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Inkra Goes Virtual

Inkra Networks Inc. has shut down, Light Reading sources say.

The company closed its doors at the end of May, according to those close to the situation. The more than 100 employees were cut and the technology assets were sold to two different bidders.

Cisco Systems Inc. (Nasdaq: CSCO) and Nortel Networks Ltd. (NYSE/Toronto: NT) bought bits and pieces of the company's intellectual property, these sources say. Cisco got the company's management system and Nortel picked up Inkra's hardware and some software as well.

For more, check out the full story on Light Reading.

Phil Harvey, News Editor, Light Reading