Sunrise Telecom, a provider of test and measurement solutions for telecom, cable and wireless networks, has announced it is exploring its strategic alternatives in order to enhance shar
Sunrise Telecom, a provider of test and measurement solutions for telecom, cable and wireless networks, has announced it is exploring its strategic alternatives in order to enhance shareholder value.
Alternatives being considered may include a sale to a strategic buyer or a private equity fund, or a merger with a similarly sized company. Cabrillo Advisors has been retained as financial adviser.
Lyron Bentovim, director and chair of the board’s strategy committee, says: ‘Although the company has made substantial progress in its restructuring efforts and expects to demonstrate significant improvement in 2009, management and the board believe that the interests of shareholders are best served by considering strategic alternatives.’
Chief executive Paul Marshall says: ‘We continue our passion for delivering industry-best solutions for communication service providers’ installation and maintenance needs, and we believe that we may be able to structure Sunrise Telecom in a more efficient way, benefiting our shareholders, customers and employees.’
Cabrillo Advisors is an investment banking firm focused on providing merger, acquisition and capital raising expertise to public and private companies in the middle-market.
