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It’s a Buying Frenzy!
By Mark Evans | August 13, 2008
After sitting on the M&A sidelines for nearly three years, the deals are coming fast and furious for Nortel.
Nortel said today it has purchased the PingTel business from Bluesocket Inc. for an undisclosed amount. According to PingTel’s Web site, it is “reshaping the communications market by delivering the first enterprise-grade SIP PBX based on 100% SIP and 100% open source software”.
“This acquisition is another building block in Nortel’s vision to be a software-centric company and the leading provider of unified communications solutions,” David Downing, general manager, Enterprise and SMB Communications Systems, Nortel, said in a press release. “We believe that bringing Pingtel’s critical R&D capabilities in-house will enable us to further develop software-based solutions that go beyond the boundaries of our previous OEM relationship. We expect that this will enable Nortel to accelerate the development of new IT-centric channels to market.”
Nortel’s acquisition of PingTel, which is already a Nortel OEM partner, comes a year after Bluesocket bought PingTel as a way to move into deeper into the VoIP market from its roots as a WiFi controller vendor.
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Topics: M&A |