Nortel plans to acquire telecoms software developer Architel for $395m, to boost its internet service product line, Preside.
According to Nortel, the integration of Preside with Architel's software will enable service providers to fire up specified services for individual customers in minutes instead of weeks or months.
"This is a pretty serious investment on Nortel's part to put in place a bunch of software products that will target, primarily, service providers," said Steve Nicolle, Nortel vice president of serviceware solutions.
The two companies have been working together since late last year and agreed that a purchase by Nortel would help them profit from the lucrative market. Analysts predict the service provision market is valued at about $5bn annually.
This latest purchase follows Nortel's launch last month of an ecommerce unit as a result of its acquisition of ecommerce applications vendor Clarify and call centre software developer Periphonics.
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