Alcatel-Lucent
has announced a definitive agreement to acquire privately held
NetDevices,
a California-based developer of services gateway products for enterprise branch
networks.
Seenu Banda, founder and chief executive at NetDevices, said: "
Alcatel-Lucent provides an ideal partnership with its global sales, service, and
the development capabilities."
On 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 2007. Terms of the deal were not disclosed.
NetDevices was founded in 2003 and has 45 employees located in Sunnyvale,
California and Bangalore, India.
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