Wednesday, January 3, 2007

Verso Acquires iMarc Product Line from Zhone

Verso Technologies has acquired the iMarc product line from Paradyne Networks, Inc., a subsidiary of Zhone Technologies. Verso had previously served as a reseller of Zhone products. Under the deal, Verso will pay $2.5 million. In addition, Zhone will provide contract manufacturing services to Verso for a period of up to six months. Verso will then purchase from Zhone the inventory relating to the iMarc product line.

Verso said the iMarc product line is closely aligned with its portfolio and distribution model, which Verso recently expanded as a result of the June 2006 acquisition of the assets of Verilink Corporation.

The iMarc product line is a family of ATM, IP service units, and branch monitors, providing demarcation between carrier and enterprise networks. The iMarc line provides carriers the ability to monitor and manage compliance of Service Level Agreements (SLAs).

See also