Vecima Networks is a Canadian company that develops hardware and software for broadband access, content delivery, and telematics. It was founded in Saskatoon, Saskatchewan, and currently has offices in Saskatoon, Burnaby, Atlanta, London, Amsterdam, Tokyo, and is headquartered in Victoria. Vecima sells its products to original equipment manufacturers (OEMs), system integrators, MSOs and other service providers.
Sumit Kumar is the CEO and president. Surinder Kumar is the founder of the company and is the chairman of the board.[1]
History
In 1988 Wavecom Electronics was founded and incorporated by Surinder Kumar. In 1990, the first commercial products included a line of modulators for the cable television industry. In 1998, Wavecom relocated its corporate headquarters to Victoria.
In 2003, Wavecom changed the company name to VCom.[2]
In 2005, VCom transitioned to a public company – VCM on the TSX.[2] In the same year, VCom wins the Advancing Technology award at BC Export Awards.
In 2006 VCom changed its name to Vecima Networks.[3] In December 2008, Vecima signed a supply agreement with Cisco Systems.[4]
In 2013, Vecima announced the appointment of Sumit Kumar to position of CEO.[5]
In 2017, Vecima sold YourLink to Xplornet.[6]
Acquisitions
In 2003, VCom acquired YourLink, a wireless service provider.
In 2007, Vecima acquired Spectrum Signal Processing (Burnaby), a signal processing hardware company.[7]
In 2016, Vecima acquired Contigo Systems, a telematics company.[8]
In 2017, Vecima acquired Concurrent Computer Corporation, a video content delivery and storage company.[9]
References
- Overview; Vecima Networks.^
- Michael Harris. VCom Files for $25 Million IPO Light Reading, 11 November 2005, retrieved 6 February 2024^
- VCom Completes Purchase of Wave Wireless Assets – Golden Opportunities retrieved 2024-02-06^
- Vecima, Cisco Enter CMTS Deal Light Reading, 10 December 2008, retrieved 6 February 2024^
- Vecima Names New CEO Broadband Technology Report, 2013-06-27, retrieved 2024-02-06^
- Kirk Falconer. PE-backed Xplornet Communications acquires YourLink PE Hub, 2017-01-09, retrieved 2024-02-06^
- WiMax specialist Vecima to acquire Spectrum Signal Processing EE Times, February 17, 2007^
- Stephen Law. Vecima Networks acquires Contigo Systems Electronic Products & Technology, 2016-03-11, retrieved 2024-02-06^
- Vecima Closes Acquisition of Concurrent / Markets Insider Business Insider, January 2, 2018, retrieved 16 April 2021^