Press release from Business Wire India
Source: Tejas Networks Ltd.
Tuesday, June 08, 2010 02:32 PM IST (09:02 AM GMT)
Editors: General: Consumer interest; Business: Banking & financial services, Business services, Information technology, Telecommunications, Transport engineering
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Tejas Networks Acquires Israeli Firm - Ethos Networks to Boost its Ethernet Products
Bangalore, Karnataka, India and Tel Aviv, Israel, Tuesday, June 08, 2010 -- (Business Wire India) -- Tejas Networks Ltd., a leader in next-generation optical networking products, announced today that it has acquired Ethos Networks, a high-technology company from Israel, specializing in Carrier Ethernet and Network management products. This deal is the first acquisition of an Israeli high-tech company by an Indian company. The Ethos acquisition will augment Tejas' product offerings in the packet optical space and enhance its Future Proof Transport Architecture (FPTATM) solution.
Commenting on the deal, Sanjay Nayak, CEO & MD, Tejas Networks said, "This acquisition completes our portfolio in offering best-in-class, end-to-end multi-service solution for SDH/SONET, Carrier Ethernet and hybrid transmission architectures and a seamless Network Management Software (NMS) suite. Our new portfolio will enable our customers to deploy equipment that can concurrently support legacy services and packet services, and at the same time gracefully evolve to an all packet infrastructure of the future without any service disruption and costly rip-and-replace."
"We are excited to integrate a very talented Ethos team, which has created the highly differentiated Carrier Ethernet products and industry-leading Network Management Software into the Tejas team. Over the last ten years, Tejas has evolved into global company serving all major telecom carriers in India and several international customers spread over 50 countries. This acquisition also provides us with sales presence in Europe, which has a high adoption potential for new packet-based technologies," added Sanjay Nayak
Eli Sananes, VP, Ethos Networks, who will be the General Manager of Tejas' Israel operations said, "Tejas Networks is a fast-growing, innovation-driven company that is counted amongst the leading optical networking companies in the world. We are extremely excited to be a part of Tejas Networks and look forward to contributing to their phenomenal growth in future."
Ethos Networks has been acquired through a cashless transaction. The existing workforce of Ethos will be integrated with the Tejas Networks' global workforce.
About Tejas Networks Ltd.
Tejas Networks is a leading innovator of carrier grade communications equipment. Tejas pioneered the development of cost effective, next-generation SDH/SONET as well as Carrier Ethernet products that enable telecom carriers to converge traditional voice-based transmission networks with the new data-dominated networks. Today, Tejas products are used in all major telecom networks in India and in over 50 countries around the world. For more information, visit Tejas Networks at http://www.tejasnetworks.com
About Ethos Networks
Ethos Networks helps service providers migrate their legacy metro transport network to Carrier Ethernet, enabling operational simplicity and cost effectiveness. Ethos Networks' Carrier Ethernet switches, combined with its comprehensive, yet easy-to-use Domain Management System (DMS) provide a pure-packet transport solution, while maintaining carrier-grade "five 9s" service availability and SONET/SDH-like operational simplicity.
CONTACT DETAILS
Usha Mariyappa, 20:20 MEDIA, +91 9880539173, usha@2020india.com
KEYWORDS
CONSUMER, BANKING, BUSINESS SERVICES, IT, TELECOMMUNICATIONS, TRANSPORT
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