ACCESS Acquires Networking Company
ACCESS has announced its intent to acquire IP Infusion, a leading provider of intelligent network software for enhanced IP services, in a deal worth approximately $50 million USD. ACCESS says the technology from IP Infusion will become a core part of their next generation home networking technologies to develop media servers for use with future mobile devices.
IP Infusion will become a wholly owned subsidiary of ACCESS after the completion of the transaction, which is scheduled in early March and subject to the approval from IP Infusion's shareholders.
IP Infusion, established in 1999 and based in San Jose, California, provides a comprehensive set of Layer 2, Layer 3 switching and routing solutions, ZebOS, for networking equipment vendors (Foundry Networks, Ericsson, Fujitsu, Accton, etc.). Its product lines cover the majority of routing protocols used today including support for next-generation networking technologies such as IPv6 and MPLS. IP Infusion recently entered the home media server market, offering core networking software for home storage-equipped servers with Internet access.
ACCESS expects to extend its leadership in network environment where the ubiquitous Internet is soon to be a reality and to proactively advance the development of ubiquitous connectivity platforms that can connect and interlock various intelligent home appliances through home gateway. The superb expertise of IP Infusion in lower layers will complement ACCESS' strength in upper layers and bring ACCESS greater opportunities particularly in the intelligent home appliances market including mobile devices. ACCESS will aggressively continue providing new platforms for ubiquitous connectivity based on home gateway. In order to achieve the above objectives and meet the full-scale penetration of 3G mobile phones and home broadband, ACCESS has decided to make IP Infusion its wholly owned subsidiary.
“IP Infusion has a strong record of deploying its advanced routing and switching software worldwide in networking equipment for the enterprise, telecommunications and service provider markets,” said CEO Perry Constantine. “The combination with ACCESS provides IP Infusion with added resources to continue to execute on this focus while leveraging additional market opportunities for our technology suite.”
ACCESS will provide details of the financial impact of IP Infusion on outlook after the deal closes.
Thanks to David Beers for the tip.
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