In a bold effort to enrich its ATM portfolio of products, Fore Systems has acquired Nemesys Research, a small UK-based company specialising in ATM video technology, for more than $16 million.
Cambridge-based Nemesys develops and markets ATM-based video distribution and videoconferencing products, including ATM video encoders and decoders. Fore said it had acquired the privately-held company in return for 415,000 Fore shares and that it viewed the deal as a "pooling of interests".
For Nemesys the deal is a ?huge boon?, giving the company financial backing and access to Fore?s ATM technology and worldwide distribution channels. And industry watchers have said the acquisition will strengthen Fore?s presence in the high quality video market, which is being spurred by the increasing availability and cost-effectiveness of ATM Wan services. Nemesys is to lose its separate name but it will continue to operate from its headquarters in the UK.
Both companies declined to give details of new products that are expected to be brought out as a result of the takeover but the deal should boost development of multiple compression and Intranet video technologies.
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