The total product portfolio will add both scope and depth in i-data s product offerings within all the product segments. Since the companies previously have only competed directly on a few product segments and markets, there is only little overlap, and as such, great opportunity to make use of existing sales channels for sales of new products. As such, i-data will become a one stop shop for telcos and ISPs within solutions for home offices and corporations. Most importantly, the combined development competence enable faster launches of new, technologically leading products. Also, there are a number of areas where development resources can be freed up and transferred to other projects.
Important synergies are economies of scale within purchasing and logistics.
We hope to be able to complete the acquisition of Eicon within a short period of time, and with it make i-data a world leading company within Secure Internet Connectivity. Eicon was established in 1984, and today has approximately 550 employees and sales offices worldwide. Eicon produces and markets products for Internet access within some of the same segments as i-data. Eicon has recently revised its strategy due to significant financial losses. The Transaction i-data expects to make a cash offer for the Eicon shares.