NewNet becomes latest feather in ADC cap
ADC Telecommunications has announced that ADC Software Systems, a unit of its Wireless Systems Group, has acquired NewNet Inc., a Shelton, Conn.-based developer of SS7 technology, short messaging servers and other intelligent network products.
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The $53 million stock-for-stock transaction is the latest in a long line of acquisitions that has helped ADC augment its traditional wireline infrastructure and access products with wireless hardware and software solutions.
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