LONDON Israeli telecom equipment supplier ECI Telecom has acquired Edge router and broadband remote access server specialist Laurel Networks for $88 million in cash.
ECI said earlier this year it intends to grow through acquisitions, hence, other deals are expected over the next 12 months.
Pittsburgh-based Laurel specializes in IP/MPLS multiservice Edge routers that will extend ECI's broadband, optical and core routing portfolio, enabling it to enhance its systems functionally and create complete multiservice IP solutions for service providers.
Laurel recently refocused its efforts on the video-enabled networks market, which is growing fast, especially in Europe.
Laurel was founded in 1999. It has since attracted $118 million in venture capital financing from leading U.S. funds, including NEA & Trinity Ventures and Ciena Corp. Most of the funding was used for the development of its multiservice Edge routers.
Subsea cable alternatives can provide a level of comfort for those concerned about disruptions. Realistically, they will continue to play a small, but critical role in the short term.
Maintaining existing network infrastructures often incurs huge technical debt before newer technologies are adopted over time.
Amid ongoing regional uncertainties, telecom infrastructure in the Middle East has expand to include terrestrial low-latency network infrastructure, which offers resilience and agility in navigating political complexities without relying solely on undersea networks.
