Acquisition of Vocality Competed

Cubic Corporation (NYSE: CUB) today announced the acquisition of Vocality International, a leading provider of embedded technology that unifies communications platforms, enhances voice quality, increases video performance and optimizes data throughput. The addition of Vocality, which is headquartered in Shackleford, United Kingdom, further expands Cubic Mission Solutions’ (CMS) portfolio in Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) for secure and expeditionary communications, and ISR Processing, Exploitation and Dissemination (PED).

Vocality’s ability to bridge communication platforms and manage networks is essential for businesses, government agencies and military personnel to communicate securely with one another and allows legacy systems to communicate seamlessly with cutting-edge wireless and cellular networks. Vocality is a current partner of Cubic’s subsidiary DTECH and will enhance the content and intellectual property on key Programs of Record currently being delivered by CMS. The purchase price is GB£8 million (US$10 million) subject to other customary adjustments per the terms of the stock purchase agreement.

“The acquisition of Vocality is extremely important to our overall company and C4ISR strategy as Vocality’s solutions expand our offerings and strengthens our business in this emerging area,” said Bradley H. Feldmann, president and chief executive officer of Cubic Corporation. “The addition of Vocality expands our C4ISR portfolio, along with DTECH, GATR and TeraLogics, and will provide further opportunities in higher growth and higher margin markets.”

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“We are pleased to welcome Vocality and its employees into the Cubic family,” said Mike Twyman, president of Cubic Mission Solutions. “Vocality is well aligned with our current capabilities and solutions and their technologies will provide additional opportunities to further integrate our architecture, serve our customers in the defense industry and expand offerings for transportation and other key vertical markets.”

Source: Cubic Corporation (NYSE: CUB)
Date: Nov 30, 2016