Broadcom buys network-gear software maker
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(InfoWorld) - Broadcom Corp., one of networking's biggest chip makers, is buying a vendor of production-ready software for network gear. LVL7 Systems Inc. sells software that runs switches and routers for small and medium-sized businesses (SMBs). By delivering that software to OEMs (original equipment manufacturers) and ODMs (original design manufacturers) and integrating and testing it with their products, LVL7 cuts development costs and time to market. Broadcom will pay about US$62 million in cash for LVL7, based in Research Triangle Park, North Carolina. The deal, announced Wednesday, has been approved by both companies' boards and LVL7 shareholders, and it should close by the end of the year, according to the companies. Broadcom supplies various chips to some of the biggest names in networking, including Cisco Systems Inc., Nortel Networks Corp., Hewlett-Packard Co. and Motorola Inc. LVL7 will let it deliver a complete package of hardware and software to vendors making SMB equipment, helping them more quickly bring out new products and enter new technology areas, such as wireless LAN switching, according to the companies. LVL7 said Broadcom has been a partner for several years. LVL7, founded in 1999, has about 170 employees split between Research Triangle Park and Hyderabad, India. They will become Broadcom employees and remain in those locations, said Broadcom spokeswoman Gennis Lafayette.
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Ciena has agreed to acquire World Wide Packets in a deal, valued at about $290 million, that will bring together two players in the growing carrier Ethernet market.The vendor of carrier gear will pay about $200 million cash plus 3.4 million shares for privately held World Wide Packets, which makes switches and software for Ethernet services offered by carriers. World Wide Packets, in Spokane Valley, Washington, will be merged into a wholly owned subsidiary of Ciena.Carriers are beginning to build Ethernet networks across metropolitan areas so they can be more flexible in offering different speeds of service and deliver WAN connectivity with the same technology most enterprises use for their LANs. Ethernet, which generally costs less than traditional metropolitan fiber networks, can also be used for wholesale data transport and backhaul of traffic from wireless networks to the Internet.World Wide Packets has more than 100 customers in 25 countries and has shipped more than 70,000 units of its products, according to Ciena. The company offers a common operating system across its products, called LightningEdge Operating System, and network management tools.Also on Tuesday, Ciena said it had won a multiyear contract to supply AT&amp;T with platforms from World Wide Packets.Based on the $26.52 closing price of Ciena&#39;s stock last Friday, the 3.4 million shares are worth about $90 million. Ciena will also assume as much as $15 million of the acquired company&#39;s debt. The acquisition requires regulatory approval and is expected to close in the second quarter of Ciena&#39;s 2008 fiscal year, which will end in April. World Wide Packets will keep operating from its locations in Spokane Valley and San Jose, California. Ciena is based in Linthicum, Maryland.
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Storage vendor Network Appliance is buying Onaro to boost its storage management offerings.
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In the wake of a patent battle between Broadcom and Qualcomm, a Verizon deal with Broadcom enables it to continue to import certain devices work with its 3G EV-DO network.
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The networking giant has agreed to buy WiMax base station maker Navini Networks for $330 million.
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BARCELONA, Spain, 3GSM World Congress, Feb. 14  /PRNewswire-FirstCall/ -- Broadcom Corporation , a global leader in semiconductors for wired and wireless communications, today announced that its advanced Bluetooth(R) silicon and software technology has been adopted by ASUSTek Computer Inc.
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Networking gear mainstay signs a deal with the Haier Group to develop products for the home.
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Motorola Inc. said Tuesday it has signed an agreement to acquire MeshNetworks Inc., a privately held developer of wireless networks.
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Computer Associates International announced on Wednesday that it has agreed to acquire Netegrity, a maker of network identity and access software, for about US$430 million.
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Cisco Systems Inc. (CSCO.O: Quote, Profile, Research) , the world&#39;s largest maker of equipment to direct traffic on the Internet, on Monday said it will buy privately held software developer
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Motorola Inc. has agreed to buy MeshNetworks Inc., a developer of technology and products for rapidly deployed, self-creating wireless mobile networks.
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The chip giant has announced plans to buy a developer of digital-media creation software and services.
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Purchase of equipment-monitoring specialist intended to broaden Qualcomm's range of "machine intelligence" services.
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Networking equipment maker Cisco Systems added to its growing portfolio of security products on Monday, agreeing to buy Protego Networks of California for US$65 million in cash.
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Networking giant Cisco Systems Inc. said Monday it agreed to buy Internet technology firm Dynamicsoft for $51.2 million, marking the second acquisition announced by the company in as many weeks.
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RESEARCH TRIANGLE PARK - Cisco Systems is acquiring a California-based network management appliance developer for approximately $16 million in cash.
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Irvine-based Broadcom (www.broadcom.com) said yesterday that it has settled all of the company&#39;s outstanding litigation with Agere Systems.