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February 27, 2006

Nortel Completes Acquisition of Tasman Networks

By MAE KOWALKE
TMCnet Associate Editor for Channels
 
Nortel today announced the completion of its Tasman Networks acquisition. In a press release, Nortel said it paid $99.5 million in cash for Tasman, a company which makes enterprise routers.

 
Negotiations for the acquisition were announced Dec. 27, and the initial agreement for a $99.5 million cash buyout appears to have gone pretty much as planned.
 
Tasman’s products now are part of Nortel’s Secure Router line.
 
The acquisition is part of Nortel’s strategy to be a leading provider of enterprise IP telephony products and applications, the company said in a press release.
 
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Mae Kowalke previously wrote for Cleveland Magazine in Ohio and The Burlington Free Press in Vermont. To see more of her articles, please visit Mae Kowalke’s columnist page.
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