Network Equipment Technologies Acquired by Sonus Networks
Fremont-based Network Equipment Technologies, the developer of networking and communications equipment, has been acquired by Sonus Networks, a developer of SIP communications gear, in a deal worth approximately $42M. Sonus said it would pay $1.35 per share for NET, which it will use to expand its product capabilities for the branch office and small office. Sonus is based in Westford, Mass.
posted on Tuesday, June 19, 2012
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