Through the agreement Cybercom Plenware will manage parts of Teleste’s R&D activities. In addition 23 of Teleste's employees will join Cybercom’s staff with current terms.
"This gives us flexibility in resource planning, enables our future growth and gives us possibility to concentrate on our core business. We also strengthen our existing partnership with Cybercom", says Teleste CTO Esko Myllylä.
"We are very excited to expand our cooperation with Teleste, because this deal adds significantly to our competence of hardware design and Linux software development. We are also very happy that our partnership with Teleste rises to strategic level", says Cybercom Plenware CEO Hannu Meskanen.
"Teleste’s show of trust is very important for us and we see good potential in expanding our partnership going forward. Outsourcing contracts strengthens our relationships and gives our business long-term stability" says Patrik Boman, president and CEO, Cybercom Group.
Find out more, contact:
Patrik Boman, president and CEO, Cybercom Group
+46 73 983 89 79
Jukka Rinnevaara, CEO, Teleste Corporation
+358 2 2605 866 or +358 400 747 488
Esko Myllylä, CTO, Teleste Corporation
+358 2 2605 693 el. +358 40 554 0463
Hannu Meskanen, managing director, Cybercom Plenware
+35 8 50 14 87
Kristina Cato, communications director and IR manager, Cybercom Group
+46 708 64 47 02