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Visual Networks Buys Net Management Firm

InternetNews Staff
By InternetNews Staff

Net management solution firm Visual
Networks Inc. Monday purchased e-business software company Avesta Technologies Inc. for $415 million
in stock.


Visual Networks will exchange 6.5 million of its shares for all outstanding
Avesta Technologies’ common stock.


With the deal, Visual Networks (VNWK)
hopes to incorporate Avesta Technologies’ event management and applications
monitoring capability into its product portfolio. The firm’s goal is to meet
the growing trend among enterprises to outsource their networks and
applications to service providers.


Avesta Technologies President and Chief Executive Officer Kam Saifi will
join the Visual Networks’ board of directors and assume his new role as
executive vice president. The two companies are expected to operate on an
integrated basis.


Visual Networks is projecting the new organization’s top-line revenue will
grow by 50 percent in 2000 and 2001.


“This combination represents a critical piece of our articulated strategy to
become the largest service management vendor with the industry’s broadest
portfolio of products and functionality,” said Scott Stouffer president and
CEO, Visual Networks.

“As a combined entity, we can offer a broad solution
set for managing the Internet infrastructure end-to-end — from client to
servers to host computers — as well as the underlying transport
infrastructure.”

InternetNews Staff
InternetNews Staff
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