REDBACK NETWORKS SPENDS $4.3 BILLION TO ACQUIRE NET SOFTWARE MAKER SIARA.Buy Will Extend Redback's Solutions For Access & Services Market Redback Networks Redback Networks is a telecommunications equipment company. History Redback Networks was founded in August, 1996. Redback is an ERICSSON subsidiary since the beginning of 2007 (was previously traded on NASDAQ under the symbol RBAK). Inc. is buying Siara Systems of Mountain View, Calif., in a deal valued at $4.3 billion. With the addition of Siara's product portfolio and network operations software, Redback plans to extend its service creation and management capabilities across the entire "New Access Network," a market expected to be worth over $15 billion by 2000 and grow rapidly thereafter -- an opportunity substantially larger than Redback's current market. Redback also gets a roster of seasoned executives and over 170 engineers. "We expect the combination of Siara Systems and Redback to create a powerful supplier in the communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. , focused on serving the next generation access and service creation requirements of carriers and service providers," says Dennis Barsema, 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 Redback. Siara's portfolio of products and network operations software -- optimized for both access and metropolitan networks -- is designed to enable service providers and carriers to deliver both traditional time division multiplexing (communications) time division multiplexing - (TDM) A type of multiplexing where two or more channels of information are transmitted over the same link by allocating a different time interval ("slot" or "slice") for the transmission of each channel. I.e. (TDM (Time Division Multiplexing) A technology that transmits multiple signals simultaneously over a single transmission path. Each lower-speed signal is time sliced into one high-speed transmission. ) and IP-based services with carrier grade reliability, security, and scalability. Redback will issue 31.3 million shares for all outstanding shares, options and warrants of Siara. The merged company will retain the name of Redback Networks, a Sunnyvale, Calif., provider of advanced networking solutions that enable carriers, cable, multiple system operators (MSOs), and service providers to deploy high-speed broadband access See broadband and wireless broadband. to the Internet and corporate networks. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion