IDT announced plans to acquire ZettaCom, a start-up based in Santa Clara, California that developed a terabit-class hybrid switching fabric and companion OC-192 traffic manager silicon. The deal was valued at approximately $35 million in cash and is expected to close by the end of April. ZettaCom will form the basis of a new serial switching division at IDT which will develop standards-based products based on Advanced Switching and PCI Express architectures. Daryn Lau, former ZettaCom CEO and president, will head up the new serial switching division...