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Networking - Tuesday, December 27, 2005

Nortel Grabs Tasman For $97M

tasmanlogo.jpg

Nortel buys Tasman for $92M. San Jose, CA-based Tasman Networks (formerly Tiarra) makes routers such as multi-scalable routers, mutimegabit routers, and aggregation edge routers. Tasman will be used to build Nortel's IP telephony and multimedia networking product lines, with a focus on enterprise networks. The company was founded in 1997 and is backed by New Enterprise Associates and Mayfield Fund.

Read - Nortel Agrees to Buy Tasman Networks for $99.5M (Bloomberg)

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