Larscom to Acquire VINA Technologies for its Integrated Access Devices

Larscom will acquire VINA Technologies in a bid to strengthen its position as a supplier of enterprise broadband access equipment. Larscom supplies inverse multiplexing access equipment for bridging the bandwidth gap between T1 and T3. The company also offers a line of CSUs/DSUs, featuring support for T3 or E3 in a single platform. VINA is a supplier of integrated access devices (IADs). Under the deal, VINA stockholders will receive 0.2659 shares of Larscom common stock for each VINA common share held. After the merger is completed, Larscom stockholders will own approximately 53% of the combined company, and VINA's stockholders will own approximately 47%. The new company will be called Larscom Incorporated and headquartered in the Silicon Valley. The combined company would have had 2002 revenue of $46.8 million. The merged entity expects to reach profitability within a year. Currently, Larscom has 98 employees and VINA Technologies has 61 employees.
http://www.larscom.com
http://www.vina-tech.com