Alcatel-Lucent Inks Agreement To Acquire Tropic Networks
Alcatel-Lucent (Euronext Paris and NYSE:ALU) signed an agreement to acquire substantially all the assets, including all intellectual property of Canadian metro WDM networking supplier Tropic Networks, Inc. This transaction builds upon the collaboration the two companies established in July 2004 with the Alcatel-Lucent investment and global supply agreement.
Bandwidth-hungry services for consumers - including gaming, IPTV and video-on-demand - as well as advanced data services like mission-critical business applications are leading operators to increase the flexibility and ease of use of their optical networks. This new service growth also requires automated monitoring processes to maximize network simplicity for the highest efficiency in service delivery.
Through this acquisition, Alcatel-Lucent takes a new, strategic step in focusing on telecom and cable operators’ key requirements for simplified network planning, accelerated wavelength/service provisioning and advanced optical monitoring technology that eases overall maintenance activities across their optical infrastructure.
The further integration of key intellectual property developed by Tropic Networks, namely the Wavelength Tracker, enhances the competitiveness of Alcatel-Lucent’s optical product portfolio and gives operators the benefit of cost-effectively upgrading their networks according to the latest innovations in optical transmission. In combination with Alcatel-Lucent’s ROADM technology, the advanced optical layer management technology developed by Tropic Networks delivers the flexibility and security to maximize network efficiency and operational cost savings.
In addition, this acquisition provides for uninterrupted supply to Alcatel-Lucent and Tropic Networks’ customers, allowing them to benefit from integration synergies with the overall Alcatel-Lucent portfolio.
“Through this transaction, we are strengthening our value proposition for photonic networks with innovative solutions that complete both cable and telecom service providers requirements,” said Romano Valussi, president of Alcatel-Lucent’s Optics activities. “We are continuing to make strategic moves that serve our customers with the ability to successfully address new opportunities for the end-users’ benefit.”
“The relationship developed over three years has been valuable and we are proud to join Alcatel-Lucent, the worldwide leader in optical networking” stated Kevin Rankin, CEO of Tropic Networks. “Our vision of a fully flexible and scalable optical network is finding a further expansion with the Alcatel-Lucent’s advanced product portfolio and new opportunities to bring technology advancements to the market.”
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