OASys makes software for managing fiber optic networks for the telecommunications market. The company's TL1/CMIP Gateway management product will be integrated with Cabletron's Spectrum network and systems management software platform. The combination allows telecommunications companies to manage their entire network infastructures.
As part of the agreement, the Rochester, New Hampshire-based Cabletron will exchange 240,000 shares for all outstanding OASys stock. Cabletron's stock is pushing $42--up nearly 2 points--in afternoon trading. Neither company has indicated whether the merger will result in layoffs.
The OASys acquisition continues a succession of moves intended to shore up Cabletron's stake in the telecommunications market. The company recently added frame-relay support through its NetLink acquisition and received ISDN remote access capabilities with the purchase of Network Express earlier this year.
The price tag for OASys is about $10 million. The dozen or so OASys employees will remain at their Los Gatos headquarters.