I wonder if this news is very signiificant or not...never heard of OpenROUTE Networks.
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WESTBORO, Mass., Nov. 10 /PRNewswire/ -- OpenROUTE Networks, Inc., and Ascend Communications, Inc., (Nasdaq: ASND), Alameda, Calif., today jointly announced an agreement in which Ascend will license select software technology from OpenROUTE Networks. Financial terms were not disclosed. OpenROUTE Networks is a wholly owned subsidiary of Proteon, Inc. (Nasdaq: PTON).
According to the terms of the agreement, Ascend will have access to elements of OpenROUTE, the internetworking code that runs across OpenROUTE Networks' line of Internet Access routers. OpenROUTE code, which has been developed for more than a decade, now runs on more than 100,000 installed routers around the world. Other OpenROUTE licensees include Digital Equipment Corp., IBM, Motorola, Teldat, S.A., AT&T Tridom and Racal Data Group.
Daniel J. Capone, Jr., OpenROUTE Networks president and chief executive officer, said, "We are pleased to announce this business relationship with Ascend Communications -- one of the industry's premier solutions providers for wide area networking equipment. The continuing acceptance of OpenROUTE technology validates our commitment to offer customers the most reliable, interoperable routing products in the market. Today's licensing agreement represents more progress in our strategy to provide users with open routing solutions through the licensing of our standards-based software, OpenROUTE."
"Ascend is pleased to partner with OpenROUTE Networks to include components of their OpenROUTE software in our award-winning line of WAN access products," said Bill Kind, Ascend's vice president of engineering.
About Ascend Communications, Inc.
Ascend Communications, Inc. develops, manufactures and sells wide area networking solutions for telecommunications carriers, Internet service providers and corporate customers worldwide. For more information about Ascend and its products, please visit the Ascend web site at www.ascend.com, or e-mail info@ascend.com.
Ascend is headquartered at One Ascend Plaza, 1701 Harbor Bay Parkway, Alameda, CA. 94502. Phone 800-ASCEND4; Fax 510-747-2300.
About OpenROUTE Networks, Inc.
OpenROUTE Networks, Inc., designs, manufacturers and markets a comprehensive line of access products for Internet, corporate Intranet and Extranet connectivity to customers worldwide. For more information about OpenROUTE Networks, Inc., please visit the company's web site at openroute.com. OpenROUTE Networks is headquartered at 9 Technology Drive, Westboro, Mass., 01581. Phone 508-898-2800; Fax 508-836-5396.
SOURCE OpenROUTE Networks, Inc.
CO: OpenROUTE Networks, Inc., Ascend Communications, Inc.; Proteon, Inc.
ST: Massachusetts; California
IN: MLM CPR
SU: LIC
11/10/97 10:21 EST prnewswire.com |
