Bradford-based Microvitec will announce tomorrow that it has snapped up the rights to re-sell a wide range of Proteon networking products but will also buy intellectual property rights and manufacturing licences from the US giant.
Daniel Capone, CEO of Proteon, said he was excited his company was ?partnering? with Microvitec, previously best known for creating Acorn monitors. It had a turnover of #55 million in 1995. Capone said that the letter of intent and reseller agreement it had signed with Microvitec meant it could both grow its own remote access market as well as develop its Lan business.
That was echoed by James Bailey, chairman of Microvitec. He said his company will broaden its networking business throughout the world. It already had operations in the UK, Germany, Canada and the US and was a big systems integrator.
He said: ?We believe Proteon?s capabilities...will play a major role in helping us expand our own product line, particularly in the fast growing area of switched Ethernet. We will also immediately benefit from reselling Proteon products.?
Neither company would comment today on the financial arrangements of the deal. Capone was in a meeting, according to his secretary at the headquarters in Massachussetts, while Bailey was unavailable.
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