Meritech a leading manufacturer
of Mobile Network T&M, Network Optimization, and LPWA (Low Power Wide Area)
IoT solutions announced today that it has acquired AZENQOS (AZQ), a Thailand-based
5G network testing solution provider. This acquisition will be executed through
its group company, Meritech Software Private Limited, India (Meritech) and
encompasses AZENQOS's flagship offering, AZENQOS ANDROID DRIVETEST for wireless
networks. Meritech will acquire the AZENQOS (AZQ) in an all-cash deal with an undisclosed
amount.
Meritech, a prominent manufacturer specializing in Mobile Network
Testing & Measurement, Network Optimization, and LPWA (Low Power Wide Area)
IoT solutions, has a global presence across India, Japan, the USA, and Germany.
This strategic acquisition underscores Meritech's unwavering commitment to
strengthening its foothold in emerging markets. It showcases the company's
dedication to extending its market reach and delivering cost-effective mobile
telemetry solutions. Meritech's strategic move equips them to address the
challenges associated with the growing demand for high-speed wireless services,
streamlining deployment and operational complexities. Their integrated solution
targets the financial hurdles faced by mobile network operators, addressing
both Capital Expenditure (CAPEX) and Operating Expenditure (OPEX). By offering
a cost-effective mobile telemetry solution, it empowers operators to fully leverage
their network potential and integrate cutting-edge technologies like 5G and
Voice over New Radio (VoNR). Meritech and AZENQOS
(AZQ); are privately held entities and do not have any outside
investor(s), already had a relationship for the last few years. “We eagerly anticipate
becoming a part of Meritech Group's remarkable journey and are committed to
contributing to the broader industry movement, fostering a dynamic and
innovative 5G ecosystem," expressed Don Plooksawasdi, Sales Director of AZENQOS (AZQ). "This acquisition represents a
significant step in strengthening Meritech's presence within the rapidly
evolving 5G markets. With the addition of AZENQOS (AZQ), we aim to enhance our
market share in the areas of automated drive testing and cloud-based data
analytics, particularly in emerging markets," stated
Harish Sachdeva, Group CEO of Meritech. "We are enthusiastic about
welcoming AZENQOS (AZQ) into the Meritech group and are committed to further
investment in the expanding 5G market space.”
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