Wednesday, December 5, 2007

Network Equipment Technologies Completes Quintum Acquisition

Fremont-based Network Equipment Technologies (NET) said Wednesday that it has completed its acquisition of Quintum Technologies, a provider of VoIP switching and gateway solutions. The deal was worth $41M, split between $20.5M in cash plus 1,732,275 shares of NET stock. Network Equipment Technologies is a provider of voice and data communications equipment.