Under the terms of the agreement, Nortel (Toronto) will pay $99.5 million in cash for Tasman Networks, based here. The acquisition is anticipated to close in the first quarter of 2006 and is subject to customary closing conditions.

Tasman Networks makes wide-area network IP routers, which will augment Nortel's convergence solutions. They are planned to be marketed as part of Nortel's Secure Router line.

This portfolio, aimed at small to medium-sized branch office deployments, is designed to provide full routing and multicast services.

"With the acquisition of Tasman Networks, Nortel will strengthen its position as an innovator in providing resilient end-to-end converged, secure IP telephony and multimedia networks," said Steve Slattery, president of Enterprise Solutions and Packet Networks at Nortel, in a statement.

By: DocMemory
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