Newbridge Networks Announces Intent to Acquire Castelton
Network Systems
KANATA, ONTARIO--Newbridge Affiliate's Technology Consolidates
Voice, Fax and Data Over Frame Relay, Asynchronous Transfer Mode
(ATM) and Internet Protocol (IP) Networks
Newbridge Networks today announced it has signed a letter of
intent to acquire Castleton Network Systems Corporation, a
Newbridge(r) Affiliate and a developer of packet voice technology
and innovative high performance network access products. The
acquisition of Castleton will provide Newbridge with a significant
addition to its own product and service offerings in the area of
voice, fax and data consolidation for enterprise wide area
networks (WANs).
"Today's announcement enables Newbridge to achieve two
simultaneous goals. First we can absorb and further leverage
Castleton's existing technology and products. Secondly we gain
access to a talented and motivated development team that can be
deployed on current and future projects to take advantage of their
skills and experience," said Terence Matthews, Chairman and Chief
Executive Officer, Newbridge Networks. "The ability to seamlessly
integrate into the Newbridge solution offering key technologies
developed by Castleton enables us to deliver powerful new products
and product enhancements across our family of networking
products."
The decision to acquire Castleton follows a Memorandum of
Understanding (MOU) entered into between the two companies earlier
this year whereby the two companies formed a strategic partnership
to develop product solutions in advanced voice and enterprise
access markets. Castleton's AssuredVoice(tm) packet voice
technology is deployed in next generation packet access products.
It provides for consolidated voice, fax and data over frame relay,
asynchronous transfer mode (ATM) and Internet protocol (IP)
networks. Through its adaptive features including jitter
management, silence suppression, traffic management, automatic
gain control and echo cancellation, AssuredVoice delivers
business-quality voice with high reliability even under changing
or adverse network conditions.
Newbridge Networks (NYSE: NN; TSE: NNC) designs, manufactures,
markets and services networking solutions to organizations in more
than 100 countries. The Company leverages its relationship with 16
Newbridge Affiliate companies and strategic alliances with Siemens
and 3Com Corporation to deliver seamless, end-to-end solutions.
Newbridge customers include the world's 300 largest
telecommunications service providers and more than 10,000
corporations, government organizations and other institutions.
Founded in 1986, the Company employs more than 6,000 people on
five continents. News and information are available at
www.newbridge.com.
Castleton Network Systems Corporation is headquartered in
Vancouver with offices in Kanata and Toronto, Canada; Newport, UK,
and Herndon, Virginia, USA.
Newbridge, logo are registered trademarks of Newbridge Networks
Corporation.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Newbridge Networks Corporation
John Lawlor
Financial Analyst contact
(613) 591-3600
E-Mail: jlawlor@newbridge.com
or
Newbridge Networks Corporation
Paul Goyette
Media contact
(613) 591-3600
E-Mail: pgoyette@newbridge.com
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