reports
Moody's Ratings downgrades Casa Systems' PDR to D-PD on bankruptcy fil...
Moody's Ratings (Moody's) downgraded Casa Systems, Inc.'s (Casa) probability of default rating (PDR) to D-PD from Caa1-PD. Concurrently, the corporate family rating (CFR) and the super priority senior secured term loan rating were downgraded to Ca from Caa1 and the non-extended original senior secur...
Casa Systems Initiates Court-Supervised Chapter 11 Sale Process for Bu...
Casa Systems Initiates Court-Supervised Chapter 11 Sale Process for Businesses Reaches Agreements to Sell 5G Mobile Core and RAN Assets to Lumine Group and Cable Business to Vecima Networks ANDOVER, Mass., April 03, 2024 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (Nasdaq: CASA) ("Casa" or the “Company"), a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broadband networks, today initiated a court-supervised process that is intended to achieve value-maximizing sales of its businesses. To facilitate these sales, the Company filed...
Alef and Casa Systems Join Forces to Unlock Opportunity for Mobile Pri...
Alef and Casa Systems Join Forces to Unlock Opportunity for Mobile Private Networks Tight Integration of Capabilities Ushers in New Era of Simple, Cost-Effective MPN with Enterprise-Friendly Authentication, Security and Policy Management NEW YORK and ANDOVER, Mass., Feb. 26, 2024 (GLOBE NEWSWIRE) -- , a leader in mobile connectivity solutions, and , provider of cloud-native network solutions serving communications services providers (CSPs) worldwide, have partnered to introduce a groundbreaking Mobile Private Network (MPN) solution. This innovative collaboration delivers CSPs a redefini...
Casa Systems Develops Cloud-Native Solution to Extend Wireless Wirelin...
Casa Systems Develops Cloud-Native Solution to Extend Wireless Wireline Convergence Capabilities to Hybrid Cloud Environments with AWS Cloud-native access gateway function (AGF) solution allows service providers offering both wireline and wireless services to eliminate redundant network core components and reduce capital and operating expenses.Casa’s AGF solution, now proven in private, and hybrid cloud environments, allows service providers to deploy and scale their services according to enterprise customer requirements.The work between Casa and AWS highlights the growing role of cloud-nat...
Casa Systems Named “Global IoT Innovation Vendor of the Year” in 8ᵗʰ A...
Casa Systems Named “Global IoT Innovation Vendor of the Year” in 8ᵗʰ Annual IoT Breakthrough Awards Program Prestigious Annual IoT Breakthrough Awards Program Recognizes Standout Internet-of-Things Companies and Products ANDOVER, Mass., Jan. 11, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: CASA), a provider of innovative access network solutions serving customers worldwide, today announced it has been selected as the winner of the “Global IoT Innovation Vendor of the Year” award in the 8th annual IoT Breakthrough Awards program. is a leading market intelligence organization that recognizes the t...
Casa Systems Unveils New AurusXT 5G Industrial IoT Router Series Featu...
Casa Systems Unveils New AurusXT 5G Industrial IoT Router Series Featuring the World’s First Dynamic Slicing Support NTC-500 5G IIoT router is the first product to market in the new AurusXT Series of 5G devices. Proprietary 5G Dynamic Network Slicing technology opens new revenue streams for carriers.Cost-efficient upgrade path from 3G or 4G delivers fast, reliable connection. ANDOVER, Mass., Jan. 09, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: CASA), provider of innovative access network solutions serving customers worldwide, today announced the launch of the first solution in its AurusXT 5G In...
Casa Systems Appoints Former Google Executive Santanu Dasgupta as Chie...
Casa Systems Appoints Former Google Executive Santanu Dasgupta as Chief Technology Officer Telco, cloud, and networking veteran with extensive global experience will help Casa Systems drive digital transformation of the telecom industry through software and cloud-centric focus ANDOVER, Mass., Jan. 04, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: CASA), a market leader in cloud-native network solutions serving Tier 1 and regional service providers worldwide, today announced the appointment of telecom industry leader as Chief Technology Officer (CTO). Santanu brings 25 years of telecom, cloud, an...
Casa Systems Appoints Former Cisco Executive Sanjay Kaul as Chief Reve...
Casa Systems Appoints Former Cisco Executive Sanjay Kaul as Chief Revenue Officer; Chief Customer Officer Alfred de Cárdenas to Retire at End of Year Telecom, IT and enterprise veteran joins Casa Systems as it accelerates its focus on software-centered telecom and brings proven track record of executing complex business transformation ANDOVER, Mass., Nov. 27, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CASA), a market leader in cloud-native network solutions serving Tier 1 and regional service providers worldwide, today announced the appointment of telecom industry veteran as Chief Revenue Offi...
Casa Systems Sets Cable Industry Milestone with DOCSIS 4.0 Extended Sp...
Casa Systems Sets Cable Industry Milestone with DOCSIS 4.0 Extended Spectrum Breakthrough Groundbreaking performance marks Casa Systems’ vCCAP and RPD as key innovators in cable technology virtualizationFull utilization of extended spectrum DOCSIS accelerates cable operator’s path to 10GCasa Systems’ continued commitment to modernizing all access providers’ technologies underscores the company’s leadership in the telecom industry into the cloud-native future ANDOVER, Mass., Nov. 21, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CASA), a market leader in cloud-native network solutions serving Tier 1...
Casa Systems Reports Third Quarter 2023 Financial Results
Casa Systems Reports Third Quarter 2023 Financial Results Third Quarter Revenue Increases 7% Over Prior QuarterContinued High Growth In Our Cloud and RAN Product LinesRevises Annual Revenue Guidance Range to $205 Million to $225 Million ANDOVER, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (Nasdaq: CASA), a leading provider of cloud-native software and physical broadband technology solutions for access, cable, and cloud, today reported its financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial & Operational Highlights Revenue of $6...
YTL Communications’ 5G Core Powered by Casa Systems’ Cloud-Native NFV ...
YTL Communications’ 5G Core Powered by Casa Systems’ Cloud-Native NFV Solutions Wins Second Consecutive Ookla Speedtest Award for Fastest Mobile Network in Malaysia YTL Communications’ 5G mobile network powered by Casa Systems follows up 2022 win with a repeat win in 2023Casa’s LTE network and cloud-native 5G core help YTLC lead Malaysia’s digital transformationCloud-native architecture featuring control and user plane separation provides unrivaled 5G network performance ANDOVER, Mass., Oct. 30, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CASA), provider of cloud native network s...
Casa Systems to Release Third Quarter 2023 Results on November 7, 2023
Casa Systems to Release Third Quarter 2023 Results on November 7, 2023 ANDOVER, Mass., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (Nasdaq: CASA), a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broadband networks, will release its third quarter 2023 results on Tuesday, November 7, 2023 after the close of the U.S. financial markets. Casa Systems will host a conference call to discuss its results at 5:00 p.m. Eastern Time the same day. A live audio webcast of Casa Systems’ third quarter results discussion...
Casa Systems’ Axyom® Virtual Converged Cable Access Platform (vCCAP) A...
Casa Systems’ Axyom® Virtual Converged Cable Access Platform (vCCAP) Achieves Unprecedented Combination of Speed, Capacity, and Power Savings with Intel’s 4th Generation Xeon® Scalable Processors Revolutionary Axyom® vCCAP with Intel processors paves the way for enhanced cable provider scalability, savings, and flexibilityAxyom vCCAP solution improves throughput per vCPU compared to leading competitors’ stated throughputDramatic Axyom vCCAP performance provides advantages to cable operators embracing network functions virtualization ANDOVER, Mass., Oct. 18, 2023 (GLOBE NEWSWIRE) -- (Nas...
Casa Systems to Showcase Cloud-Native Technologies Delivering the Futu...
Casa Systems to Showcase Cloud-Native Technologies Delivering the Future of Broadband at SCTE Cable-Tec 2023 Innovative portfolio paves a path to 10G highlighting the power and versatility of the company’s cloud-native broadband technologiesCasa solutions offer migration paths that allow operators to get the most out of their existing HFC plantFull line of cloud-native solutions and network edge devices on display at SCTE Cable-Tec 2023, October 17-19 in Denver, CO, Booth #1613 ANDOVER, Mass., Oct. 17, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CASA), provider of cloud-native network solutions s...
UScellular Selects Casa Systems for Self-Install 5G Outdoor Fixed Wire...
UScellular Selects Casa Systems for Self-Install 5G Outdoor Fixed Wireless Access Devices Wireless operator to leverage Casa Systems’ new AurusLINK self-install outdoor device to extend reliable broadband internet service to homes, businesses, and other locations across the United States ANDOVER, Mass., Sept. 11, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CASA) today announced that UScellular selected the Company’s new Fixed Wireless Access (FWA) outdoor device to provide a high-speed broadband internet solution for homes and businesses. Casa Systems’ AurusLINK was selected for its compact, s...
Casa Systems Announces Awarding of Inducement Grant to New Chief Produ...
Casa Systems Announces Awarding of Inducement Grant to New Chief Product Officer ANDOVER, Mass., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Casa Systems (Nasdaq: CASA), a leading global provider of cloud-native software and broadband access, cable and cloud technology solutions for the world’s leading communication service providers, today announced that the Compensation Committee of the Company’s Board approved the grant of an inducement award to Colin Kincaid, the Company’s new Chief Product Officer, as an inducement material to his entry into employment with Casa in accordance with Nasdaq List...
Casa Systems Appoints Former Cisco Global Service Provider CTO Colin K...
Casa Systems Appoints Former Cisco Global Service Provider CTO Colin Kincaid as Chief Product Officer, and Phil Paro as Chief Accounting Officer Digital Infrastructure Veteran Colin Kincaid joins as Chief Product Officer; Phil Paro - as Chief Accounting Officer ANDOVER, Mass., Sept. 06, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: CASA), a leading global provider of cloud-native software and broadband access, cable and cloud technology solutions for the world’s leading communication service providers, today announced the appointment of proven industry veteran as Chief Product Officer (CPO), whil...
Casa Systems Reports Second Quarter 2023 Financial Results
Casa Systems Reports Second Quarter 2023 Financial Results Second Quarter Revenue Increases 28% Over Prior QuarterCable Revenue Improves by 79% From Prior QuarterWorking Capital Position Substantially ImprovesCurrent Deferred Revenue Position Up $22 Million Since Year EndSuccessfully Refinanced Term Loan B in June 2023Positive Q2 Operating Cash Flow Results of $4.4 MillionRevises Revenue Guidance to $265M - $290M; Reiterates Full Year Net Adjusted EBITDA Profitability Goal ANDOVER, Mass., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (Nasdaq: CASA), a leading provider of cloud...
Casa Systems to Release Second Quarter 2023 Results on August 8, 2023
Casa Systems to Release Second Quarter 2023 Results on August 8, 2023 ANDOVER, Mass., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (Nasdaq: CASA), a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broadband networks, will release its second quarter 2023 results on Tuesday, August 8, 2023 after the close of the U.S. financial markets. Casa Systems will host a conference call to discuss its results at 5:00 p.m. Eastern Time the same day. A live audio webcast of Casa Systems’ second quarter results discussion will be ac...
Casa Systems Names Michael Glickman as Next President and Chief Execut...
Casa Systems Names Michael Glickman as Next President and Chief Executive Officer Glickman brings over 35 years of telecom and technology global sales leadership and major partnership experience to lead Casa Systems’ growth strategy ANDOVER, Mass., July 13, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ: CASA), a leading provider of cloud-native software and physical broadband technology solutions for access, cable, and cloud, today announced the appointment of Michael Glickman as the Company’s new President and Chief Executive Officer effective August 1, 2023. Glickman, a telecom ...
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