Nokia Siemens Networks acquires Atrica, Ethernet systems company, for a loss
Nokia Siemens Networks, of Munich, Germany, has agreed to acquire Atrica, which makes carrier Ethernet transport systems for metro networks, for a reported $100 million.
That is a loss for investors in Atrica, an Israeli company with offices in Santa Clara, Calif. that had raised $180 million since being spun off from 3Com seven years ago.
The official announcement did not disclose terms. Investors over the years included Accel Partners, Ascend Technology Ventures, Benchmark Capital, Gemini Israel… Continue Reading