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Major Acquisitions
Below is a list of the major acquisitions announced by Nortel Networks since 1997. Tasman Networks San Jose, California Nortel has enhanced its ability to deliver end-to-end converged enterprise networks with the agreement to acquire Tasman Networks, an established networking company that provides a portfolio of secure, high-performance enterprise routers. Completed, February 27, 2006 Announced December 27, 2005 PEC Solutions, Inc. Fairfax, Virginia Nortel announced a definitive agreement that Nortels U.S. subsidiary, Nortel Networks Inc. (NNI), will acquire Virginia-based PEC Solutions, Inc., a leading government IT services firm, and create U.S.-based Nortel PEC Solutions to provide mission-critical solutions for U.S. federal, state and local government customers. Completed, June 7, 2005 Announced April 26, 2005 2001 JDS Uniphase's Zurich, Switzerland-based Subsidiary Boston, Massachusetts Nortel Networks Corporation announced a definitive agreement whereby it will acquire JDS Uniphase's Zurich, Switzerland-based subsidiary, as well as related assets in Poughkeepsie, New York. Completed, February 13, 2001 Announced February 6, 2001 2000 Sonoma Systems, Marina del Rey, California Nortel Networks to bolster leadership position in the rapidly growing US$10 billion global market for providing carrier-managed services to businesses worldwide. Completed October 20, 2000 Announced August 15, 2000 Alteon WebSystems, Inc. San Jose, California A leader in content aware switching, positioning Nortel Networks as the leader in delivering high-performance Internet data centers, for an estimated US$7.8 billion in Nortel Networks common shares on a fully diluted basis. Completed October 5, 2000 Announced July 28, 2000 EPiCON, Inc., Chelmsford, Massachusetts An innovative software developer providing application delivery and management software to extend Nortel Networks' leadership in the application service provider (ASP) market, for US$275 million in Nortel Networks common shares. Completed September 5, 2000 Announced June 14, 2000 Photonic Technologies, Sydney, Australia A pioneer in strategic optical components for up to US$35.5 million in cash. Photonic Technologies key optical component technology will further strengthen Nortel Networks first-mover advantage in delivering a high-performance all-optical Internet. Completed May 23, 2000 Architel Systems Corporation, Toronto, Ontario A global leader in software systems that allow service providers to rapidly provide Internet and other next-generation Internet Protocol (IP) services, for an estimated US$395 million in Nortel Networks common shares. Completed July 3, 2000 Announced April 19, 2000 CoreTek, Inc., Wilmington, Massachusettes A pioneer in strategic optical components, for up to US$1.43 billion in Nortel Networks common shares on a fully diluted basis. Completed June 23, 2000 Announced March 21, 2000 Xros, Inc., Sunnyvale, California A world leader in second-generation, large-scale, fully photonic switching, for US$3.25 billion in Nortel Networks common shares on a fully diluted basis. Completed June 2, 2000 Announced March 14, 2000 Dimension Enterprises, Inc., Herndon, Virginia An engineering and business strategy consulting firm, for up to US$64.5 million in cash. Completed February 9, 2000 Promatory Communications, Inc., Fremont, California A leading developer of Digital Subscriber Line (DSL) platforms for high-speed Internet access, for up to an estimated US$778 million in Nortel Networks common shares. Completed March 23, 2000 Announced January 6, 2000 Back to Top 1999 Qtera Corporation, Boca Raton, Florida A privately-held company that produces ultra-long-reach optical networking systems, for up to US$3.25 billion in Nortel Networks common shares. Completed January 28, 2000 Announced December 15, 1999 Clarify, Inc., San Jose, California The world's second largest provider of front office solutions for eBusiness, for US$2.1 billion in Nortel Networks common shares. Completed March 16, 2000 Announced October 18, 1999 Periphonics Corporation Bohemia, New York A leading global provider of interactive voice solutions used in call centers and other voice and data network applications, for US$436 million in Nortel Networks common shares. Completed November 12, 1999 Announced August 24, 1999 X-CEL Communications, Ltd., London, UK A privately-held leading supplier of Service Level Agreement and Network Performance Management for customers requiring carrier-grade network solutions, for an undisclosed amount in cash. Completed May 20, 1999 Shasta Networks, Inc., Sunnyvale, California A privately-held company which has developed a new class of service-enabling gateways and subscriber policy management systems at the "subscriber edge" of Internet Protocol (IP) public data networks, for US$340 million in Nortel Networks common shares and cash. Completed April 16, 1999 Announced April 13, 1999 1998 Cambrian Systems Corporation, Kanata, Ontario A privately-held company which has developed an innovative technology to speed the flow of network traffic between metropolitan areas and the optical Internet backbone, for up to US $300 million in cash. Completed December 15, 1998 Announced December 9, 1998 Bay Networks, Inc., Santa Clara, California A leader in the worldwide data networking market, for an estimated US$9.1 billion in Nortel common shares. Completed August 31, 1998 Announced June 15, 1998 Aptis Communications, Inc., Chelmsford, Massachusetts A remote-access data networking start-up company, for approximately US$290 million in Nortel common stock and cash. Completed April 22, 1998 Announced March 18, 1998 Back to Top 1997 Broadband Networks Inc., Winnipeg, Manitoba A leader in the design and manufacture of fixed broadband wireless communications networks, for Cdn$593 million in Nortel common shares and cash. Completed January 9, 1998 Announced November 2, 1997 |
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