Alcatel to Acquire TiMetra Networks for $150M

May 20, 2003 by Jeff Shepard

Alcatel (Paris, France) announced the acquisition of a company that specializes in Internet protocol (IP) services routing. Alcatel has agreed to pay about $150 million in a share deal for TiMetra Networks (Mountain View, CA). The deal reflects the company’s desire to focus on its core high-level systems communications and data networking business.

According to the company, the technology it is acquiring will allow it to support in its network infrastructure value-added services, such as SLA-based virtual private networks and virtual private LANs. Alcatel claims this represents a potential world IP services market worth $87 billion growing at more than 17 percent. TiMetra brings with it a service router designed to allow service providers to offer multiple revenue-generating private data services.