Tyco gains Lucent's Power Systems businessTyco International Ltd., Pembroke, Bermuda, has completed the acquisition of Lucent Technologies' Power Systems business unit (LPS) for US$2.5 billion. Tyco's...
February 1, 2001
Tyco gains Lucent’s Power Systems business
Tyco International Ltd., Pembroke, Bermuda, has completed the acquisition of Lucent Technologies’ Power Systems business unit (LPS) for US$2.5 billion. Tyco’s agreement to acquire LPS was originally announced on November 13, 2000.
LPS, one of the largest suppliers of power systems in North America, provides a full line of energy and power products for telecom service providers. LPS will continue to be a supplier of power solutions to Lucent Technologies as part of its integrated product offerings under a multi-year supply agreement.
Whitehill and Software AG form partnership
Moncton, New Brunswick-based Whitehill Technologies, a leading provider of Internet infrastructure software, has announced an XML/XSL technology partnership with German XML Leader, Software AG.
The companies expect the partnership to help provide enterprises with a quick and reliable technology system for converting their legacy data into XML. This will be carried out by combining Software AG’s Tamino native XML database and Whitehill’s Transport and Composer products. The companies say that by using these products, organizations can transform legacy data into a web-based format that can be easily manipulated on the desktop and used for electronic business applications.
To support the partnership, the companies will co-market, sell and provide software implementation and technical support for each other’s products.
Avaya to acquire VPNet Technologies
In an effort to broaden its presence in the data networking market, Avaya Inc. of Basking Ridge, NJ has announced plans to acquire VPNet Technologies, Inc., a privately held developer of virtual private network (VPN) systems, for approximately US$120 million.
Based in Milpitas, CA, VPNet Technologies develops and markets a variety of VPN products and services, including the VPNsure Managed Services Program, which enables service providers and enterprises to outsource the implementation and management of their VPNs.
VPNet Technologies employs about 130 people, most of whom work at the head office in California. The company also has offices in Taipei, Taiwan and Fleet, Hampshire in the United Kingdom. James E. Patty, president and CEO of VPNet Technologies, will join Avaya as VP of virtual private networking.
Stratos acquires British Telecom satellite assets
Toronto-based telecom service provider Stratos Global Corp. has completed the acquisition of British Telecom’ s Aeronautical and Maritime Division (BT A&M). The acquisition, announced by Stratos last August , comprises the assets of the Inmarsat, VSAT and aeronautical businesses of BT for approximately $340 million.
BT A&M provides Inmarsat, VSAT and terrestrial solutions to customers in such industries as maritime, oil and gas, banking and aeronautical. The company operates four teleports (including two earth stations) in England and New Zealand, which provide global Inmarsat services.
Extreme Networks acquires Optranet
Broadband networking company Extreme Networks, Inc. of Santa Clara, CA has signed an agreement to acquire privately held Optranet of Pleasanton, CA. Founded in January 2000, Optranet develops products for service providers addressing the broadband access market.
Under the terms of the agreement, approximately two million shares of Extreme Networks common stock will be exchanged for all outstanding shares of Optranet.
TELUS combines operating subsidiaries
TELUS Corp. of Edmonton has announced plans to “simplify” its corporate structure by amalgamating its major operating subsidiaries TELUS Communications (B.C.) Inc., TELUS Communications Inc. and TELUS Mobility Cellular Inc.
The new operating company will be known as TELUS Communications Inc. and will provide a full range of communications services in British Columbia and Alberta, including local and long distance, wireless, data and Internet services.
Cablesoft becomes iTRACS
Cable management specialist Cablesoft Technologies of Tempe, AZ has announced it has changed its corporate name to iTRACS Corporation.
The company says the new identity comes as it changes its strategic focus to developing network management solutions, with particular emphasis on the enterprise and infrastructure markets. The iTRACS name will be used to help move the company away from strictly being known as a cable management software provider.