Rain will sell its Broadlink telecommunications business to Internet and cloud service provider CipherWave, TechCentral has learnt.

Rain CEO Willem Roos confirmed on Wednesday that the parties have reached an agreement, though they’re not disclosing the value of the deal.

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Exciting changes ahead for Broadlink and our customers as we restructure the business and look forward to a new year full of growth and development. “After a difficult and uncertain year in 2019, I am happy to announce that Broadlink now goes into 2020 with new development and growth plans tailored to meet the needs of our customers and partners.”

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