Wednesday, April 26, 2006

Lucent Completes Riverstone Acquisition

Lucent Technologies completed its acquisition of certain net assets of Riverstone Networks, a maker of carrier Ethernet routers for the telecommunications industry. The purchase price under the amended agreement is approximately $207 million, subject to purchase price adjustments.

Lucent said the integration of the Riverstone products would augment its IP Multimedia Subsystem (IMS) solution. Substantially all of Riverstone's 400 employees are now employees of Lucent.

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