Alcatel-Lucent today announced a definitive agreement to acquire privately held NetDevices, a developer of services gateway products for enterprise branch networks, based in Sunnyvale, California.
NetDevices delivers an enterprise networking platform known as a Unified Service Gateway, which is designed to reduce the cost and complexity of managing branch office networks. NetDevices was founded in 2003 and has 45 employees located in Sunnyvale and Bangalore, India.
Upon close of the transaction, the NetDevices team and products will be integrated into Alcatel-Lucent's Enterprise Business Group, reporting into Tom Burns, president of Alcatel-Lucent's Enterprise Solutions activities.
The acquisition is subject to various standard closing conditions, including applicable regulatory approvals, and is expected to close in the second quarter of Alcatel-Lucent's fiscal year 2007. The terms of the deal were not disclosed.
Related Items:
NETGEAR buying InfrantEMC buying Iomega
Fluke Buying AirMagnet
Motorola buying AirDefense
Belden buying Trapeze Networks
Contest #29 Results 
