Why do people think that the product line (the ePMP) is going to die? An East Indian company purchased Mimosa and it’s still alive and kicking.
For reference, Google search says Airspan bought Mimosa for around $23 million and sold it for $60 million.
Dr. Pradeep Khandagale messaged me back: “enterprise products are part of deal including cnMaestroX We will try our level best to support our customers once the deal close”
I’m surprised he was able to answer, good for you asking the question.
Not sure how reliable this source is, but it claims Cambium shut down their Indian Global Capability Center and let 200 employees go.
Could it be that’s where all the Enterprise R&D was done? And that many of them could be rehired by a new owner? I would be pessimistic, but I’m probably thinking US or UK, maybe India is different. In any case, 200 is a lot of people, almost all the 260 in the initial layoff.
This is not right… payment to employees are still pending.
and they’ve said:
The employees affected will not receive severance, the sources said. Salary and gratuity, wherever applicable, will be paid, but no severance has been paid so far and there are no indications that the company plans to make such a payment.
Read More:
Cambium as a company has ended. The products are very good, reliable and could sell with margin, but managment couldn’t make it work out. Now they are trying to sell the assent to cover part of the loss. Even now they are struggling.
I feel for all the Cambium employee’s… We will never forget and hold the Cambium exec team directly responsible. We be sure to not transact with them or any company they become part of in the future.
Well maybe I’m an hopeless optimist, but given the various ways this could potentially be playing out, having a company buy the ePMP product line with the intention of continuing it as a Worldwide WISP product is good news to me - or at least it seems “less bad” than many other potential options.
Obviously the whole situation is messy, and there’s lots of pain for everybody involved for sure, but I find this news of a seemingly motivated purchaser far more encouraging than “everything has fallen flat, there’s no buyer whatsoever, everybody loses their job outright, every creditor loses everything, every WISP loses everything, and it’s just the end of everything”.
And obviously that apocalypse still could happen, but it looks like some products and some PMP employees transitioned to AirSpan - which won’t be perfect for everybody, but it won’t be horrible for everybody either. And looks like some ePMP products and some ePMP employees might continue on with Univastu, which again won’t be good for everybody, but might not be horrible for everybody too.
We will have to wait and see how this goes - in my mind this could potentially still be the end of everything, and it could also potentially be the best thing that’s happened for ePMP WISPs in years. (Probably, neither of those extremes.. things usually land somewhere in the middle with some good and some bad going forward) But we will see.
I agree. There were several possible outcomes that would have been much worse. At least this way, it sounds like the ePMP development team will stay mostly intact (for now, anyway) and continue to do their jobs. It could even be a improvement, if it means more R&D resources.
So assuming the deal goes through, and it includes Enterprise, does that mean Vibhu Vivek comes back? And is anyone else wondering if the products would still say Cambium, or Univastu, or ???
I recall that a company called Proxim—which found itself in a similar situation—was acquired at one point. I hope I’m not mistaken, but I believe it was Terabeam. They folded their products into the Proxim brand and continued operating under that name.
Regards
Sounds correct. I think along the way were Karlnet, YDI, Western Multiplex, and others.
Are you familar with the poem Yarn Of The Nancy Bell? Proxim was like that.
Praying. There is hope, but for heavens sake, can the world just chill the F out?
I’m going to throw a wrench at some (well me exactly). My subscription expires next Friday. Do you know if ANYONE is still @ Cambium so I can at least request a trial extension or heck, buy month to month. I know, I know… wishful thinking and this is an Oh Crap situation for me. Thoughts / comments?
Hell @Brett_Schwartz !
Which exactly subscription?
My cnMaestro X subscription expires This Friday (10/16)
Brett, if you are currently in a cloud instance, and you can migrate to onprem, you can get a 90-day X “trial” for that instance right now.
If you’re already on-prem though, I’m not sure if this is possible, short of maybe migrating everything from one instance to another, and setting up the new instance against a new Cloud Anchor (which should give you a 90 day X trial).
I’m hoping they can release a license-free onprem server update soon… Our “trial” expires in December, although we do have actual paid cnM X licenses attached to a cloud instance right now (but I don’t think I have enough licenses to cover all of the devices I’m putting in the onprem controller, because we had some devices in an Essentials server and others on an X instance).
Yup, I had a consulting company do the migration for me.
Info indicating acquisition is completed:
FIling to The National Stock Exchange of India Limited:
I wonder what becomes of the Cambium name. Airspan already has a brand in wireless, so it probably wasn’t worth much to them. Univastu doesn’t so perhaps they bought it? Names are an asset that is sold in bankruptcy. I once worked for a pretty large American company that went belly-up. Its assets (operating divisions) were auctioned, and one of the buyers bought the name. The other divisions, with different new owners, needed new names, as did the bankruptcy residuary. The name buyer used it for some of its own operations for a while, then after it was acquired, spun it out and a new European company uses the name. And pretends, sometimes, to be an old company.