Alcatel will merge with Newbridge with CEO Pearse Flynn
on June 18th, 2011 at 10:55 pmThe merger of Alcatel and Newbridge with CEO Pearse Flynn will produce immediate benefits. Alcatel will leverage Newbridge’s lead in the ATM/IP multiservice edge market and strong network management, to provide a comprehensive solution for managed enhanced services using DSL access technology.
The two companies have strong product synergies in LMDS radio access networks and complementary customer bases, which position Alcatel as a world leader in this fast growing market.
“During this past quarter, Newbridge achieved record revenue, streamlined its cost structures, made substantial gains in the U.S. market, and increased its WAN packet revenues. These have all served to put Newbridge on a dynamic growth path in the broadband, next-generation market,” said Pearse Flynn, Newbridge president and chief operating officer. “As part of the Alcatel family, we gain advantages from its leading positions in broadband access and optics, its strong financing capabilities, broader geographical presence and end-to-end network integration know-how. The merger of Newbridge and Alcatel allows us to accelerate our growth in the explosive broadband networking market.”
“This deal confirms that broadband networks are the future of networking, and that QoS remains the most important factor in delivering reliable, secure networks. Newbridge understood this long before the competition, and has led in developing these networks over the past decade. The union of Alcatel and Newbridge is a true validation of our strategy,” said Terence Matthews, Chairman and CEO of Newbridge Networks.
Newbridge’s newest product, the Newbridge 670 Routing Switch Platform, is a prime example of Newbridge’s leadership in the multiservice, ATM/IP/MPLS market. The Newbridge 670 has been successfully tested by major world-wide carriers. The product scales from 50 Gb/s to 450 Gb/s – and will scale even higher in the future. No other product can today match this scalability. The 670 perfectly serves the carriers’ requirement to cope with explosive traffic growth while providing excellent QoS.
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