VERTEL SET TO PURCHASE PRIVATELY HELD TRIGON.Byline: Gregory J. Wilcox Wilcox may refer to: Place names in the United States
See Wilcox (surname) Other
WOODLAND HILLS - In a deal that broadens its product line, communications software (communications, software) communications software - Application programs, operating system components, and probably firmware, forming part of a communication system. These different software components might be classified according to the functions within the Open Systems creator Vertel Corp. on Thursday Thursday: see week. said it is buying San Jose-based Trigon Technical Group. The terms are 4.5 million restricted shares of Vertel stock, which means there are conditions on when it can be sold. Trigon is privately held, with about 30 employees and offices in Texas and New Jersey. It is too early to say what will happen with these operations, said Vertel spokeswoman Lynn Lynn, city (1990 pop. 81,245), Essex co., E Mass.; inc. as a town 1631, as a city 1850. Lynn is an old industrial center. The first ironworks (1643) and the first fire engine (1654) in the country were built there. Friederichs. Both companies make communication network management tools. Vertel's products are used by communication equipment makers like Lucent and Motorola and enable systems based on different software platforms to interact. Combining the two companies' technologies enables Vertel to give telecom vendors and service providers a comprehensive suite of network management products for any level of development. ``In the past year, we have been diligent dil·i·gent adj. Marked by persevering, painstaking effort. See Synonyms at busy. [Middle English, from Old French, from Latin d in our efforts to identify and evaluate acquisition candidates that could enhance our existing capabilities and further our growth opportunities while representing our shareholders' long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. interests. Trigon Technology Group meets the criteria we set for possible acquisitions,'' Cyrus D. Irani, president and chief executive officer of Vertel, said in a statement. Trigon officials referred comment on the deal to Vertel. Vertel's stock gained a penny to close at $1.46 Thursday. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion