finance

 

Fluke Networks Acquires Crannog Software

Fluke Networks has purchased Dublin, Ireland-based Crannog Software Ltd., a developer of network management software. Terms of the deal were not disclosed. This is Fluke Networks’ second major acquisition in the enterprise performance management field in the past year. Fluke acquired Visual Networks last year. Enterprise performance management is the delivery of application, VoIP and […]

AT&T Phasing Out Cingular Name

AT&T Inc. will begin to absorb the Cingular Wireless name beginning Monday. AT&T will not use the name many in the industry cringed to think about: AT&T Wireless. That brand was known for poor service and garnered a sour reputation among consumers and telecom insiders. On Jan. 15, AT&T will start a multimedia campaign, which […]

Avaya Offers to Buy Ubiquity Software

Avaya Inc.said Friday it has offered to buy Britain-based Ubiquity Software Corp. for approximately $144 million in cash. Avaya would pay 37.3 pence, or 73 cents, for every Ubiquity share. Ubiquity develops and markets SIP-based software for fixed and mobile communications service providers, systems integrators, independent software vendors and channel partners. Avaya builds the networks […]

Motorola Completes Symbol Acquisition

Motorola Inc. on Monday completed its $3.9 billion acquisition of Symbol Technologies Inc. Symbol is now a wholly owned subsidiary of the company and will be the cornerstone of Motorola’s networks and enterprise business. Motorola will keep Symbol’s Holtsville, N.Y., headquarters, which will become the core of Motorola’s global enterprise mobility business. Sal Iannuzzi, president […]

New Edge Networks Names President

New Edge Networks Inc. has named Linda Beck as president of the business network company that is a wholly owned subsidiary of EarthLink Inc. Beck, an executive vice president of EarthLink and general manager of EarthLink Business Solutions, had been interim president of New Edge Networks since August. The appointment is effective immediately. She had […]

TelcomBrokers Buys Master Agency from Salestream Founders

Telcombrokers recently purchased the assets of Tru Choice Communications, a master agency based in Corona, Calif., which was owned by the founders of Salestream Software, makers of MasterStream channel management software. Telcombrokers, a master agency based in Santa Ana, Calif., purchased all of Tru Choices customer and agent contracts on Dec. 21. This acquisition is […]

Cross Telecom Acquires ACT

Minnesota-based Cross Telecom, a provider of platforms for voice, data, IP telephony, wireless and other services, has acquired American Communication Technologies Inc. (ACT), headquartered in Florida. ACT is a software developer and systems integrator that specializes in contact centers. Both Cross Telecom and ACT are Avaya BusinessPartners. Financial terms of the deal were not disclosed. […]

Cisco Enters Computer Security Market With IronPort Acquisition

Cisco Systems Inc. announced on Thursday it is buying privately held IronPort Systems Inc., which makes anti-spam and antivirus security products, for $830 million in cash and stock. Cisco has ruled the networking world with its routers and switches, and said it now wants to branch out into computer security “We feel there is enormous […]

Level 3 Completes Broadwing Acquisition

Level 3 Communications Inc. has completed its $1.4 billion acquisition of Broadwing Corp. Level 3 will pay consideration to Broadwing shareholders of $8.18 in cash plus 1.3411 shares of Level 3 common stock for each share of Broadwing common stock outstanding at closing. Level 3 will pay approximately $744 million of cash and issue approximately […]

FCC Approves Long-Awaited AT&T-BellSouth Merger

After months of internal wrangling and false starts, the FCC late Friday unanimously approved the $84 billion merger of AT&T Inc. and BellSouth Corp. Democratic Commissioners Michael Copps and Jonathan Adelstein said in separate statements that they finally agreed to the transaction once AT&T provided more conditions in the public interest. They noted they still […]

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