RBBN - Hermon Laboratories to buy Ribbon's Qualitech testing and standardization business

Ribbon Communications (RBBN) agrees to sell Qualitech testing and standardization business to Hermon Laboratories. Financial terms not disclosed.QualiTech operates as an independent division of former ECI Telecom, providing testing and standardization laboratory services.As per the terms, Hermon will continue to provide testing and standardization services to Ribbon.The transaction to close by Q2'21."The sale of the QualiTech business aligns with our strategy of increasing our focus on our core IP Optical Networks and Cloud and Edge businesses," said Bruce McClelland, President, and CEO of Ribbon.Press Release

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Hermon Laboratories to buy Ribbon's Qualitech testing and standardization business