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Nokia Siemens Networks Buys Atrica

Promising purchase

By Elena Balan, Communications News Editor

26th of October 2007, 07:38 GMT

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Nokia Siemens Networks just made a new acquisition, which adds to the already high number of companies that it is working with. Atrica will be from now on part of Nokia Siemens Networks, as the so-called carrier grade Ethernet has attracted and continues to attract

significant venture investment.

Atrica is one of the most important providers of Carrier Ethernet solutions for Metropolitan Area Networks. The new purchase will allow Nokia Siemens Networks to offer end-to-end Carrier Ethernet Transport solutions and also to reduce the cost and complexity of data-optimized transport networks.

The advantages of the new purchase should be obvious on both sides. "The products of Atrica and Nokia Siemens Networks complement each other perfectly. With these systems, we can offer end-to-end solutions that no other vendor has," said Bernd Schumacher, Head of IP Transport. Moreover, "The solutions and products will help our customers cut the complexity and related costs of data-optimized networks", he further added.

"Strategies, solution concepts and the technology philosophy of Atrica and Nokia Siemens Networks are almost congruent, so we look forward to working together in the future. Our Carrier Ethernet systems will strengthen the portfolio of Nokia Siemens Networks", stated Vivek Ragavan, Chairman of the Board of Atrica on the new purchase.

Carrier Ethernet products are among those predicted to have the greatest evolution over the future period. Leading analysts forecast a growth of 15% a year, which makes it a great choice for investments. This gives good reasons for thinking that Nokia Siemens Networks might have struck gold once again, adding a new profitable business to its portfolio. The acquisition should take place right at the beginning of year 2008 and, from that point on, move on to all the necessary steps of making Atrica's transition to Nokia Siemens Networks.

TAGS:

Nokia Siemens Networks | Atrica | Ethernet | purchase | buy

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