TMCnet News
Tektronix Communications to acquire Arbor NetworksAug 10, 2010 (Datamonitor Financial Deals Tracker via COMTEX) -- Tektronix Communications, a provider of communications test and network intelligence solutions, has signed a definitive agreement to acquire Arbor Networks, Inc., a provider of network security and management solutions for converged carrier networks and data centers. Both the companies are based in the US. Earlier, Arbor Networks had secured a venture funding from Thomas Weisel Venture Partners, Battery Ventures, Cisco Systems, Inc., Comcast Interactive Capital, SAIC Venture Capital Corporation, Ironside Ventures, LLC and EDF Ventures. The acquisition is expected to close in September 2010. Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Announced: 2010-08-09 Deal Participants Target (Company) Arbor Networks, Inc. Acquirer (Company) Tektronix Communications Vendor 1 (Company) Cisco Systems, Inc. Vendor 2 (Company) Undisclosed Investors* Deal Rationale The transaction will strengthen Tektronix's position in the communications and enterprise markets. It will also expand Tektronix's suite of network intelligence solutions offering for converged carrier networks and data centers security. |