Nortel has enhanced its ability to deliver end-to-end converged enterprise networks with the agreement to acquire Tasman Networks, an established networking company that provides a portfolio of secure, high-performance enterprise routers. Under the terms of the agreement, Nortel will pay U.S. $99.5 million in cash for Tasman Networks. The acquisition is anticipated to close in the first quarter of 2006 and is subject to customary closing conditions.
‘With the acquisition of Tasman Networks, Nortel will strengthen its position as an innovator in providing resilient end-to-end converged, secure IP telephony and multimedia networks,’ said Steve Slattery, president, Enterprise Solutions and Packet Networks, Nortel. ‘We anticipate that the Tasman products will complement our enterprise infrastructure solutions and further our ability to provide seamless, feature-rich networks that support critical real-time applications – including voice, video, and streaming multimedia applications.‘
Tasman Networks founded in 1997, delivers high-performance, wide-area network IP routers that are designed to offer simplified deployment and provide a more cost-effective investment for companies. They are planned to augment Nortel’s convergence solutions for data and IP multimedia customers and are planned to be marketed as part of Nortel’s Secure Router line.
This portfolio, aimed at small to medium-sized branch office deployments, is designed to provide full routing and multicast services; and is uniquely capable of running numerous services such as voice, VPN, firewall, and quality of service simultaneously with wire-speed performance. This capability is crucial to converging network services onto one platform and is designed to provide full bandwidth from the network consistently.
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