Turin Networks buys Carrier Access for $92.7M

Turin Networks, a Petaluma, Calif. provider of networking equipment, will buy Carrier Access, a struggling company in Boulder, Colo. that is publicly traded on the Nasdaq exchange.

Although Turin has agreed to pay about $2.60 per share for Carrier Access, that amount could be lower if the latter company has less than $63 million on its balance sheets when the acquisition is finalized.

A number of venture firms have invested in Turin over the years, including Baker Capital, DCM, Sequoia Capital and Tudor Ventures. More from the press release on Carrier Access:

Carrier Access, with facilities in Boulder, Colorado and Shanghai, China, has a base of over 100 customers which includes major Tier 1 wireless and wireline carriers, cable operators, enterprises and government agencies. The Carrier Access product portfolio includes solutions that span the wireless backhaul network from the cell-site to the network edge, as well as converged access technologies that enable service providers and enterprise customers to deliver carrier-quality IP voice and data services.

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