Alcatel-Lucent
has announced a definitive agreement to acquire privately held
NetDevices,
a California-based developer of services gateway products for enterprise branch
networks.
Seenu Banda, founder and chief executive at NetDevices, said: "
Alcatel-Lucent provides an ideal partnership with its global sales, service, and
the development capabilities."
On close of the transaction, the NetDevices team and products will be
integrated into Alcatel-Lucent's Enterprise Business Group, reporting into Tom
Burns, president of Alcatel-Lucent's Enterprise Solutions activities.
The acquisition is subject to various standard closing conditions, including
applicable regulatory approvals, and is expected to close in the second quarter
of Alcatel-Lucent's fiscal 2007. Terms of the deal were not disclosed.
NetDevices was founded in 2003 and has 45 employees located in Sunnyvale,
California and Bangalore, India.
Comments
Have your say on this article