bc-MA-Red-Herring 11-10
1/8STK 3/8
1/8IN 3/8
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TO BUSINESS AND TECHNOLOGY EDITORS:
The Venture Market East Award Ceremony Presented by The Red Herring Honors
The Biggest Deal Completed Since The Previous Year's Conference
WALLINGFORD, Conn., Nov. 10 /PRNewswire/ -- "As many areas of the computer industry move from saturation to maturation, we expect consolidation to become an increasingly important trend. Proving this theory to be accurate, we award Sahara Networks with the Best of Venture Market East 1996 Award for Best Strategic Merger," said Jeff Whittaker, Editorial Program Manager, The Red Herring.
Saraha Networks of Wallingford, CT, was a provider of broadband access products which combine voice, video and data over wide area communications facilities. Sahara was acquired by Cascade Communications, Inc. of Westford, Mass., in January 1997. In June 1997, Cascade was subsequently acquired by Ascend Communications, Inc. of Alameda, CA.
The Red Herring is a monthly publication covering the business of
technology. Focused on high-growth markets of emerging technologies, The Red Herring delivers information to a worldwide audience of market leaders, technology executives and top level investors. Herring Communications, a San Francisco-based media company, also produces high-level industry conferences and daily news and analysis from Red Herring Online. More information about The Red Herring can be found at www.herring.com.
SOURCE Sahara Networks
-0- 11/10/97
/CONTACT: Tom Shea of SaharaAscend Communications, Inc., 203-284-4103/ |
