Redstone Communications, Inc. To Become Part Of Newly Created Siemens Company Unisphere Solutions, Inc.
Siemens Continues To Strengthen Position In Converged Network Technology Through Redstone Acquisition
BURLINGTON, Mass. / MUNICH, Germany, March 18, 1999 - Unisphere Solutions, Inc., a newly formed Siemens company targeting leadership in converged voice/data and Internet networking solutions, today
announced that Redstone Communications, Inc. of Westford, Mass, will become part of Unisphere Solutions. Siemens has signed a definitive agreement to acquire the privately-held Redstone Communications, a leading developer of next-generation routing technology designed to address service provider challenges at the customer entry point into service provider networks.
Redstone's technology will enable Unisphere Solutions and Siemens to better serve their service provider customers as they strive to meet demand for new IP (Internet Protocol)-based services. The Company's
Edge Switch Router delivers sophisticated IP Quality of Service capabilities, along with unparalleled port density levels, wire-speed forwarding performance and carrier-class reliability. Shipping of the Redstone Edge Switch Router will begin later this month.
With the addition of Redstone products to its growing product portfolio, Unisphere Solutions and Siemens are moving quickly towards implementing their strategy of data/voice/video integration for converged networks. Unisphere Solutions' product portfolio already includes offerings from Argon Networks, Inc., Castle Networks, Inc., Accelerated Networks (equity stake) and data networking-related units of Siemens Information and Communication Networks, Inc., Boca Raton, Fla.
"Redstone Communications is recognized as one of the top start-ups in the Internet industry, and its advanced edge routing technology adds an important element to the growing portfolio of Unisphere Solutions," said Volker Jung, Member of the Managing Board of Siemens AG.
Martin C. Clague, President and CEO of Unisphere Solutions, Inc., said, "With the addition of Redstone, Unisphere Solutions gains both world-class talent and technology in the area of high-performance, IP
networking for carrier-class environments. The Company's Edge Switch Router provides Unisphere Solutions with a competitive advantage in this growing market."
"Service providers have identified the network edge as strategic because it is where they directly interface with their customers," said Thomas Rambold, president of the Information and Broadband Products Group of Siemens Information and Communication Networks Group. "With the rapid growth of IP-based applications, service providers are seeking next generation edge solutions that enable them to manage traffic intelligently to guarantee multiple tiers of service for business critical applications."
Following completion of the transaction, Jim Dolce, president and CEO of Redstone Communications, will become a member of the Unisphere Solutions management team reporting directly to Clague.
Commenting on the acquisition of Redstone, Dolce said, "Internet traffic is growing by an order of magnitude each year. Redstone is fortunate to be part of a world-class organization focused on supporting this growth with products that can manage traffic intelligently across the service provider network."
About Redstone Communications, Inc. Redstone Communications, Inc., based in Westford, MA, was founded in September 1997 to design,
develop and market service provider solutions (edge IP switch router) that address the scalability,performance, reliability and quality of service issues associated with the transformation of the public
Internet. Further information on Redstone can be found on the Internet at redstonecom.com
About Unisphere Solutions, Inc. Unisphere Solutions, Inc., based in Burlington, Mass., designs, markets and services converged
networking solutions to Service Provider and Enterprise customers. Founded in March 1999 by Siemens, the company brings together the know-how of over 500 people, concentrating assets from both Siemens
Information and Communication Networks Group and several technology companies it is acquiring in the United States to deliver end-to-end networking solutions for converged networks. The Company leverages
its relationship as a wholly owned subsidiary of Siemens to gain access to a channel of Siemens Information and Communication Networks' 26,000 sales and support people worldwide.
Further information on Unisphere Solutions can be found on the Internet at unispheresolutions.com.
Siemens' Information and Communication Networks Group
The Siemens Information and Communication Networks Group was established on October 1, 1998 as part of the restructuring of the Siemens information and communication activities. The Group has around
60,000 employees and sales of about $14 billion, making it one of the world's leading suppliers of end-to-end solutions for voice, data and mobile networks. Information and Communication Networks provides products, systems, solutions, servicing and support for setting up, operating and maintaining complete corporate and carrier networks. It also offers ancillary services ranging from network planning and
financial consultancy through startup support to user training. Further information on this Siemens Group can be found on the Internet at siemens.com.
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