Vecima Networks
{{short description|Canadian telecommunications equipment company}}
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{{notability|org|date=June 2022}}
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{{Infobox company
| logo = Vecima Networks.png
| type = Public ({{tsx|VCM}})
| founded = 1988
| location = Victoria, British Columbia, Canada
| key_people = Sumit Kumar (CEO & President), Surinder Kumar (Chairman), Judd Schmid (CFO)
| area_served = Worldwide
| industry = Telecommunications, telematics equipment
| products = Distributed access architecture, video processing, content delivery networks, telematics
| num_employees = 377 (June 2020)
| homepage = {{URL|https://vecima.com/|vecima.com}}
}}
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.[https://vecima.com/about-us/company-overview/ Overview; Vecima Networks.]
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.{{Citation needed|date=February 2024}} In 1998, Wavecom relocated its corporate headquarters to Victoria.{{Citation needed|date=February 2024}}
In 2003, Wavecom changed the company name to VCom.{{Cite web |last=Harris |first=Michael |date=11 November 2005 |title=VCom Files for $25 Million IPO |url=https://www.lightreading.com/network-technology/vcom-files-for-25-million-ipo |access-date=6 February 2024 |website=Light Reading}}
In 2005, VCom transitioned to a public company – VCM on the TSX. In the same year, VCom wins the Advancing Technology award at BC Export Awards.{{Citation needed|date=February 2024}}
In 2006 VCom changed its name to Vecima Networks.{{Cite web |title=VCom Completes Purchase of Wave Wireless Assets – Golden Opportunities |url=https://goldenopportunities.ca/news/vcom-completes-purchase-of-wave-wireless-assets/ |access-date=2024-02-06 |language=en-US}} In December 2008, Vecima signed a supply agreement with Cisco Systems.{{Cite web |date=10 December 2008 |title=Vecima, Cisco Enter CMTS Deal |url=https://www.lightreading.com/cable-technology/vecima-cisco-enter-cmts-deal |access-date=6 February 2024 |website=Light Reading}}
In 2013, Vecima announced the appointment of Sumit Kumar to position of CEO.{{Cite web |date=2013-06-27 |title=Vecima Names New CEO |url=https://www.broadbandtechreport.com/home/article/16439796/vecima-names-new-ceo |access-date=2024-02-06 |website=Broadband Technology Report}}
In 2017, Vecima sold YourLink to Xplornet.{{Cite web |last=Falconer |first=Kirk |date=2017-01-09 |title=PE-backed Xplornet Communications acquires YourLink |url=https://www.pehub.com/pe-backed-xplornet-communications-acquires-yourlink/ |access-date=2024-02-06 |website=PE Hub |language=en-US}}
Acquisitions
In 2003, VCom acquired YourLink, a wireless service provider.{{Citation needed|date=February 2024}}
In 2007, Vecima acquired Spectrum Signal Processing (Burnaby), a signal processing hardware company.{{cite web |date=February 17, 2007 |title=WiMax specialist Vecima to acquire Spectrum Signal Processing |url=https://www.eetimes.com/wimax-specialist-vecima-to-acquire-spectrum-signal-processing/ |url-status=live |archive-url=https://web.archive.org/web/20210813161934/https://www.eetimes.com/wimax-specialist-vecima-to-acquire-spectrum-signal-processing/ |archive-date=August 13, 2021 |publisher=EE Times}}
In 2016, Vecima acquired Contigo Systems, a telematics company.{{Cite web |last=Law |first=Stephen |date=2016-03-11 |title=Vecima Networks acquires Contigo Systems |url=https://www.ept.ca/2016/03/vecima-networks-acquires-contigo-systems/ |access-date=2024-02-06 |website=Electronic Products & Technology |language=en-US}}
In 2017, Vecima acquired Concurrent Computer Corporation, a video content delivery and storage company.{{cite news |date=January 2, 2018 |title=Vecima Closes Acquisition of Concurrent / Markets Insider |url=https://markets.businessinsider.com/news/stocks/vecima-closes-acquisition-of-concurrent-1012406792 |access-date=16 April 2021 |website=Business Insider}}