Nortel Completes Tasman Networks Acquisition
Announcement posted by Nortel 01 Mar 2006
Nortel* [NYSE/TSX: NT] announced that the company has completed the acquisition of Tasman Networks. Nortel paid US $99.5 million in cash for Tasman Networks. The acquisition was completed February 24, 2006.
Tasman Networks, an established networking company with a portfolio of secure, high-performance enterprise routers, is now part of Nortel's Enterprise Data Networks business unit. The products from the Tasman acquisition are marketed as part of Nortel's Secure Router line.
This furthers Nortel's strategy to be a leading provider of IP Telephony products and applications to the enterprise market, and the clear choice alternative of the data network infrastructure to enable converged multimedia applications.
Tasman Networks, an established networking company with a portfolio of secure, high-performance enterprise routers, is now part of Nortel's Enterprise Data Networks business unit. The products from the Tasman acquisition are marketed as part of Nortel's Secure Router line.
This furthers Nortel's strategy to be a leading provider of IP Telephony products and applications to the enterprise market, and the clear choice alternative of the data network infrastructure to enable converged multimedia applications.