(CSCC) Cascade Communications completes acquisition of Arris Networks; High-end remote access technology to be used in development of comprehensive, carrier class remote access solution.
WESTFORD, Mass.--(BUSINESS WIRE)--May 7, 1996--Cascade Communications Corp. (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CSCC CSCC Calgary Sports Car Club (Alberta, Canada)
CSCC Clemson Sports Car Club
CSCC Columbus State Community College (Ohio)
CSCC Classic Sports Car Club (UK) ), a worldwide supplier of high-performance, multiservice wide area network (WAN) switches today announced that it had completed the acquisition of ARRIS Networks, Inc.
The acquisition, first announced on April 22, will be accounted for as a pooling of interests Pooling of Interests
An accounting method, used in mergers and acquisitions, where the balance sheet items of the two companies are simply added together.
The opposite of pooling of interests is the purchase acquisition method. .
ARRIS Networks, a privately owned company based in Westford, Massachusetts, is a developer of high-performance remote access technology for carrier class networks.
One of the world's fastest growing data communications companies and price/performance leader in Frame Relay, Cascade Communications Corp. of Westford, Massachusetts, is a global provider of wide area networking products for the public carrier, Internet Service Provider Internet service provider (ISP)
Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , and enterprise markets. Cascade delivers multiservice WAN switches and network management solutions that enable customers to seamlessly integrate existing technologies with ATM for cost-effective network expansion and investment protection. Cascade's B-STDX multiservice WAN switches and the Cascade 500 ATM switch offer the highest scalability and network capacity in the industry. Worldwide, private and public networks such as BellSouth, GTE GTE General Telephone & Electronics
GTE Génie Thermique et Énergie (French)
GTE Gas Turbine Engine
GTE Global Tropospheric Experiment
GTE Geothermal Energy
GTE Gas Turbine Efficiency plc (Sweden & USA) , Pacific Bell, US West, LDDS See WorldCom. WorldCom, and BT rely on Cascade products for unparalleled quality of service and high-performance WAN services. For more information about Cascade, please visit the company's World Wide Web site http://www.casc.com.
CONTACT: Suzanne M. DuLong Lucia F. Graziano
Manager, Investor Relations Manager, Public Relations
Cascade Communications Corp. Cascade Communications Corp.
(508) 952-1552 (508) 952-1291
email: firstname.lastname@example.org email: email@example.com