Chantry Networks Agrees to Be Acquired by Siemens; Siemens' HiPath Portfolio Reinforced for Enterprise Customers.WALTHAM, Mass. -- Chantry chan·try n. pl. chan·tries Ecclesiastical 1. An endowment to cover expenses for the saying of masses and prayers, usually for the soul of the founder of the endowment. 2. Networks, the leading provider of secure integrated mobility management solutions for WLAN See wireless LAN. WLAN - wireless local area network , today announced that it has agreed to be acquired by Siemens. Chantry Networks is headquartered in Waltham, Massachusetts One of the early centers of the Industrial Revolution in northern America, Waltham is a city in Middlesex County, Massachusetts, United States. The population was 59,226 at the 2000 census. and its product development center is in Toronto, Canada. With this agreement Siemens is expanding its expertise within the HiPath portfolio to the rapidly growing WLAN market. Innovative communication solutions for enterprise customers, particularly mobile office applications will seamlessly be integrated into these WLAN solutions. Chantry Networks specializes in WLAN technology that offers solutions for the wireless convergence of voice and data transmission. In particular, in the fields of seamless transfer between access points and voice quality, Chantry Networks has the very latest in state-of-the-art products. The product portfolio integrates central security solutions that guarantee top security even in the sensitive WLAN area. The architecture also allows virtual WLANs to be set up, i.e. protected, secure areas for exclusive access by individual users and user groups. The Chantry architecture is ready for later integration of WiMAX, and the access points are designed in such a way that devices from different third-party manufacturers can be integrated. "Through this agreement of acquisition, we will further expand our communication architecture for corporate customers and strengthen our market position in this sector. In the growth area of WLAN, we will also now be able to offer our customers future-oriented solutions," explained Andy Mattes, Member of the Group Board of Siemens Communications. "With the Chantry team and its BeaconWorks(TM) product line we have found just the right partner to optimally supplement our portfolio with wireless voice-data convergence." "This announcement is a watershed event for the industry," said Peter Vicars, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Chantry Networks. "I believe Siemens' tremendous market reach and strong HiPath portfolio, combined with our industry-leading wireless LAN A local area network that transmits over the air typically in the 2.4 GHz or 5 GHz unlicensed frequency band. It does not require line of sight between sender and receiver. Wireless base stations (access points) are wired to an Ethernet network and transmit a radio frequency over an area solutions, brings a compelling value proposition to customers and Siemens' partners around the globe." The agreement is expected to result in the closing of the transaction in early 2005. Terms of the acquisition were not disclosed. Chantry Networks is the leading provider of secure integrated mobility management solutions for wireless networks. Chantry Networks' innovative WLAN suite of products, BeaconWorks, offers unprecedented scalability and availability, coupled with unique network virtualization Monitoring and managing an entire network from a single network administrator's console. Network virtualization begins with monitoring the network and often encompasses storage virtualization, which manages all of storage as a single resource. features, to overcome the obstacles inherent in traditional WLAN systems and provide enterprises and service providers with the first economical and practical solution for building seamless and pervasive wireless networks. Founded in April of 2002, Chantry Networks is headquartered in Boston with product development center in Toronto and offices in Chicago, Denver, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and Washington, D.C. and has more than 70 employees. Chantry Networks is backed by top-tier investors including Flagship Ventures, Primaxis Technology Ventures, Venture Coaches/Skypoint Capital, Ventures West and Siemens Venture Capital. Additional information about Chantry is available at www.chantrynetworks.com HiPath is the Enterprise Convergence Architecture from Siemens. A comprehensive solution and service portfolio enables companies to further expand their existing voice and data infrastructures, safeguard their existing capital investment, and implement second generation IP (2gIP) applications. 2gIP applications optimize company processes and lead to a sustained improvement in productivity for the corporation. Thanks to the continuous further development of its products and software, Siemens Communications is an innovation leader on the path to a seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. of realtime communication in the IT world. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. analysts, HiPath has ensured that Siemens is the world's number one supplier of VoIP connections. With a market share of 38.6%. Siemens aims to further expand this position. Over 70% of the Fortune 500 corporations have selected a HiPath solution. Customers include BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. , DaimlerChrysler, Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank , Ford, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Kodak, SAP, BP and Volvo. Additional information about HiPath is available at: www.siemens.com/hipath Siemens Communications is one of the largest players in the global telecommunications industry. Siemens is the only provider in the market that offers its customers a full-range portfolio, from devices for end users to complex network infrastructures for enterprises and carriers as well as related services. Siemens Communications is the world's innovation leader in convergent technologies, products and services for wireless, fixed and enterprise networks. It is the largest Group within Siemens and operates in more than 160 countries around the world. In fiscal 2004 (year-end September 30), its 60,000-strong workforce posted sales of approximately 18 billion euros. More about Siemens Communications at http://www.siemens.com/communications |
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