Here's what Nokia said about why they bought Ipsilon..
nokia.com
Nokia Acquires Ipsilon Networks, Inc.
Strengthens Data Communications Capabilities
(December 9, 1997 ) -- Nokia will acquire Ipsilon Networks, Inc., a data
communications company based in Sunnyvale, California, US, for
approximately USD 120 million, subject to regulatory approval expected
by end of the year. Nokia has held a minority interest in Ipsilon since
June. Ipsilon Networks is a leading innovator in the development of open
Internet Protocol (IP) routing platforms.
"Wireless and data communications are clearly the key drivers as
telecommunications markets become more open and increasingly global,"
Matti Alahuhta, president of Nokia Telecommunications, said. "Adding
Ipsilon's highly regarded IP capabilities to Nokia's established
Networks expertise is an important step for us in further developing our
competitiveness in IP networks."
Olli-Pekka Kallasvuo, executive vice-president, Nokia Americas, said the
United States is leading the development of data communications, so
having a strong data presence in the United States is highly beneficial
to Nokia. "The evolution to global standards in telecommunications is
clearly being led by wireless and data communications in the US market;
the addition of Ipsilon is one further step in the expansion of Nokia's
focus in the US market."
Ipsilon pioneered the development of Internet Protocol (IP) switching, a
technology that enables high-speed IP routing over ATM switching
Networks. The company has strong competencies in IP technology and has
developed innovative products in IP routing. Nokia will benefit from
Ipsilon's IP and ATM competencies in fixed and mobile Networks products
as broadband applications evolve.
The company, which has over 100 employees, will become part of Nokia
Telecommunications, the infrastructure arm of Nokia. Ipsilon's existing
business relationships will continue under the Nokia brand.
"We will continue supporting our existing customer base and actively
pursue new customers as part of Nokia's global team," Brian NeSmith,
Ipsilon president and chief executive officer, said. "We're very excited
about this."
Headquartered in Finland, Nokia is a leader in digital technologies
including mobile phones, cellular and fixed telecommunications Networks,
wireless data solutions and multimedia terminals. With sales in
approximately 130 countries, net sales totalled FIM 39.3 billion ($8.5
billion) in 1996. Nokia employs more than 36,000 people in 45 countries.
Nokia's shares are listed in Helsinki, New York, London, Stockholm,
Frankfurt and Paris.
Nokia will be at CES showing phones. I hope they talk to Next Level |
