Ascend Communications Inc has sold off another unwanted piece of Stratus Computer Inc, announcing Tuesday that the TCAM Systems business has bee bought by Swedish company OM Technology. No financial details were disclosed. TCAM, founded in 1979, develops and markets software for the securities and financial exchange market worldwide. The sale comes as part of Ascend’s planned divestiture of all the non-telecommunications related assets of Stratus, which it bought in October for more than $820m. It leaves only the S2 software business remaining to be sold, which Ascend promises will happen within the very near future.
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