Genband has finalized its acquisition of Nortel’s Carrier VoIP and Application Solution (CVAS) division, a $282 million deal that closes the book on one of Nortel’s final remaining business divisions.
Through the purchase, Genband will bolster its networking portfolio with a suite of VoIP equipment and applications it is picking up from the bankrupt firm. VoIP Planet has the details.
IP gateway vendor Genband has completed the acquisition of Nortel’s Carrier VoIP and Application Solutions (CVAS) business, closing the $282 million deal that erases one of the last of Nortel’s large business units.
With Nortel CVAS in hand, Genband boasts a portfolio that includes VoIP networking gear and applications that it can blend with its existing networking portfolio. The sale of Nortel’s CVAS business continues the former telecom giant’s dissolution following its bankruptcy proceeding.