Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=20bbaf60-d37f-4d9d-9a3e-9604599a19df&Preview=1
Date 10/22/2009
Company Name Wichorus
Mailing Address 3590 N. 1st Street San Jose, CA 95134
Company Description WiChorus provides a new class of intelligent wireless core platform that enables service providers to deploy large scale, profitable WiMAX and LTE networks. Leveraging this platform, our Intelligent ASN Gateway solution provides content management, advanced service and subscriber management, and network optimization, enabling service providers to capitalize on service differentiation opportunities and streamline operational costs.
M&A Terms Under the terms of the transaction, which was approved by both companies’ boards of directors, Tellabs will pay approximately $165 million in net cash for WiChorus.