Sunday, June 5, 2005

ECI Telecom Completes Acquisition of Laurel Networks

ECI Telecom completed its acquisition of Laurel Networks, a provider of Next-Generation IP/MPLS Multi-Service Edge Routers. Laurel's products and technology add edge routing and IP service capabilities to ECI's broadband, optical, and core routing portfolio, enabling ECI to enhance its systems functionally and to create complete multi-service IP solutions for service providers.

ECI paid $88 million in cash for Laurel. Laurel has approximately 150 employees, and the company's sales for the 12 months ended April 30, 2005, totaled $18 million. Among its key customers, Laurel lists Level(3), the US Government, Korea Telecom, Dacom and ntl.

Based in Pittsburgh, Laurel now becomes ECI's Data Networking Division.


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