Wind River Acquires the Telenetworks Business Unit of Next Level Communications
Wind River Expands Offering to Include Fully Integrated Solution for Converged Voice/Data Networks
biz.yahoo.com
ALAMEDA, Calif.--(BUSINESS WIRE)--Oct. 10, 2001-- Wind River Systems, Inc. (Nasdaq:WIND - news), a leading provider of software and services for connected smart devices, today announced that it has purchased the assets of the Telenetworks business unit from Next Level Communications, Inc. (Nasdaq:NXTV - news). The Telenetworks business unit supplies embedded networking software products to telecommunications equipment manufacturers. As part of this agreement, key Telenetworks employees will join Wind River. Financial details of the transaction were not disclosed at this time.
``The acquisition of Telenetworks allows us to offer original equipment manufacturers complete, well-supported converged voice/data solutions that speeds their time to market, lowers development costs, and reduces risk while leveraging the capabilities of the legacy voice network,'' said David Fraser, group vice president and general manager of Wind River's Networks business unit. ``The networking assets we acquired from Telenetworks fit nicely into Wind River's product strategy, which is based on providing our customers with a comprehensive suite of embedded operating systems, software components and development tools.''
This acquisition of voice-over-IP (VoIP) and telecommunications signaling technologies strengthens Wind River's position as the leading individual supplier of embedded networking solutions. The principle products acquired in the transaction include software stacks that implement the signaling and control mechanisms used in VoIP networks. Wind River will also acquire a comprehensive set of SS7 and ISDN signaling stacks protocols that are used widely throughout the current telecommunications network infrastructure. Used in conjunction with Wind River's portfolio of embedded networking technologies, operating systems, and development tools these new products will provide manufacturers with a complete environment for developing new converged voice/data networking equipment, such as VoIP terminals, VoIP-enabled enterprise switches, integrated access devices, media gateways, and softswitches.
Converged voice/data services are an important offering from telecommunications service providers, as they look to reduce costs, expand services and upgrade their networks from traditional circuit-switched technology to IP packet switching. The market for such softswitches alone totaled $364M in 2000, and is projected to grow to $4.3B by 2004, according to The Yankee Group. |
