Zhone Announces Acquisiton of Roundview; Industry-Recognized IP Networking Engineering Firm to Enhance Zhone Product Offerings.Business Editors/High-Tech Writers OAKLAND, Calif.--(BUSINESS WIRE)--Feb. 7, 2000 Zhone Technologies, Inc., the first company dedicated to building total-delivery solutions for voice, data, and content services, today announced its acquisition of Roundview, Inc., a premier engineering firm dedicated to developing project-oriented software for Internet networking technologies. Under the terms of the purchase agreement, Zhone will acquire all of Roundview's intellectual property as well as its team of industry-leading software engineers. Located in Minneapolis, Minn., Roundview will become Zhone's fifth engineering hub and will continue to focus exclusively on enhancing IP data logic for Zhone's future product offerings. The engineering team brings with them substantial experience in developing software for IP routers A router that is set up to route IP packets. See router and IP. , switches, and firewalls, including dynamic routing The ability for a router to forward data via a different route based on the current conditions of the communications circuits. For example, it can adjust for overloaded traffic or failing lines and is much more flexible than static routing, which uses a fixed forwarding path. protocols, VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. protocols, SNMP (Simple Network Management Protocol) A widely used network monitoring and control protocol. Data are passed from SNMP agents, which are hardware and/or software processes reporting activity in each network device (hub, router, bridge, etc. network management, and network security features. &uot;The engineering talent that Roundview brings to Zhone supports our strategy to deliver products that enhance intelligence at the edge,&uot; said Jeanette Symons, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. and vice president of engineering for Zhone. &uot;As Zhone grows, we will continue to look for resources that will further increase this value proposition. We see intelligence at the edge as a crucial component in supporting our customers' business objectives -- our decision to purchase Roundview is a natural.&uot; About Zhone Technologies, Inc. Founded in September 1999 and based in Oakland, Calif., Zhone Technologies is a new breed of equipment provider with a new vision of product development, delivery, and support for telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. carriers worldwide. Starting with an unprecedented $500 million in funding, Zhone's strategy is to combine existing solutions with Zhone intellectual property to create a product portfolio that is purpose-built to cost-effectively supply multi-million-user next-generation networks with a rich array of voice, video, Internet, and entertainment services. The company was founded by the senior management team that grew telecommunications pioneer Ascend Communications, Inc., from its startup roots to the multi-billion-dollar company acquired by Lucent Technologies (NYSE NYSE See: New York Stock Exchange :LU) in September 1999. Zhone's initial investors include Kohlberg Kravis Roberts Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City-based private equity firm that focuses primarily on late-stage leveraged buyouts. It was founded in 1976 by Jerome Kohlberg, Jr., and cousins Henry Kravis and George R. &Co., Texas Pacific Group, and New Enterprise Associates. For more information about Zhone, consult the company Website at www.zhone.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion