Paradyne Networks to acquire Elastic Networks
Largo, Fla.-based Paradyne Networks recently announced that it would acquire Elastic Networks for about $28.8 million.
Not only does Paradyne’s decision to acquire Elastic bring more customers and revenues to the company, it also expands the Paradyne’s DSL. Paradyne, a DSL/DSLAM manufacturer focused on the central office deployment of DSL, will enter the in-building DSL market via the Elastic acquisition.
“It moves us into a market that is complementary into our existing market and synergistic with our existing market,” said Sean Belanger, president and CEO of Paradyne. “Now, we can go to anyone interested in DSL or high-speed broadband over copper, whether they’re in a building, a central office, an ATM-based architecture or an IP-based network architecture … We’ll have an offering for a much broader market.”
Elastic’s EtherLoop technology--a 10-megabit copper-based technology--and the scheduled 2003 release of its EtherLoop2 technology--providing 100 megabits over twisted pair copper--also will enhance Paradyne’s market position. In conjunction with Paradyne’s ReachDSL technology, which has the longest loop reach in the market, the EtherLoop technology will offer the DSL market a real alternative and simultaneously support all standard technologies, Belanger said.
Under terms of the agreement, Elastic stockholders will get 0.1990 to 0.2692 shares of Paradyne common stock for each outstanding share of Elastic common stock. The amount is based on the 10-day average closing price of Paradyne common stock prior to the merger’s completion.
The transaction, subject to stockholder approval at each company and closing conditions, should be completed in first quarter 2002. Paradyne plans to maintain a facility at Elastic Networks’ Alpharetta, Ga., for research and development and some sales and marketing.
Want to use this article? Click here for options!
© 2013 Penton Media Inc.
In this Webinar you will learn how to create a real-time relationship with your customers, how to proactively improve the customer experience, and how to successfully target and cross-sell services to boost incremental revenue.
- Megabytes to Megabucks, Bandwidth to Business Models: How 4G Is Changing Everything
- How to Unplug Your Redundant Telco Apps To Save Money and Improve Efficiency
- When IaaS Isn't Enough: Service Provider Business Models to Drive Growth and Build Margin
- How to Transform Your Aging Telco Voice Network to Drive New Profits and Revenue
- Creative Licensing Approaches for Telcos & Their Network Equipment Vendors
- Smart Home Opportunity: Balancing Customer Data & Privacy
This paper discusses the rise of Diameter and benefits of Diameter Protocol.
- Conducting The Orchestration – Order Management at the Speed of Business
- Toward a Converged Network Edge
- Beyond Spam – Email Security in the Age of Blended Threats
- 6 Important Steps to Evaluating a Web Filtering Solution
- The Expertise to Protect You from Botnet and DDoS Attacks
- Seeing is Believing – Bridging the Order Visibility Gap
Service providers are under tremendous pressure to turn up new services faster then before and, at the same time,
to do it at less expense - and intra-office fiber is one of the biggest challenges in terms of both cost and service
From the Blog
Join the Discussion
Get more out of Connected Planet by visiting our related resources below:
Connected Planet highlights the next generation of service providers, as well as how their customers use services in new ways.Subscribe Now