Telco Systems has acquired the major assets and intellectual property of ANDA Networks. Financial terms of the all-cash deal were not disclosed.
ANDA is supplier of Carrier Class Ethernet and wireless backhaul platforms. It was an early entrant into the market.
Telco Systems said the acquisition expands its portfolio. Ethernet over TDM products supporting IP/MPLS technology from ANDA and Telco Systems fiber-based edge switching and mobile backhaul aggregation solutions combine to offer a fully integrated range of carrier class, MEF certified Ethernet solutions.
The acquisition will add ANDA's installed base of over 30,000 system platforms at Tier 1 carriers' networks in the US and Canada to Telco Systems' $2B worldwide installed base of service providers, mobile operators and cable MSOs.
"Telco Systems continually looks for strategic opportunities in order to grow both our business and product offerings. ANDA's strong suite of Ethernet access products in conjunction with our multi-service Ethernet edge solutions will provide customers a complete range of choices for Carrier Ethernet regardless of the installed infrastructure," said Avi Cohen, executive vice president of business development marketing for Telco Systems. "We expect that this acquisition will yield immediate benefits to Telco Systems, ANDA, and our combined service provider customer base."
"The combination with Telco Systems creates synergies in terms of technology and customers," said Charles R. Kenmore, ANDA Networks president and CEO. "We believe that Telco Systems is the best choice for the short and long term for our stakeholders, customers, and people."http://www.telco.com
http://www.andanetworks.com
- ANDA Networks was founded in January 1998 by Wufu Chen and prominent network technology entrepreneurs from Cisco, Motorola, Alcatel, Nortel, Ericsson and HP. The company raised approximately $100 million in venture funding over the years..
- ANDA is headed by Charles R. Kenmore, who has been with the company since 1999. Prior to joining ANDA Networks, Kenmore was President of ADC International; Vice President and General Manager of the international division Information Systems Group at Motorola; founding head of Sprint International; and Vice-President and General Manager of the international systems integration division at Comsat.
- ANDA is based in Sunnyvale, California with R&D in Wuhan, China.
