The agreement includes Nortel's application delivery products, intellectual property tangible assets inventory service contracts and a number of employees.
A five year product support plan will be implemented for all existing Radware [Alteon] customers.
Radware continue to sell these products under the Radware Alteon brand.
"We are pleased that the acquisition has been completed and that Radware plans to invest in the future of the Alteon product line," said Bernd Schwefing COO of Controlware GmbH.
"This development commitment combined with their expertise in the space and support guarantee gives us confidence that the business and infrastructure interests of our customers will be well served."
Roy Zisapel Radware said the acquisition was a strategic decision to enhance its offering and leverage the strengths of both Radware and Alteon technologies.
"We look forward to working with our customers and providing them with the most technology-advanced solutions available in the ADC market," he said.
Issue: 277 | March, 2010