Bangalore-headquartered Tejas Networks, a leader in next-generation optical networking products, today announced that it has acquired Ethos Networks, a technology company from Israel specialising in carrier ethernet and network management products.
This deal is the first acquisition of an Israeli hi-tech company by an Indian company, Tejas said in a statement.
Ethos Networks was acquired in a cashless transaction. The existing workforce of Ethos will be integrated with Tejas Networks' global workforce.
"The Ethos acquisition will augment Tejas' product offerings in the packet optical space and enhance its Future Proof Transport Architecture (FPTATM) solution," it said.
Tejas Networks Chief Executive Officer and Managing Director Sanjay Nayak said: "This acquisition completes our portfolio in offering best-in-class, end-to-end multi-service solutions 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," he added.
The acquisition also provides the company with a sales presence in Europe, which has a high adoption potential for new packet-based technologies, added Nayak.
