Buying again, Madge Networks Inc is to acquire Eatontown, New Jersey wide area access switch designer and builder Teleos Communications Inc for $165m in new Madge shares at closing. Madge also agreed to a binding letter of intent with Cisco Systems Inc to license Teleos’s ISDN switching technology to Cisco for use as a building block in Cisco’s universal access server products. Madge in turn will license the Cisco Internetwork Operating System for integration into a future wide area network AccessSwitch. Madge describes the acquisition is a major milestone in its strategy to move to next generation Asynchronous Transfer Mode high-speed networking standards, adding wide area switching to its existing portfolio of Token Ring, Ethernet and Asynchronous Transfer Mode local area network switching products and technology, giving it a product set that provides complete, end-to-end switched networks for the integrated delivery of data, speech and video to the corporate desktop.
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