Nortel Acquires Business of Bluesocket Unified Communications Subsidiary Pingtel
Acquisition Highlights Significant Advances in Open Source Solutions; Supports Bluesocket WLAN Growth Plans
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Bluesocket, Inc., the leader in trusted wireless access and enterprise mobility, today announced that the business of its Pingtel Corp. subsidiary, a recognized leader in open source enterprise unified communications solutions, has been acquired by Nortel (TSX: NT) (NYSE: NT).
Under the terms of the agreement, Nortel will acquire the key assets of Pingtel from Bluesocket and Pingtel employees will be integrated into Nortel’s Billerica, Massachusetts facilities. Bluesocket will invest the proceeds of the acquisition in product development, sales and marketing activities related to its core wireless LAN business.
“The acquisition of Pingtel will enable Bluesocket to expand its leadership position in the enterprise wireless and mobility markets,” said Mads Lillelund, CEO of Bluesocket. “This strategic investment in our wireless LAN business strengthens our commitment to providing customers with mobility solutions that offer the greatest level of security, scalability and ease of use.”
Bluesocket’s long-standing expertise in wireless security and its flexible Edge-to-Edge™ architecture deliver greater network access speeds, better performance and higher reliability with superior role-based control and policy enforcement. Bluesocket is represented by a global network of more than 100 select VAR/Reseller partners and has over 3,000 customers across the enterprise, education, healthcare, hospitality, library and sports/entertainment markets.
Bluesocket’s recently announced BSAP-1800 802.11n Access Point and 802.11n ready controllers deliver significant deployment, ease of use and performance advantages over competing solutions, supporting customer deployments of next-generation wireless data, voice and video technologies today without the need for a costly infrastructure upgrade.
Financial terms of the acquisition were not disclosed.
About Bluesocket
Founded in 1999, Bluesocket is a leader in open, standards based enterprise mobility solutions. Bluesocket is the first company to deliver an enterprise communication solution that unifies secure wireless LAN, SIP-based enterprise Voice over IP and fixed mobile convergence. Its complete wireless network and voice solution portfolio bring trust and simplicity to increasingly complex wireless networks maximizing customer ROI and increasing their competitive edge. For more information, please visit http://www.bluesocket.com.