Quintum to be Acquired by NET

The consolidation in the VoIP equipment market continues.
Network Equipment Technologies, Inc., announced today that it has signed a definitive agreement to acquire privately held Quintum Technologies, an enterprise VoIP access switching and gateway solutions provider.
 
Under the terms of the agreement, NET will acquire all of the outstanding shares of Quintum for a total equity value of $41 million, comprised of $20.5 million in cash and $20.5 million in NET stock.
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October 26, 2007 8:29 AM | 0 TrackBacks

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