Radware wraps up acquisition of Nortel's Layer 4-7

Radware has finalised its $18m acquisition of Nortel's Layer 4-7 business

Application switching vendor Radware has completed its acquisition of Nortel's Layer 4-7 application delivery business, after meeting all the necessary legal obligations.

The $18m (£12.5m) cash deal was announced at the end of February, following Nortel's decision to file for bankruptcy protection and reduce its global workforce.

The deal includes Nortel's application delivery products, certain related intellectual property assets, tangible assets, inventory and service contracts, in addition to a number of employees related to the business.

Radware will merge the products with its own offerings into a brand called Radware Alteon, and is implementing a five-year product support plan for all existing Radware customers.

"The addition of the Nortel [Alteon] business to Radware's product portfolio was a strategic decision to enhance our offering, and enable us to leverage the mutual strengths of both technologies, providing our customers with the next generation of more reliable, high-performance and feature-rich solutions," said Roy Zisapel, chief executive of Radware.

"We look forward to working with our customers and providing them with the most technology-advanced solutions available in the application delivery market. "