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Nortel acquires Tasman Networks in US$99.5 million cash deal

Nortel Networks has acquired Tasman Networks, a networking company that provides a portfolio of enterprise routers.


December 28, 2005  


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Nortel Networks has acquired Tasman Networks, a networking company that provides a portfolio of enterprise routers.

Under terms of the agreement, Nortel will pay US$99.5 million in cash with the acquisition anticipated to close in the first quarter of 2006, subject to customary closing conditions.

Founded in 1997, the San Jose, Calif. company’s wide-area network IP routers are designed to offer simplified deployment and provide a more cost-effective investment for companies.

They will marketed as part of Nortel’s Secure Router line, which is aimed at small to medium-sized branch office deployments and can run numerous services such as voice, VPN, firewall, and quality of service simultaneously with wire-speed performance.

According to Nortel, this capability is crucial to converging network services on to one platform and is designed to provide full bandwidth from the network consistently.