Tech Company M&A Transactions
Tasman Networks Acquisition
Tasman Networks, operating out of San Jose, was acquired by Nortel. Financial terms set the valuation at $99.5 million.
Transaction Overview
Company Name
Acquired By
Announced On
12/27/2005
Transaction Type
M&A
Amount
$99,500,000
M&A Terms
Under the terms of the agreement, Nortel will pay U.S. $99.5 million in cash for Tasman Networks. The acquisition is anticipated to close in the first quarter of 2006 and is subject to customary closing conditions.
Company Information
Company Status
Acquired or Merged
Industry
Networking
Mailing Address
525 Race St. 100
San Jose, CA 95126
USA
San Jose, CA 95126
USA
Phone
Website
Email Address
Not Recorded
Overview
Tasman Networks, founded in 1997, delivers high-performance, wide-area network IP routers that are designed to offer simplified deployment and provide a more cost-effective investment for companies.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Paul Smith
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Next: 12/27/2005: Cradle Technologies venture capital transaction
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