Nortel to acquire Tasman Networks
Nortel Networks Corporation is the largest manufacturer of telephone equipment in the highly competitive market of United States. The company has just announced its decision to acquire Tasman Networks. The deal is worth around Tasman Networks and should be closed within the first quarter of next year.
Tasman Networks operates from San Jose, California and specializes in manufacturing network routers. After the deal is complete, Tasman’s products would be offered on sale through Nortel’s enterprise and packet network groups. Norton has however not confirmed whether the acquisition would lead to job cuts in the Tasman Networks.
A Nortel spokesperson said in a statement about their plans with the workers in Tasman Networks: â€œRight now the plan is to absorb them.â€ Tasman started its operations in 1997 and was earlier known as Trellis. They have offices in California and Bangalore (India) and employees around 150 people.
Nortel also added that they expect this acquisition to help them strengthen its position as a provider of end-to-end converged, secure IP telephony and multimedia networks. Steve Slattery, president, Enterprise Solutions and Packet Networks, Nortel added: “We anticipate the Tasman products will … further our ability to provide seamless, feature-rich networks that support critical real-time applications, including voice, video, and streaming multimedia applications.â€