Telmar Network Technology Inc., which provides networking services and sells new and used telecommunications gear, said Tuesday it has moved its headquarters from Irvine to Plano, Texas.
The company said it consolidated some 150 workers from three different sites in north Texas into its Plano office.
Telmar is keeping its office near the Irvine Spectrum, which has 25 workers.
The Irvine office handles sales, finance, information technology and administrative functions.
Telmar said it made the move to north Texas to be closer to its telecommunications manufacturers and service provider customers, Chief Executive Steve Pickett said in a statement.
Telmar has several parts to its business.
The biggest part is providing services to support and maintain the telecom networks of manfucaturers and large corporations.
Some of its services include repairing networks and helping companies reduce and manage networking costs.
Telmar also acquires product lines, some that are older or discontinued, from communications companies and continues to sell and service them.
A smaller part of its business is reselling new and used networking gear.
When a startup fails or if a large company is looking to unload equipment, Telmar buys, refurbishes and sells the gear at anywhere from 40% to 70% of the price of new equipment.
New York-based private equity firm Lightyear Capital LLC invested $25 million for a majority stake in Telmar in 2003.
New York-based private equity firm Warburg Pincus LLC acquired Telmar from Lightyear in 2006 for undisclosed terms.
Telmar has been in business for 40 years and has offices around the world with some 800 workers in all.
