Tuesday, March 31, 2009

Radware Completes Acquisition of Nortel's Alteon Layer 4-7 Business

Radware has completed the acquisition of assets pertaining to Nortel's Layer 4-7 Application Delivery Business for US$18 million . Included in the acquisition are Nortel's application delivery products, certain related intellectual property assets, tangible assets, inventory and service contracts in addition to a number of employees related to this business.

A 5-year product support plan will be implemented immediately for all existing Radware [Alteon] customers reinforcing the company's commitment to the product line and securing the investment of these customers in Alteon technology. Radware plans to continue to sell these products under the Radware Alteon brand and invest in their development - leveraging mutual strengths of both Radware and Alteon technologies and experience - to provide customers with the next generation of more reliable, high-performance and feature-rich solutions.

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