Radware, a provider of integrated application delivery solutions for business-smart networking, has completed the acquisition of assets pertaining to Nortel’s Layer 4-7 Application Delivery Business for $18 million. Included in the acquisition are Nortel’s application delivery products, certain related intellectual property assets, tangible assets, inventory and service contracts in addition to a number of employees related to this business.
A five-year product support plan will be implemented immediately for all existing Radware [Alteon] customers reinforcing the company’s commitment to the product line and securing the investment of these customers in Alteon technology. Radware plans to continue to sell these products under the Radware Alteon brand and invest in their development - leveraging mutual strengths of both Radware and Alteon technologies and experience - to provide customers with the next generation of more high-performance and feature-rich solutions.
"We are pleased that the acquisition has been completed and that Radware plans to invest in the future of the Alteon product line," stated Bernd Schwefing, COO, Controlware GmbH. “This development commitment combined with their expertise in the space and support guarantee gives us confidence that the business and infrastructure interests of our customers will be well served."
“The addition of the Nortel [Alteon] business to Radware’s product portfolio was a strategic decision to enhance our offering and enable us to leverage the mutual strengths of both Radware and Alteon technologies, providing our customers with the next generation of more reliable, high-performance and feature-rich solutions,” affirmed Roy Zisapel, CEO, Radware. “We look forward to working with our customers and providing them with the most technology-advanced solutions available in the ADC market.”