance Technologies acquires GENBAND signaling technology assets

  Performance Technologies acquired GENBAND's Universal Signaling Platform and SP2000 signaling technology, strengthening its telecommunications signaling portfolio.

  M&AProduct generation
  Source

1. Performance Technologies